Highlights

  • The MSCI index review announced on Nov 12 takes effect on December 1.
  • 7 stocks added to the MSCI Standard index, 2 stocks excluded

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FII bets on these stocks to rise as they get included in the MSCI index, here are the details

MSCI booster for these 7 stocks, inclusion to lead to raised FII flows into equities. 

FII bets on these stocks to rise as they get included in the MSCI index, here are the details

MSCI announced it's Semi-Annual Index Review (SAIR) rejig and 7 Indian stocks have found a place in the standard index while 2 have been booted out.

Included in the MSCI Standard Index: Zomato, Tata Power, Godrej Properties, IRCTC, Mindtree, Mphases, SRF

Excluded from the MSCI Standard Index: IPCA Labs, REC

As per experts the rejig that would lead to increased buying of these stocks by FIIs would amount to an inflow of nearly $1 billion into the Indian markets.

Also, the MSCI potential high conviction inclusion names stand a chance to move to the large-cap category from the current mid-cap classification by the Association of Mutual Funds in India (Amfi). The mutual fund industry body will release the reclassified list of stocks in the first week of January.

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