Bharti Airtel, HDFC Life in Focus: Kotak Securities and Nomura highlights expected MSCI Changes
Nomura says MSCI rebalancing which will happen on 26th Feb Friday will see $494 mn buying in Bharti Airtel, $59.5 mn buying in Indus Towers, $45.8 mn buying in HDFC Life and $16.7 mn in ICICI Lombard General Insurance. There will be some selling in Reliance Industries, Infosys, HDFC and ICICI Bank. India's weight will go up by 5.61 bps according to MSCI.
Kotak Securities highlights that MSCI changes will see buying of $ 600 mn in Bharti Airtel. $ 70 mn in Indus towers, $ 52 mn in HDFC Life and $ 21 mn in ICICI Lombard General Insurance: Reuters