Bosch, Mankind Pharma among 12 stocks that may enter MSCI Global Standard Index in May; Paytm likely to exit
MSCI index changes: MSCI will announce changes in its index on May 14 that will take effect on May 31.
![Bosch, Mankind Pharma among 12 stocks that may enter MSCI Global Standard Index in May; Paytm likely to exit](https://cdn.zeebiz.com/sites/default/files/2024/04/18/288734-market-freepick.jpg?im=FitAndFill=(1200,900))
MSCI index changes: Indus Tower, Sundaram Finance, Torrent Power, Bosch, and Mankind Pharma are among the 12 strong contenders for inclusion in the MSCI Global Standard Index when the changes take place in May.
Brokerage firm Nuvama, in its note, says that MSCI will announce changes in its index on May 14 that will take effect on May 31. The cut-off period for stock selection is between April 17 and April 30. The changes in the index are expected to bring inflows of $2 billion. Besides, the changes are expected to increase the weight of Indian stocks in the MSCI index from 18.2 per cent to 20 per cent.
Here is a list of 12 stocks that are expected to be added to the index.
On the other hand, three stocks that have less chance of being included in the index are Thermax, Zydus Life, and Oberoi Realty.
Further, two stocks that are likely to see exclusion are Paytm and Berger Paints, which may result in outflows of Rs 640 crore and 910 crore, respectively.
With Zee Business Research inputs
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