FTSE semi-annual review to be implemented from Friday's close; ICICI Bank weightage increase estimated to result in Rs 1,972 cr FII inflow
The FTSE semi-annual review will be applicable from Friday's close today.
The semi-annual FTSE changes will come into effect from Friday's (September 20) closing. This latest rejig is expected to result in an inflow of foreign funds to the tune of Rs 8,357 crore as per reports.
Primarily, the FTSE All World Index and FTSE Total Cap index will see a rejig as per Zee Business research inputs.
Further as per inputs, 13 stocks including KEI Industries, IRB Infra and Cochin Shipyard and 10 more stocks will be added to the FTSE All World Index.
Stocks to be added to the FTSE All World Index and estimated inflows
Company Inflow (Cr)
KEI Industries + 443
IRB Infrastructure + 309
Cochin Shipyard + 250
HUDCO + 242
Escorts Kubota + 225
Hitachi Energy India + 217
GE T&D India +184
Motilal Oswal Financial + 167
Bharat Dynamics +159
Lloyds Metals and Energy + 150
Endurance Technologies + 142
Bank of Maharashtra +100
Central Bank of India + 58
Weightage increase in below stocks to boost inflows
Company Inflow / Outflow(Cr)
ICICI Bank +1972
Kotak Mahindra Bank +878
Tata Tech +242
AB capital +167
M&M -543
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