MSCI September rejig to be effective from Friday's close: 2 PSUs to be added to MSCI Global Standard Index

The MSCI Global Standard Index and MSCI Smallcap Index are slated for a rejig from today's close. As per Zee Business Research inputs, a total of Rs 33,530- Rs 37,730 crore in net inflows are estimated from the FIIs upon the rejig.

In the MSCI EM index, weightage of India will be increased to 20 per cent from 8 per cent in 2020. Also, the weightage of the country's top private lender by m-cap HDFC Bank will be increased in 2 phases.

MSCI Global Standard Index' stocks to be included

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Company Expected Inflows (in cr)

DIXON TECH +2624

VODAFONE IDEA +2389

OIL INDIA +2163

ZYDUS LIFE +1861

RVNL +1777

PRESTIGE EST +1492

OFSS +1441

Stocks to be excluded and the likely outflow

Company Expected Outflow (in cr)

Bandhan Bank - 900

Weightage of the below stocks to be increased in MSCI Global Standard Index

Company Expected Inflows (in cr)

HDFC Bank +14830

Bharti Airtel + 2062

Coal India +822

HPCL +192

ICICI Lombard +159

Persistent Sys +125

Furthermore, 27 stocks will be included in the MSCI Smallcap index, including Bandhan Bank, Go Digit, Max Estates, Gulf Oil and GMR Power among others. Meanwhile, 6 stocks namely Dixon tech, Cochin Shipyard, IREDA, HUDCO will be ousted from the index.