MSCI Global Standard Index may see new entrants, $877 million in inflows expected

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MSCI Global Standard Index may see new entrants, $877 million in inflows expected
Credit: © Reuters.

Nuvama Institutional Equities has projected that several Indian firms could enter the MSCI Global Standard Index, potentially attracting combined inflows of up to $877 million, on Thursday. The companies expected to make an entrance into the index include Polycab India (NS: POLC ), which has attracted $194 million in passive inflows, One 97 Communications Ltd (Paytm (NS: PAYT )) with $167 million in flows, Macrotech Developers (NS: MACE ) Ltd (Lodha) with $170 million in flows, Tata Communications (NS: TATA ) with $172 million, and Tata Motors (NS: TAMO ) (NYSE: TTM ) DVR.

In addition to these potential newcomers to the MSCI Global Standard Index, Suzlon Energy (NS: SUZL ) ($193 million), Persistent Systems (NS: PERS ) ($237 million), and APL Apollo (NS: APLA ) Tubes ($219 million) may transition from the MSCI Smallcap index. Meanwhile, Jindal Stainless (NS: JIST ) is a potential NOC contender while IndusInd Bank (NS: INBK ) could enter if FPIs reduce their stakes, potentially attracting an estimated $280 million in inflows.

The selection day for these changes falls within the October 18-30 cut-off period, with official changes set to be announced on November 14. Furthermore, Redtape, Electronics Mart, Force Motors, Surya Roshni (NS: SURR ), Gabriel India, and Astra Microwave are all potential entrants to the MSCI Smallcap Index. Jindal Steel could also see an increase in flows amounting to $143 million.

On the other hand, some companies may exit the index. Oberoi Realty (NS: OEBO ), BHEL, Vodafone (NASDAQ: VOD ) Idea, Delta Corp (NS: DELT ), and Indian Bank (NS: INBA ) are all potential exits from the MSCI Global Standard Index.

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