The latest round of rejig for MSCI indices is slated to take place on November 7, with the spotlight on the anticipated weightage increase for banking giant HDFC Bank, which could attract inflows of approximately $1.88 billion.
Names like Adani Energy Solutions, Kalyan Jewellers, BSE, Alkem Labs and Oberoi Realty also have high probability of getting an inclusion into the MSCI Global Standard index, as per Nuvama Alternative & Quantitative Research.
Aside from these, Voltas also has a borderline chance of bagging an inclusion. The official announcement is expected on November 7 at around 2:30 am, while adjustments are scheduled for November 25.
According to calculations by Nuvama, Adani Energy Solutions could see $306 million in passive inflows from the MSCI rejig while BSE is projected to attract $257 million, followed by Oberoi Realty with $218 million, Alkem at $211 million, and Kalyan Jewellers India with $210 million. Nuvama also noted that if Voltas is indeed included in the index, it could draw in $306 million in passive inflows.
Meanwhile, the MSCI Smallcap index is expected to see a slew of new inclusions, including Brainbees Solutions, Ola Electric, Jyoti CNC Automation, Eureka Forbes, Aadhar Housing, PC Jewellers, JSW Holdings, and Allied Blenders. Together, these inclusions could garner inflows worth upto $106 million, Nuvama estimated.
Conversely, Nuvama suggested that Fusion Finance, TCI Express, Sanofi Consumer, Hitachi Energy, and Hinduja Global may be among the potential exclusions from the index.
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