MSCI India Standard Index Rejig due in May; Paytm to likely see an exclusion

MSCI India Standard Index rebalancing is due to be announced on May 14 after the market hours. The price cut off date for the rebalancing is any of the last business days in the month of April.

JM Financial in its report dated April 8 based on the current market price has listed the probable exclusions and inclusions. The brokerage stated that based on the current market price it expects the below stated exclusions and inclusions, nevertheless, this can be changed, based on the stock price prevailing during the cut-off period.

The domestic brokerage further said that based on the current market price inclusion of some 18 stocks cannot be ruled out, resulting in an inflow of $USD 2.7 billion.

Likely candidates to be included

Canara Bank, Voltas, Sundaram Finance, PolicyBazaar, Dixon Technologies, Phoenix Mills, Bosch, Indus Tower, Zydus Life, Torrent Power, NHPC, Alkem Laboratories, Nykaa, Jindal Stainless, SAIL, Solar Industries, ACC and Oil India 

Likely stocks to see an exclusion 

Paytm

Paytm after all the crisis is one stock expected to move out of the global stock index triggering a net outflow of $USD 60 million.