MSCI rejig: Nine Indian stocks set to be included; India's weight will increase to 16.3%

The reshuffling in the Morgan Stanley Capital International (MSCI) index shall be effective from the closing of November 30. As per estimates by the brokerage firm Nuvama, amid the rejig, Indian markets will see an inflow of US$150 crore.

 In the MSCI Standard index, nine shares are likely to be added, including those of IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo Tubes, Polycab, Tata Motors, Macrotech Developers, Paytm, and Tata Communications.

 Below is the inflow expected in individual stocks.

Through the rejig, the MSCI Standard Index, which includes a total of 131 Indian companies, will also see an increase in India's weight from the previous 15.9 per cent to 16.3 per cent, an all-time high India weight so far in the index.

 Inflows due to weight increase (Global Standard Index) 

Meanwhile, the market will also see an outflow of funds due to a reduction in the weight of Reliance Industries, ICICI Bank, and Infosys.

Further, in the MSCI smallcap index, 42 stocks have been included, while 19 stocks have been ousted.