MSCI Standard Index August 2024 review: Big announcements expected, Rs 9,806 crore likely inflow on inclusion of 6 stocks

In the upcoming MSCI indices review slated to take place in August, Nuvama Research anticipates some big announcements. The entity has listed out six stocks that are likely to see an  inclusion in the MSCI Global Standard Index along with the estimated inflow.

Stocks expected to see inclusion Inflows

Dixon Technologies        Rs 2285 crore 

Vodafone Idea              Rs 2100 crore 

Prestige Estates                     Rs 1543 crore

Oberoi Realty                Rs 1310 crore

Schaeffler India                      Rs 1292 crore

Uno Minda                      Rs.1276 crore

Thus as per the research firm estimates, a total of Rs 9,806 crore could make its way into the Indian equities upon the completion of the rebalancing by August end. 

Also, weightage for 3 stocks including HDFC Bank, Indus Towers and Mphas is seen to increase in the rejig. With expected inflows listed as below:

Weight up                        Inflows

HDFC Bank                      Rs.26942cr          

Indus tower                    Rs.1101cr

Mphasis                            Rs.400cr

Currently, India’s weightage in the MSCI EM is at 19.2 per cent and the same is expected to scale to 20 per cent. 

Further, while HDFC Bank stock is on investors’ radar, the note said that in case FIIs June shareholding in the stock decreases to 55.5 per cent to 5 per cent, the stock’s weightage will climb higher to 7.2-7.5 per cent from the earlier 3.8 per cent, resulting in an inflow of Rs 26,942 crore. 

Additionally, the note pointed out that in case RVNL, Zydus Life, Oracle Financial Services, Alkem Laboratories, Linde India and Nykaa see sharp move to the tune of 10-35 per cent, they can also be included in the index.