FTSE semi-annual review to be implemented from Friday's close; ICICI Bank weightage increase estimated to result in Rs 1,972 cr FII inflow

The semi-annual FTSE changes will come into effect from Friday's (September 20) closing. This latest rejig is expected to result in an inflow of foreign funds to the tune of Rs 8,357 crore as per reports. 

Primarily, the FTSE All World Index and FTSE Total Cap index will see a rejig as per Zee Business research inputs. 

Further as per inputs, 13 stocks including KEI Industries, IRB Infra and Cochin Shipyard and 10 more stocks will be added to the FTSE All World Index.

Stocks to be added to the FTSE All World Index and estimated inflows

 Company                                   Inflow (Cr)

KEI Industries                              +  443

IRB Infrastructure                        + 309

Cochin Shipyard                           + 250

HUDCO                                          +  242

Escorts Kubota                            +  225

Hitachi Energy India                    + 217

GE T&D India                                +184

Motilal Oswal Financial               + 167

Bharat Dynamics                          +159

Lloyds Metals and Energy          + 150

Endurance Technologies            + 142

Bank of Maharashtra                  +100

Central Bank of India                    + 58

Weightage increase in below stocks to boost inflows 

Company                                  Inflow / Outflow(Cr)

ICICI Bank                                           +1972

Kotak Mahindra Bank                       +878

Tata Tech                                            +242

AB capital                                           +167

M&M                                                  -543