MSCI September rejig to be effective from Friday's close: 2 PSUs to be added to MSCI Global Standard Index

The MSCI Global Standard Index and MSCI Smallcap Index are slated for a rejig from today's close. As per Zee Business Research inputs, a total of Rs 33,530- Rs 37,730 crore in net inflows are estimated from the FIIs upon the rejig. 

 In the MSCI EM index, weightage of India will be increased to 20 per cent from 8 per cent in 2020. Also, the weightage of the country's top private lender by m-cap HDFC Bank will be increased in 2 phases.

 MSCI Global Standard Index' stocks to be included

 Company                Expected Inflows (in cr) 

DIXON TECH                   +2624

VODAFONE IDEA               +2389

OIL INDIA                            +2163

ZYDUS LIFE                      +1861

RVNL                              +1777

PRESTIGE EST                    +1492

OFSS                               +1441

 Stocks to be excluded and the likely outflow

 Company              Expected Outflow (in cr) 

Bandhan Bank                        - 900

 Weightage of the below stocks to be increased in  MSCI Global Standard Index 

 Company     Expected Inflows (in cr)

HDFC Bank                    +14830

Bharti Airtel                + 2062

Coal India                         +822

HPCL                                 +192

ICICI Lombard                +159

Persistent Sys                +125

Furthermore, 27 stocks will be included in the MSCI Smallcap index, including Bandhan Bank, Go Digit, Max Estates, Gulf Oil and GMR Power among others. Meanwhile, 6 stocks namely Dixon tech, Cochin Shipyard, IREDA, HUDCO will be ousted from the index.