MSCI rejig from 31 May: Adani Transmission, Adani Total may see outflow of $356 million as they exit; details here
MSCI Global Standard Index will exclude Adani Transmission, Adani Total Gas, and Indus Towers, while adding Max Healthcare Institute, HAL, and Sona BLW Precision, effective May 31. Nuvama Alternative & Quantitative Research predicts a net passive foreign flow of $600-700m to India.
MSCI Global Standard Index's latest rejig will come into effect from May 31st, where three stocks will be excluded of which two belonged to Adani Group. These are Adani Transmission, and Adani Total Gas and the other to exit would be Indus Towers. On the other hand, three stocks Max Healthcare Institute, Hindustan Aeronautics, and Sona BLW Precision will be included.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started