List of stocks in and out of MSCI indexET Now Digital
Feb 28, 2023Addition: Bank of Baroda
This is the latest addition to the MSCI global standard index. Analysts are hoping that the inflow due to the addition of BoB will be $136 million, twice its 20-day average volume.Credit: PTI
Addition: CG Power
Analysts are expecting an inflow of $164 million due to the addition of CG Power. This is nearly 11 times 20-day average volume.Credit: Times Network
Deletion: Biocon
Analysts believe that the exclusion of Biocon from the MSCI global standard index will result in an outflow of $65 million. This, according to analysts is seven times its 20-day average volume.Credit: PTI
Stocks with reduced weightage
Besides, stocks which have witnessed reduction in weightage in the index include Adani Enterprises, HCL Tech, ACC among others. This is expected to lead to an outflow of $11-102 million dollars, according to analysts.Credit: PTI
Stocks with increased weightage
The following stocks have undergone a slight increase in weightage. They include - Reliance, Infy, TCS, ICICI Bank, HDFC. This could lead to an inflow of $3-8 million USD.Credit: PTI
MSCI Global Small Cap Index
There are about 25 additions to the MSCI global small cap index and four stocks have been removed. They include - Cartrade, CG Power, Johnson Controls and Shilpa Medicare.Credit: PTI