{"id":51515,"date":"2024-05-15T22:59:07","date_gmt":"2024-05-15T22:59:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/15\/indian-stocks-to-get-2-5-billion-boost-as-msci-rejigs-index-times-of-india\/"},"modified":"2024-05-15T22:59:07","modified_gmt":"2024-05-15T22:59:07","slug":"indian-stocks-to-get-2-5-billion-boost-as-msci-rejigs-index-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/15\/indian-stocks-to-get-2-5-billion-boost-as-msci-rejigs-index-times-of-india\/","title":{"rendered":"Indian stocks to get $2.5 billion boost as MSCI rejigs index &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-110157457,imgsize-1007625.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Indian stocks to get .5 billion boost as MSCI rejigs index &#8211; Times of India\" title=\"Indian stocks to get .5 billion boost as MSCI rejigs index &#8211; Times of India\" \/><\/div>\n<div>MUMBAI: A rejig of the <!-- -->MSCI index<!-- -->, one of the most popular indices among <!-- -->foreign fund managers<!-- -->, is increasing India&#8217;s weight from 18.3% to 19% by this month-end that has the potential to bring in additional <!-- -->foreign investments<!-- --> worth about $2.5 billion.<br \/>Late on Tuesday, MSCI said that stocks of 13 Indian companies will be included in its Global Standard Index, effective May 31.Several others were included in MSCI&#8217;s smallcap index as well.<br \/>A report by Nuvama Alternative &amp; Quantitative Research noted that because of the rejig, India is expected to witness a net foreign fund inflow of more than $2.5 billion through passive schemes. &#8220;With 13 inclusions and three exclusions, the net stock count post-rejig will be 146 for India in the MSCI Standard\/EM Index. Additionally, there will be a net inclusion of 14 stocks in the Smallcap Index, bringing India&#8217;s total stock count in the small-cap index to 497.&#8221;<br \/>There are at least three major factors for this sharp jump in India&#8217;s weight in MSCI indices. First, India standardised foreign ownership limits in 2020. In the last few years, Indian equities have shown robust performance, particularly the mid-cap segment, leading to numerous inclusions in every review. And then there has also been relative underperformance by other emerging market packs, especially China, Nuvama analyst Abhilash Pagaria said.<br \/>Currently, China has the highest representation in the MSCI EM Index that has a weight of 25.7% with 703 Chinese stocks included in the index. In comparison, India&#8217;s 18.3% weight is from 136 stocks.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        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JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/indian-stocks-to-get-2-5-billion-boost-as-msci-rejigs-index\/articleshow\/110157453.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: A rejig of the MSCI index, one of the most popular indices among foreign fund managers, is increasing India&#8217;s weight from 18.3% to 19% by this month-end that has the potential to bring in additional foreign investments worth about $2.5 billion.Late on Tuesday, MSCI said that stocks of 13 Indian companies will be included 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