MSCI will add Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies to its Global Standard Index effective August 26, 2025.
This major inclusion is expected to draw nearly $1 billion in passive foreign inflows into the Indian equity market.
Estimated inflows are Swiggy: $289 million, Vishal Mega Mart: $258 million, Hitachi Energy: $230 million, and Waaree
Energies: $233 million.
Meanwhile, Sona BLW and Thermax will exit the index, potentially leading to outflows of $163 million and $121 million, respectively.
The reshuffle is part of MSCI’s regular review, balancing liquidity, market capitalization, and investability factors.
Globally, around $16.9 trillion in assets track MSCI indexes, magnifying the market impact of such adjustments.
The move boosts mid-cap visibility within India’s growing equity market landscape.
Analysts expect valuation gains in the short term for newly included stocks ahead
of the formal index entry.
This change highlights increasing institutional interest in India’s consumer and renewable energy sectors.
Market experts predict targeted fund flows into India will intensify after the index changes take effect.