MSCI is expected to add four Indian stocks, including Swiggy and Tata Capital, in its August review.
Market estimates suggest passive inflows of up to $287 million from this inclusion.
Swiggy may see the highest inflows, possibly around $117 million, due to its strong
weighting.
Tata Capital could attract around $74 million based on preliminary MSCI calculations.
Other likely additions include Indus Towers and Jubilant FoodWorks, as per Nuvama Res
earch.
Jubilant may witness estimated inflows of $50 million, strengthening its stock position.
These additions are based on strong free-float market cap and improved share liquidity.
Final announcement will be made by MSCI on August 13, effective from August 30.
This move reflects global investors’ increasing interest in India’s consumer an
d financial sectors.
Stocks that don’t meet MSCI criteria could also be dropped in this reshuffle.