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MSCI rejig tomorrow: 5 PSUs likely to be added to standard index, India could see $1 billion inflow

Money ControlMoney Control · 10m
MSCI rejig tomorrow: 5 PSUs likely to be added to standard index, India could see $1 billion inflow

Index provider MSCI is expected to announce the results of its quarterly review on February 13, with public sector companies likely to be included in the MSCI Standard index. NMDC, Punjab National Bank, BHEL, Union Bank of India, and NHPC are among the probable inclusions, which could bring inflows of millions of dollars to these stocks. Additionally, several recently listed stocks, including Cello World and Mamaearth, are expected to make it to the MSCI Smallcap index, resulting in further inflows. Indian equity markets could see a total of $800 million to $1 billion of inflows on February 29 due to adjustments made by funds and ETFs benchmarked against MSCI indices.

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