1 / 7The MSCI rebalancing takes place today for the changes that were announced earlier this month. From HDFC Bank to five other stocks will see inflows worth close to $2 billion. The MSCI Smallcap index will see 13 additions and seven deletions from the index. Overall, Indian stocks may see inflows worth close to $1.7 billion today. Here are the stocks that will see inflows:
2 / 7HDFC Bank will see the second tranche of its weightage increase on the MSCI Global Standard Index. Nuvama Alternative & Quantitative Research anticipates inflows worth up to $1.8 billion in shares of India’s largest private bank.
3 / 7Voltas was one of the inclusions to the MSCI Global Standard Index in the announcements made this month. IIFL Alternate expects inflows worth up to $282 million, Nuvama sees that number at $306 million.
4 / 7BSE, whose shares have been significant outperformers in the last six months is another inclusion to the MSCI indices and Nuvama Alternative expects inflows worth $269 million in the stock. IIFL Alternatives also sees inflows worth $236 million.
5 / 7Kalyan Jewellers India may see inflows worth $208 million or up to $250 million, according to estimates from IIFL and Nuvama respectively. The stock has also been an outperformer and is now an inclusion in the MSCI indices.
6 / 7Alkem Laboratories will see flows ranging from $184 million to $201 million according to IIFL and Nuvama after its inclusion in the MSCI indices.
7 / 7The only real estate player in this list is Oberoi Realty, who is expected to receive inflows worth $197 million, according to IIFL, and $212 million, according to Nuvama, post its MSCI inclusion.
