MSCI rejigs Global Standard index paytm out yes bank suzlon zomato vedanta weight gains

There has been a change in Morgan Stanley's Global Standard Index (MSCI May 2024 rejig). Under this, 13 shares including Canara Bank, JSW Energy, NHPC, Indus Towers, Phoenix Mills have got a place in the index. On the other hand, three stocks including Paytm have been excluded from the index.

These 13 stocks got place

The review to be held in MSCI in the month of May was awaited for a long time. Other stocks that have been included in the index in this change include the names of PB Fintech, Sundaram Finance, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma and Thermax. Apart from Paytm, Berger Paints and Indraprastha Gas have been excluded from the index.

This is why the index is relevant

Morgan Stanley Capital International issues several indices for financial markets around the world. Global Standard Index is also prominent among them. On the basis of these indices, the world's top fund houses allocate their assets. The stocks which are included in the index start getting the benefit of increased inflows, while the stocks which are outside the index suffer the loss of inflows.

The weight of these shares increased

While Paytm, Berger Paints and Indraprastha Gas may have to suffer losses after this change, on the other hand Canara Bank, JSW Energy, NHPC, Indus Towers, Phoenix Mills, PB Fintech, Sundaram Finance, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma and Thermax are going to benefit from the inflow. Shares like Yes Bank, Suzlon Energy, Vedanta, Zomato and Polycab will also benefit from this change. The weightage of these shares in the index has been increased, which means that they will now get more inflows than before.

This much inflow will come to India

Overall, India is going to benefit from the changes made in the May review of Morgan Stanley's Global Standard Index. 3 shares have been removed from the index, while 13 have got a place and the weightage of many shares has increased. In this way overall inflow into Indian stocks is going to increase. It is estimated that after this change, Indian shares may get a passive inflow of $ 2.5 billion.

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