• Business News
  • Insurance
  • Saving
  • Share Market 5Paisa
  • Loan
  • Mutual Funds
  • Investment
  • Real Estate
  • Crypto coindcx
    • हिन्दी
    • తెలుగు
    • मराठी
    • বাংলা
    • ગુજરાતી
    • ಕನ್ನಡ
  • Close
  • Daily Show
    • 2+2=5
    • Take it Easy
    • Red Alert
    • Formula Guru
    • Money Gyan
    • Money Central
    • Money time
    • Jhatpat
  • Weekly Show
    • Money Comics
    • Economicom
    • Realty Check
    • Smile and pay
    • Money Tales
    • Spend Wise
    • Companynama
  • Insurance
  • Savings
  • Share Market 5Paisa
  • Loan
  • Crypto coindcx
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home » News » Markets » Zomato, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC and Mphasis added to MSCI index

Zomato, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC and Mphasis added to MSCI index

According to Edelweiss Alternative Research, the fresh addition and deletions will lead to a total inflow of $1.2 billion.

  • Money9
  • Updated On - November 12, 2021 / 11:55 AM IST
Zomato, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC and Mphasis added to MSCI index
The MSCI India Index acts as an indicator of the soundness of the Indian capital market.

MSCI (Morgan Stanley Capital International) has announced its official review for November 2021 semiannual rebalance. There will be 7 additions and 2 deletions. All changes announced will be effective as of December 01 (close of November 30). Post the adjustment on November 30, 2021, the count of Indian stocks in MSCI Standard Index will increase from 101 to 106 stocks.

According to Edelweiss Alternative Research, the fresh addition and deletions will lead to a total inflow of $1.2 billion. This is ex of weights changes in existing stocks.

Rebalancing

The six stocks added in the MSCI India index are – Zomato, SRF, Tata Power, Mindtree, Godrej Properties, Indian Railway Catering and Tourism Corporation (IRCTC) and Mphasis are the additions in the standard index. Meanwhile, the two deletions are IPCA Laboratories and REC.

Funds inflows

After the inclusion, Tata Power may see inflows of Rs 1,800 crore, Edelweiss report suggested.

According to estimates, SRF’s inclusion may lead to inflows of Rs 1,733 crore. While Mindtree and IRCTC, may see flows of Rs 1,500 crore and 1,283 crore, respectively. The recently listed unicorn Zomato may see inflows of Rs 1,135 crore.

MSCI India Domestic Small Cap Index

The MSCI India Domestic Small Cap Index, 64 stocks have been added which includes Allcargo Logistics, ABB Power, Asahi India Glass, Chemplast Sanmar, Carborundum Universal, Hikal and more.

Whereas, 10 stocks have been removed from the list of the MSCI India Domestic Small Cap Index, which includes DCB Bank, Gulf Oil Lubricants, JSW Energy, Ujjivan Financial Services.

Investors all over the world track the indices of MSCI and global funds often build their portfolios on the basis of MSCI’s global indices. Still not clear about MSCI let’s understand the basics.

What is MSCI India Index?

Morgan Stanley Capital International (MSCI) has set up many global indices, one of which is a composite of Indian stocks-the MSCI India index. Many reputed Indian companies across sectors are included in the index. These companies amount to at least 85% of the total equity offered by Indian companies.

Why FIIs use MSCI India index

Foreign investors want international markets to invest their funds. They want to know more about the stability and volatility in the prices of shares. The MSCI India Index acts as an indicator of the soundness of the Indian capital market. The weightage of a company depends on its performance in different categories such as the total turnover, market capitalization and dividend return. The greater the weightage, the higher will be the amount of foreign investment into the stocks. In simple words, the amount of funds that a foreigner will invest in an Indian share will be directly dependent on the stock’s weightage on the MSCI index. If the weightage of a company is reduced then there is always a possibility of foreign investors withdrawing their funds.

Download Money9 App for the latest updates on Personal Finance.

follow us

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
  • Instagram

also read

  • Trading ideas: six stock recommendations for January 21

    Trading ideas: six stock recommendations for January 21

  • Trading ideas: six stock recommendations for Thrusday

    Trading ideas: six stock recommendations for Thrusday

Read more news on

  • Godrej Properties
  • IRCTC
  • Mindtree
  • Mphasis
  • MSCI

Latest Video

SEE MORE
Why mutual fund investment is falling ever since FIIs have made a comeback?

Why mutual fund investment is falling ever since FIIs have made a comeback?

Updated: August 12, 2022
Tariff increase on cards; 5g tariff plans in India to make data expensive

Tariff increase on cards; 5g tariff plans in India to make data expensive

Updated: August 11, 2022
Why wheat prices won't fall even if wheat import duty is reduced?

Why wheat prices won’t fall even if wheat import duty is reduced?

Updated: August 10, 2022
Know Nifty 50 forecast, Sensex 30 forecast

Know Nifty 50 forecast, Sensex 30 forecast

Updated: August 9, 2022
Know the reason why onion prices are falling and current problems faced by onion farmers

Know the reason why onion prices are falling and current problems faced by onion farmers

Updated: August 5, 2022
Why clothes are not becoming cheaper despite  fall in cotton prices?

Why clothes are not becoming cheaper despite fall in cotton prices?

Updated: August 4, 2022
When will attrition in IT Sector and Tech Startups stop?

When will attrition in IT Sector and Tech Startups stop?

Updated: August 3, 2022
How will government's decision to implement 5% GST on non-branded food items impact you?

How will government’s decision to implement 5% GST on non-branded food items impact you?

Updated: August 2, 2022
Open in App

Related

  • Residential property registrations drop 18% in November

    Residential property registrations drop 18% in November

  • Tech Mahindra, Godrej Properties, Lupin in spotlight

    Tech Mahindra, Godrej Properties, Lupin in spotlight

  • Trading ideas: 4 stock recommendations for Wednesday

    Trading ideas: 4 stock recommendations for Wednesday

  • RIL, Wipro, IRCTC, Havells India to be watched

    RIL, Wipro, IRCTC, Havells India to be watched

  • SEBI pushes for tighter IPO rules

    SEBI pushes for tighter IPO rules

  • Zomato, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC and Mphasis added to MSCI index

    Zomato, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC and Mphasis added to MSCI index

Videos

  • Ministry of Civil Aviation removes airfare bands with effect from August 31, 2022
    Bulletin

    Freedom For Airlines in Ticket Prices

  • How does gadget insurance work? What does gadget insurance cover?
    Savings

    Protect Your Costly Gadgets This Way

  • What is the difference between Bulk and Block Deal?
    Helpline

    What is the difference between Bulk and Block Deal?

  • Why wheat prices won’t fall even if wheat import duty is reduced?
    Analysis

    The Battle For Indian Wheat Market

  • No immediate setting up of 8th Central Pay Commission: Minister of State for Finance Pankaj Chaudhary
    Bulletin

    No Revision in Pay For Govt Staff

  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Know this india
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Daily Shows

  • 2+2=5
  • Take it Easy
  • Red Alert
  • Formula Guru
  • Money Gyan
  • Money Central
  • Jhatpat
  • Money time
  • Weekly Shows

  • Money Comics
  • Economicom
  • Realty Check
  • Smile and pay
  • Money Tales
  • Companynama
  • Spend Wise
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • Andorid
  • ios
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2022 Money9. All rights reserved.