Coromandel International and FSN E-Commerce Ventures (Nykaa) will be added to the MSCI Global Standard Index as part of MSCI’s semi-annual index review. These changes will come into effect after market hours on May 30, 2025.
This inclusion is expected to bring strong passive inflows into both companies. Experts estimate that Coromandel may attract $227 million to $252 million, while Nykaa could receive inflows between $181 million and $199 million. These estimates are based on the investments made by global funds that follow the MSCI indices.
On the other hand, One97 Communications (Paytm) did not make a comeback to the MSCI indices, which was a surprise to many in the market. The stock was removed from the MSCI India Index in May 2024 and has not yet returned.
No Indian stock left the MSCI Global Standard Index as a result of this reshuffle.
At the international level, MSCI added six Chinese companies but dropped 17 of them, reflecting a cautious attitude towards Chinese stocks. In Germany, popular sports brand Puma was one of the companies withdrawn from the index.
12 stocks were added to the MSCI India Domestic Smallcap Index, among them being Dr Agarwal’s Health Care, Hexaware Technologies (new), Godrej Agrovet, and Le Travenues Technology (Ixigo). 21 stocks were deleted from the list as well, including such stocks as Allcargo Logistics, Orchid Pharma, Greenpanel Industries, and Prince Pipes.
Coromandel International and GMR Airports were added in the MSCI India Domestic Index, and Sona BLW Precision was dropped.
These movements are monitored with close focus by international and local investors and tend to create short-term buying and selling pressures as a result of index-linked investments.
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Source: Moneycontrol.
News Desk
