In its August review, MSCI announced the addition of four Indian stocks—Swiggy, Hitachi Energy India, Vishal Mega Mart, and Waaree Energies—to the Global Standard Index. The inclusions are based on MSCI’s methodology, which factors in market capitalisation, liquidity, and foreign investability.
Swiggy’s entry is expected to trigger passive inflows of around $293 million, according to Nuvama Alternative & Quantitative Research. Vishal Mega Mart may attract $256 million, while Hitachi Energy India and Waaree Energies could see inflows of $233 million and $230 million, respectively.
While new entrants benefit, weight reductions for existing constituents are set to prompt heavy selling. Eternal faces the largest at $571 million, Nuvama said, making it the most impacted stock by MSCI’s float adjustments.
Asian Paints may see outflows of $102 million due to weight reductions, followed by Jindal Steel & Power at $43 million and Havells India at $40 million.
Sona BLW, Thermax Dropped
MSCI also removed Sona BLW Precision and Thermax from the Global Standard Index. The two are now expected to face outflows of $165 million and $117 million, respectively, per Nuvama’s estimates. Both stocks have been shifted to MSCI’s Smallcap Index.
Smallcap Index: Broader moves
The MSCI India Smallcap Index saw a wide shuffle. New entrants include Belrise Industries, Brainbees Solutions, Capri Global Capital, CSB Bank, India Glycols, Inventurus Knowledge, Lloyds Enterprises, Lumax Auto Technologies, Nexus Select Trust, Privi Speciality Chem, Transrail Lighting, Yatharth Hospital Trauma, and Zinka Logistics Solutions.Exits include Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation Systems, MSTC, and Protean eGov Technologies.In total, MSCI will add 42 and delete 56 securities from its global benchmarks. The adjustments are likely to spur rebalancing trades across passive portfolios ahead of the August 26 implementation.
Also read | MSCI August 2025 rejig: Swiggy, Vishal Megamart among 2 others included, 2 thrown out. Check full list here
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