India's representation on MSCI index could cross 20% by mid-2024 - Nuvama

Jindal Stainless

08/01/2024 04:37

** India's representation in the MSCI global standard index
could cross 20% by mid-2024 from 17.1% currently - Nuvama
    ** Jindal Stainless  JIST.NS , Punjab National Bank
 PNBK.NS , BHEL  BHEL.NS  and NMDC  NMDC.NS  among inclusion
candidates for global standard index - brokerage
    ** JIST, PNBK, BHEL and NMDC likely to receive inflows of
$149 mln, $144 mln, $137 mln and $132 mln, respectively, Nuvama
adds
    ** The stocks are trading flat currently
    ** IREDA  INAR.NS , Cello World  CELO.NS , Honasa Consumer
 HONA.NS  and SignatureGlobal  SIGT.NS  among inclusion
candidates for smallcap index with expected inflows of $11 mln,
$7 mln, $6 mln and $4 mln respectively
    ** Shares of CELO and HONA up ~1%, SIGT up 3%, while IREDA
little changed in early trade
    ** GMR Airports Infrastructure  GMRI.NS  and Prestige
Estates  PREG.NS  could be excluded from the global standard
index, resulting in outflows of $26 mln and $1.8 mln
respectively - Nuvama

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))