The Bombay Stock Exchange Ltd. (BSE), along with four other stocks will now be part of the MSCI Global Standard Index, the index services provider announced as part of its latest rejig on Thursday, November 7.

The four other names, along with the BSE, that will be part of the Global Standard Index, include Voltas, Alkem Laboratories, Oberoi Realty and Kalyan Jewellers.

Among the five new inclusions, Voltas is expected to receive the highest inflow worth over $300 million, while BSE shares may see inflows worth close to $260 million, according to Nuvama Alternative & Quantitative Research.

Stock	Inflows (As Per Nuvama Alt.)
Voltas	$312 Million
BSE	$259 Million
Kalyan Jewellers	$241 Million
Oberoi Realty	$215 Million
Alkem Laboratories	$204 Million

Additionally, India’s largest private lender, HDFC Bank will see the second tranche of its weightage increase on the index, leading to more inflows. MSCI had announced an increase in HDFC Bank’s weightage in the earlier rejig in August, but instead of a straight one-time increase, it announced that the weightage increase will be done in two tranches.

Along with HDFC Bank, stocks like Tata Power, JSW Energy, Samvardhana Motherson, JSPL, PB Fintech and APL Apollo Tubes will also see an increase in their weightage on the Global Standards Index.

Adjusted for free float, stocks like Adani Green Energy, GMR Airports Infra, and Adani Power will see a reduction in their respective weightage.

Following adjustments, stocks like Reliance Industries, ICICI Bank, Infosys, TCS and Bharti Airtel will also see a reduction in their respective weightage.

The MSCI India Smallcap Index will also see addition of 13 stocks.

Post this rejig, India’s weight in the MSCI Emerging Market Index will go up to 19.8%.

Adjustments for the same will take place on November 25, 2024.

This is a developing story.