HDFC Bank To See ₹15,812 Cr Inflows From MSCI Rejig, Says Nuvama; BSE, Voltas, Ola Electric Likely To Enter Indices
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In the forthcoming reshuffle of MSCI indices, HDFC Bank is poised to witness a significant increase in weightage, potentially attracting inflows of around $1.88 billion (around ₹15,812 crore). This reshuffle, slated for November 7, could also see the inclusion of companies like Adani Energy Solutions, Kalyan Jewellers, BSE, Alkem Labs, and Oberoi Realty in the MSCI Global Standard index, according to Nuvama Alternative & Quantitative Research.

What Happened: The upcoming MSCI indices reshuffle is expected to bring a significant increase in weightage for HDFC Bank, which could attract inflows of around $1.88 billion according to Nuvama Alternative & Quantitative Research.

Companies such as Adani Energy Solutions, Kalyan Jewellers, BSE, Alkem Labs, and Oberoi Realty are likely to be included in the MSCI Global Standard index, as per Nuvama’s research. Voltas has a small chance to be included in the index. The official announcement is expected on November 7, with adjustments scheduled for November 25.

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Adani Energy Solutions could see $306 million (around ₹2573 crore) in passive inflows, while BSE could attract $257 million (around ₹2161 crore). Oberoi Realty, Alkem, and Kalyan Jewellers India are projected to attract $218 million (around ₹1833 crore), $211 million (around ₹1774 crore), and $210 million (around ₹1,766 crore) respectively. If included, Voltas could draw in $306 million (₹2573 crore) in passive inflows, as per Nuvama’s calculations.

Meanwhile, the MSCI Smallcap index could see new inclusions like Brainbees Solutions, Ola Electric, Jyoti CNC Automation, Eureka Forbes, Aadhar Housing, PC Jewellers, JSW Holdings, and Allied Blenders, potentially garnering inflows worth up to $106 million (around ₹891 crore).

On the other hand, Fusion Finance, TCI Express, Sanofi Consumer, Hitachi Energy, and Hinduja Global may be excluded from the index, as suggested by Nuvama.

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