MSCI May 2024 Update: 13 New Additions and 3 Dropped

National

MSCI has made important adjustments to its Global Standard Index in its May 2024 review, by adding 13 new stocks. These additions include: Canara Bank JSW Energy NHPC Indus Towers Phoenix Mills PB Fintech Sundaram Finance Bosch Jindal Stainless Solar Industries Torrent Power Mankind Pharma Thermax The inclusion of these stocks is expected to result in healthy capital inflow into their shares signaling positive investor sentiment.Exclusions from the Global Standard Index Conversely three stocks have been excluded from the index: Berger Paints Indraprastha Gas Paytm MSCI or Morgan Stanley Capital International is a leading provider of equity, fixed income and hedge fund indices globally. MSCI Global Standard Index is a widely recognized benchmark for global equity markets used by institutional investors such as mutual funds, exchange traded funds or ETFs and pension funds to track the performance of their investments.


      MSCI May review expected to generate ~$2.5 billion in passive FII inflows into India.

      29 stocks, including Indraprastha Gas and Paytm, added to MSCI Smallcap Index.

      15 stocks, including Borosil and Force Motors, removed from Smallcap Index.

 

     


About MSCI

Henry Fernandez - CEO
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