Nykaa shares jump 3% after MSCI inclusion, $199 million inflows expected

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual review.

The inclusion is expected to trigger passive inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research.

The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. In its statement, MSCI said no deletions will take place from the Global Standard Index in this review cycle.


Nykaa was one of two Indian stocks added to the Global Standard Index, alongside Coromandel International, which is expected to see inflows of approximately $252 million, according to Nuvama.

Domestic index reshuffle

Along with the Global Standard Index changes, MSCI also adjusted its MSCI India Domestic Index. Coromandel International and GMR Airports were added, while Sona BLW Precision Forgings was removed.

Further changes were made to the MSCI India Domestic Smallcap Index, with 12 additions and 21 deletions. New entries included Acme Solar Holdings, Authum Investment, AWL Agri Business, and Godrej Agrovet, while removals included Aarti Drugs, Allcargo Logistics, and Godrej Industries. All changes will be effective post-market close on May 30, MSCI said.

Stock momentum builds

Nykaa shares have rallied nearly 20% over the last year, rising more than 12% in the past month and over 4% in the last week.

Also read | MSCI May Rejig: Nykaa, Coromandel join Global Standard Index; 12 additions in Indian Smallcap Index

The stock is trading above all eight key simple moving averages, including the 100-day, 150-day, and 200-day SMAs, indicating strong technical momentum. The 14-day Relative Strength Index (RSI) stands at 64.1. While not yet in overbought territory—defined as RSI above 70—the reading suggests that some caution may be warranted as the stock approaches that threshold.

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