Voltas, BSE among 5 stocks to be added to MSCI Global Standard Index
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Fresh Faces
Around five new stocks are to be added to the MSCI Global Standard Index in the November 2024 rejig. The adjustments are expected to happen on November 25.
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Voltas
Voltas is expected to receive $312 million inflow after its addition to the index.
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BSE
Bombay Stock Exchange is expected to receive $259 million inflow after its addition to the index.
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Kalyan Jewellers India
Kalyan Jewellers India is expected to receive $241 million inflow after its addition to the index.
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Oberoi Realty
Oberoi Realty is expected to receive $215 million inflow after its addition to the index.
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Alkem Laboratories
Alkem Laboratories is expected to receive $204 million inflow after its addition to the index.
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Reduction in weight
Three stocks are expected to experience reduction in their weight in the index. These three stocks include — Adani Green Energy, GMR Airports Infra, and Adani Power.
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Increase in weight
Around seven stocks are expected to experience an increase in their weight in the index. These seven stocks include HDFC Bank, Tata Power, JSW Energy, Samvardhana Motherson, Jindal Steel & Power, PB Fintech, and APL Apollo Tubes.