Adani Total Gas, Adani Transmission and Indus Towers from the Index. The addition into the index is expected to result in inflow of $195 million for Hindustan Aeronautics Ltd, $295 million for Max Healthcare and $175 for Sona BLW, as per Nuvama Alternative & Quantitative Research.
Also, an outflow of $201 million for Adani Transmission, $186 million for Adani Total Gas and $84 million from Indus Towers can be expected.
The MSCI India Standard Index is tracked by certain index funds and exchange-traded funds (ETFs) as a benchmark. MSCI has also rejigged its India Small Cap index.
It has included ACE, Bikaji Foods, Fusion Micro Finance, IRCON, KFin Technologies, Kaynes Technology, Maharashtra Seamless, NMDC Steel, Religare Enterprises, RVNL, Syrma SGS Technology and Ujjivan Small Finance Bank in MSCI India Small Cap Index.