Accordingly,
, Adani Total Gas, , , and SBI Card will be added to the MSCI India Index while Zee Entertainment will be the sole omission.
Besides Zee, the half-yearly review of MSCI India index saw the exclusion of TVS Motors and Abbott India. These stocks have been included in the MSCI India Domestic Smallcap Index. In all, 34 stocks were included in the MSCI India Domestic Smallcap Index while five have been excluded.
A report from Edelweiss Alternative Research indicated that the rejig will see an inflow of $1.5 billion into these stocks. Adani Total Gas is expected to see most inflows at $318 million, followed by Adani Enterprises ($310 million), Adani Transmission ($285 million), SBI Cards ($237 million). ZEE Entertainment may see an outflow of $140 million due to its exclusion.
Adani Total Gas bucked the buzz of inclusion in MSCI India index, and traded 2 per cent down at Rs 1,313 on Wednesday. Adani Enterprises was flat, with marginal losses. However, Adani Transmission surged 1.5 per cent to Rs 1,214.95 in a down market.
Cholamandalam Investment shed 3 per cent to Rs 534.80, whereas Bharat Electronics gained 2 per cent to 151.40. SBI Cards gained marginally to trade at Rs 975.95.
