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Here are five new stock market entrants that will see $105 mn in FPI flows

Move follows addition to the FTSE index; adjustment to take place on Friday

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These five had launched their IPOs between November 2021 and January 2022.

Samie Modak Mumbai
Shares of five newly-listed companies will get added to the FTSE global indices. The adjustment, which will take place on Friday, will result in a cumulative $105 million of foreign portfolio investor (FPI) flow into the domestic market, said analysts. This is because passive funds tracking the FTSE indices will have to buy these stocks after their inclusion in the FTSE indices.

The five stocks include PB Fintech (estimated passive buying of $41 million or 4.58 mn shares); Start Health ($19 mn/2.19 mn shares), Nykaa ($30 mn/1.57 mn shares), Paytm ($18 mn/2.44 mn shares) and Adani Wilmar ($38 million/4.17 mns

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First Published: Jun 16 2022 | 9:22 AM IST

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