 "equity market, stocks, share market")
A handful of domestic stocks could see a churn to the tune of $1.6 billion (Rs 13,000 crore) on account of semi-annual index rebalancing (SAIR) of the MSCI India index. The rebalancing is scheduled to take place on Friday and the changes will come into effect after the close of trade on November 30.
According to analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma, about seven stocks are in the reckoning to get added to the index, which is tracked by funds with assets of around Rs 1 trillion. These include Varun Beverages, Tube Investments and Indian Hotels.
