MSCI rejig to trigger $350 mn ETF inflows after adjustments, say analysts

Three Adani group among six stocks added to the Global Standard Index

Global index provider MSCI has included six new domestic stocks to the Global Standard Index, a move that will result in inflows of $350 million from exchange traded funds (ETFs).

Adani Total Gas, Adani Enterprises and Adani Transmission are among the six stocks added to the index, which is tracked by schemes with assets under management of $50 billion.

SBI Cards, Cholamandalam Investment and Bharat Electronics are the other three stocks. Meanwhile, Zee Entertainment has been removed from the index and is added to the MSCI India Domestic Small Cap index.

Abhilash Pagaria, analyst at Edelweiss Alternative Research said the