SRF, Jindal Steel: Will the likely inclusion in MSCI index trigger a rally?

Shares of SBI Cards, Cholamandalam Investment, Adani Enterprises, Adani Total Gas, and Adani Tranmission surged as much as 9 per cent on the BSE on Tuesday on report that these stocks are among the 'high probability' inclusions for the MSCI Standard index in the upcoming semi-annual review of the index provider in May.
 

According to a report by IIFL Alternative Research, Jindal Steel, Voltas, SRF, Godrej Properties and Bharat Electronics are ‘medium probability’ inclusions.

Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI SmallCap index after the index provider does