The change in the pecking order comes amid a sharp rally in China equities, while India has seen record foreign outflows coupled with earnings disappointment
In the early hours of Thursday, MSCI Inc. announced that it has included Alkem Laboratories, BSE, Kalyan Jewellers India, Oberoi Realty, and Voltas in its MSCI Global Standard Indexes
Kalyan Jewellers India, Voltas, and BSE were upgraded from the small cap segment to mid cap segment of the MSCI Emerging Markets Index
Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million
Indian government bonds enter JP Morgan's GBI-EM Index, expected to attract $30 billion in inflows
India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September
Indian sovereign bonds have seen about $9.5 billion of inflows into the so-called Fully Accessible Route - or FAR securities - since the JPMorgan announcement in September
With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country
As of May 13, 2024, India's weight in the MSCI Emerging Market Index stood at around 18 per cent, a considerable rise from approximately 8 per cent in early 2020
India's weightage in the index has nearly doubled since November 2020
Adani investment of Rs 15,446-crore is 2% of its total exposure
A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales
Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say
The company was listed separately on October 19, following its demerger from Piramal Enterprises
Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter
India's 12-month forward price-to-earnings (P/E) multiple is nearly double the EM pack's
The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index
The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993
From this year's peak in January, both indices are down nearly 12 per cent
While most analysts see monetary policy normalisation across the world in 2022, rate trajectories are likely to diverge across geographies, they said