MSCI has rejigged its Global Standard Index and the changes will be effective from tomorrow.
As many as eight stocks have been added to the MSCI Standard Index while 4 have been deleted. In terms of inflows, ICICI Bank would be the biggest stock to watch out for as there is likely to be buying of close to $ 1 billion in the stock. Reliance Industries and HDFC Ltd are likely to see selling of close to $185 million and $150 million respectively.
Other stocks that are likely to see inflows are SBI Life, ICICI Pru Life, Info Edge, HDFC AMC, Siemens, Berger Paints, DLF and Colgate. Infosys, Yes Bank, TCS, Axis Bank, Indiabulls Housing, HUL and Vodafone Idea are likely to witness selling.