π MSCI India Index shakeup: Who's in and who's out? π
MSCI announced changes to the MSCI India Index, adding Lenskart Solutions and Adani Energy Solutions among others. These additions were made on Thursday, August 13, alongside the removal of SBI Cards and Astral from the main index. Nuvama Alternative Research estimates that these inclusions could bring in up to $600 million in potential inflows. Furthermore, Astral and Balkrishna Industries are being moved to the MSCI India Smallcap Index. The changes affect several stocks across different indices, leading to varied financial expectations.