Shares of IDBI Bank and Patanjali Foods rose more than 2% on February 20 after being included in the FTSE All World Index. Kotak Mahindra Bank, which joined the index after nearly nine years, was flat in the afternoon.

The inclusion and exclusion of stocks in indexes such as MSCI and FTSE are widely tracked, as many fund managers use their holdings as a benchmark. While the addition of Kotak Bank was expected, IDBI Bank and Patanjali Foods were unexpected.

According to Nuvama Alternative & Quantitative Research, Kotak Mahindra Bank could see inflows of $77 million, Patanjali Foods $28 million and IDBI Bank $12 million.

The FTSE also increased its weight on new-age stocks such as Nykaa, Delhivery and Zomato, which could see inflows of $61 million, $57 million and $15 million, respectively. All three stocks were higher in today’s session.

The Nifty Next 50 index recasting was another major announcement over the weekend. Varun Beverages, Page Industries, Canara Bank, ABB India and Adani Wilmar replaced Mphasis, Bandhan Bank, Biocon, Gland Pharma and Paytm in the index.

Varun Beverages had pro forma inflows of $35 million, up above 2.4% in today’s trading. Nuvama expects inflows of $28 million for Page Industries, $24 million for Canara Bank, $21 million for ABB India and $9 million for Adani Wilmar.