On the MSCI on November 11, proclaimed new additions to its global standard catalogues as part of its semi-annual quarterly index review for the Asia Pacific. For India, there are no deletions for including the six stocks on the list. The additions include ABB India, Bajaj Holdings, Indian Hotels, Tube Investment, TVS Motor and Varun Beverages.
These changes will be effective 30 November. As per the Nuvama Alternative & Quantitative Research, $226 million inflow is calculated for Tube Investments, $225 million for the Indian Hotels, $204 million for Varun Beverages, $192 million for TVS Motor, $144 million for Bajaj Holdings and $129 million for ABB India.

This is an indication of a cumulative inflow of $1 billion after the addition of these stocks to the list. Considering the domestic index, MSCI has excluded pr deleted Power Finance Corp, whereas the additions include- ABB India, Adani Power, Ashok Leyland, Astral, AU Small Finance Bank, Indian Hotels, Tata Elxsi, Trent, Tube Investment, TVS Motor Company and Varun Beverages.

The Additions made are Apar Industries, Arvind Fashions, Astec Lifesciences, Barbeque Nation, BLS International, Borosil, CMS Info Systems, Craftsman Automation, Data Patterns India, Elecon Engineering, Elgi Equipments, Fineotex Chemical, Garden Reach Shipbuilders, Himadri Speciality Chemicals, Hinduja Global Solutions, Hindustan Foods, Ingersoll-Rand India, JK Tyre & Industries, Kennametal India, Kirloskar Ferrous Ind, Kirloskar Oil Engines, KRBL, La Opala, Latent View Analytics, LT Foods, Meghmani Finechem, Mirza International, Neogen Chemicals, Paradeep Phosphates, PC Jeweller, Power Finance Corp, Rainbow Children’s Medicare, Rajratan Global Wire, Reliance Infrastructure, RITES, Rolex Rings, Safari Industries, Sansera Engineering, Tarsons Products, Tata Coffee, Tatva Chintan Pharma, VRL Logistics, West Coast Paper Mills.

“One or two months post the rebalance, the average of 60% of the times stocks have been settled with losses. It is witnessed that most bets are done through pre-emptive bets only,” as per the Nuvama Alternative & Quantitative Research.

Besides, MSCI disclosed the dates for February 2023 quarterly index review. The declarations will be made on 9 February 2023; similarly, the adjustments will be made on 1 March 2023.