IndusInd Bank, Paytm, Suzlon, and 6 Others to Join MSCI Standard Index

IndusInd Bank, Paytm, Suzlon, and 6 Others to Join MSCI Standard Index

Global index provider MSCI has announced that it will include nine Indian stocks, including IndusInd Bank, Paytm, Tata Motors, and Suzlon Energy, into its widely-tracked Standard Index. This decision comes as part of the quarterly rebalance. The changes to the Standard and Smallcap indices are expected to bring in inflows of approximately $1.5 billion. MSCI indices are closely monitored globally, with many passive funds replicating their portfolios based on the weightages of the stocks in the indices.

Tags: , , ,

TIS Staff

wp_ghjkasd_staff

Leave a Reply

Your email address will not be published. Required fields are marked *