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