Adani Energy excluded from MSCI index; Federal Bank added

Adani Energy excluded from MSCI index; Federal Bank added. MSCI has excluded Adani Energy Solutions from its latest index review, while Federal Bank and Indian Bank were added. The rebalance could trigger passive fund outflows for ADANIENT and inflows for FEDERALBNK and INDIANB. Index changes often lead to trading activity ahead of implementation.
📊 STOCKS: ADANIENT, FEDERALBNK, INDIANB | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #MSCI