Four Indian stocks added, four removed from MSCI index

In its May 2024 index reshuffle, MSCI added four Indian stocks and removed four others, effective June 3. Additions include ADANIPORTS, HCLTECH, ICICIBANK, and AXISBANK, while deletions feature LT, TCS, NTPC, and ULTRACEMCO. The move may trigger passive fund inflows into added stocks and outflows from excluded ones. Index rebalancing impacts foreign portfolio investment flows in the near term.

📊 STOCKS: ADANIPORTS, HCLTECH, ICICIBANK, AXISBANK | 🏢 SECTOR: Indices | #MEDIUMIMPACT #MSCI