Latest news with #MSCIIndiaStandardIndex
Mint
29-04-2025
- Business
- Mint
MSCI Rejig: Nykaa, Coromandel, Adani Energy shares likely to be included in India Standard Index; Thermax may exit
Nykaa, Adani Energy Solutions and Coromandel International shares are likely the top contenders for inclusion in the MSCI India Standard Index during its semi-annual rebalancing in May 2025. According to brokerage firm JM Financial, the expected changes could lead to significant fund flows into certain stocks. The official announcement for MSCI index rejig is scheduled for May 13, post-market hours, with changes effective from June 3. Among the expected inclusions, FSN E-Commerce Ventures, the parent company of fashion retailer Nykaa, stands out with a high probability of inclusion in the MSCI India Standard Index. The brokerage estimates potential inflows of $210 million, translating to 92 million shares, and a 12-day impact window. Nykaa share price has already seen nearly 10% gain in the past month, possibly reflecting anticipatory buying ahead of the rebalancing. Nykaa shares have rallied 20% on a year-to-date (YTD) basis. Other candidates for inclusion, albeit with low probability, are Adani Energy Solutions and Coromandel International. Adani Energy shares could see the largest inflow among the three — around $270 million, with a 10-day impact duration. Coromandel International shares may attract inflows of $200 million, covering 7.6 million shares, as per JM Financial estimates. On the exclusion front, Thermax shares are under the radar with a high probability of exclusion from the MSCI India Standard Index. The expected outflow is $120 million, impacting roughly 2.8 million shares, according to the brokerage firm. MSCI index rebalancing often prompts large passive flows from global investors tracking the index. Stocks that are added or removed can experience significant price volatility and volume surges around the announcement and effective dates. While Nykaa shares look poised for strong inflows, the inclusion of Adani Energy shares and Coromandel shares depends on factors such as free float adjustments and market cap thresholds. On the other hand, Thermax investors may brace for selling pressure if the exclusion materializes.
Economic Times
28-04-2025
- Business
- Economic Times
MSCI Rejig: Nykaa may enter standard index with $210 million inflows, Adani Energy Solutions also a candidate
Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025. The MSCI India Standard Index rejig on May 13 may see Nykaa included, attracting $210 million in passive inflows. Adani Energy Solutions and Coromandel International have lower inclusion chances, while Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The upcoming MSCI India Standard Index rejig, scheduled for May 13, is expected to bring significant changes, with FSN E-Commerce Ventures (Nykaa) likely to be included. This inclusion could attract about $210 million in passive fund inflows, according to JM Financial 's is seen as a strong candidate for inclusion in the MSCI India Standard Index, with JM Financial giving it a "high probability" of being added. The changes, which will take effect on June 3, 2025, could impact around 92 million shares, with passive inflows of up to $210 terms of performance, Nykaa shares have risen nearly 9% in the last year and gained 10.5% in the last week. Technical indicators show the stock is trading above all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 64.7, indicating the stock is neither oversold nor other stocks, Adani Energy Solutions and Coromandel International are also being considered for inclusion, though both have a "low probability" of making the cut. If added, Adani Energy Solutions could see passive inflows of around $270 million, impacting 23.9 million shares. However, the stock has fallen 12% over the past contrast, Coromandel International, which has surged 87% in the past year, could attract passive inflows of $200 million, impacting 7.6 million the flip side, Thermax Ltd is expected to be excluded from the index, potentially leading to outflows of around $120 million, with an impact on 2.8 million the past year, Thermax shares have fallen 21% and dropped nearly 9% in the last month. Technical indicators show the stock is trading below four of its eight key simple moving averages, including its 5-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 51.4, suggesting the stock is neither overbought nor oversold.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
28-04-2025
- Business
- Time of India
MSCI Rejig: Nykaa may enter standard index with $210 million inflows, Adani Energy Solutions also a candidate
Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025. The MSCI India Standard Index rejig on May 13 may see Nykaa included, attracting $210 million in passive inflows. Adani Energy Solutions and Coromandel International have lower inclusion chances, while Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The upcoming MSCI India Standard Index rejig, scheduled for May 13, is expected to bring significant changes, with FSN E-Commerce Ventures (Nykaa) likely to be included. This inclusion could attract about $210 million in passive fund inflows, according to JM Financial 's is seen as a strong candidate for inclusion in the MSCI India Standard Index, with JM Financial giving it a "high probability" of being added. The changes, which will take effect on June 3, 2025, could impact around 92 million shares, with passive inflows of up to $210 terms of performance, Nykaa shares have risen nearly 9% in the last year and gained 10.5% in the last week. Technical indicators show the stock is trading above all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 64.7, indicating the stock is neither oversold nor other stocks, Adani Energy Solutions and Coromandel International are also being considered for inclusion, though both have a "low probability" of making the cut. If added, Adani Energy Solutions could see passive inflows of around $270 million, impacting 23.9 million shares. However, the stock has fallen 12% over the past contrast, Coromandel International, which has surged 87% in the past year, could attract passive inflows of $200 million, impacting 7.6 million the flip side, Thermax Ltd is expected to be excluded from the index, potentially leading to outflows of around $120 million, with an impact on 2.8 million the past year, Thermax shares have fallen 21% and dropped nearly 9% in the last month. Technical indicators show the stock is trading below four of its eight key simple moving averages, including its 5-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 51.4, suggesting the stock is neither overbought nor oversold.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
