Adani Energy, Oberoi Realty, BSE could join MSCI Global

Mumbai: Adani Energy Solutions, Kalyan Jewellers, Oberoi Realty, BSE, and Alkem Laboratories are likely to be included in the MSCI Global Standard Index, according to Nuvama Alternative & Quantitative Research. Voltas also has a ‘borderline’ chance of being added, added Nuvama.

MSCI is expected to make a formal announcement of the index rejig on November 7, with adjustments scheduled for November 25.

With foreign institutional investor headroom in HDFC Bank remaining above 20% in the quarter ended September, India’s largest private-sector bank is set to attract an additional $1.8 billion in foreign inflows.

Agencies

Adani Energy Solutions could see an inflow of $306 million from passive investors if included in the MSCI index, while BSE is likely to attract $257 million. Oberoi Realty, Alkem Laboratories, and Kalyan Jewellers are expected to bring in $218 million, $211 million, and $210 million, respectively, if included, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research.

Stocks such as Brainbees Solutions, Ola Electric, Jyoti CNC Automation, Anthem Investment, Signature Global, Eureka Forbes, and Aadhar Housing, among others, are expected to be included in the MSCI Small Cap Index, Nuvama said.