NMDC, GMR Airports, Union Bank, BHEL, and PNB secure spots in MSCI Global Standard Index in February 2024 review

MSCI’s quarterly review for February 2024 unveils new additions and increased weights in the Global Standard Index, surprising analysts with GMR Airports’ inclusion. The adjustments also see higher weights for Zomato, DLF, MRF, Hindalco, Interglobe Aviation, Dr Reddy’s, Hero Motocorp, HDFC AMC, Lupin, Astral, One97 Communications, and Bandhan Bank. Calculations suggest India might witness over $1.2 billion FII passive inflow on February 29. MSCI’s Small Cap index reveals 27 additions and six deletions, reshaping India’s representation to over 18.2 percent in the MSCI EM Index, a historic high. The next MSCI review in May eyes Canara Bank, NHPC, and Jindal Stainless for potential inclusion in the MSCI Standard index.