IndusInd Bank, Suzlon, Paytm likely top entrants of MSCI global index

In the upcoming November 2023 rejig of the Morgan Stanley Capital International (MSCI) Global Standard Index, market experts anticipate the addition of IndusInd Bank, Suzlon Energy, One 97 Communications, APL Apollo and Persistent Systems along with others.

According to a research report by Nuvama Alternative & Quantitative Research, IndusInd Bank could become a potential entrant with an approximate flow of $290 million. The list also includes Suzlon Energy, Persistent Systems, APL Apollo with flows of $260 million, $258 million and $227 million, respectively.

Meanwhile, Nuvama does not expect any exits from the global index.

The MSCI Rejig is scheduled to be announced on November 15, around 3:30 p.m. The global cut off period spans from October 18th to 30th, the note mentioned.

For the MSCI Smallcap Index, Nuvama expects 24 new entrants such as Gokaldas Exports and SJVN will flows of about $7 million, followed by Hindustan Construction, PTC India and Gateway Distriparks with flows of $5 million.

Suzlon Energy, Persistent Systems, APL Apollo Tubes, Jindal Stainless and Dalmia Bharat are the top exits among a total of 12 companies from this index.