Vishal Mega Mart is estimated to see inflows of $115 million, followed by Hyundai Motor India with $56 million, Waaree Energies with $49 million, Swiggy with $32 million, and NTPC Green Energy with $22 million.
1 / 10The rejig in indices of London-based Financial Times Stock Exchange (FTSE) is likely to bring solid inflows in notable stocks such as Hyundai Motor India, Vishal Mega Mart, NTPC Green Energy, Swiggy and Waaree Energies.
2 / 10The revision announcement is scheduled on June 20, with the flows expected to commence from June 23.
3 / 10According to multiple brokerages, several stocks are expected to see solid inflows as a result of these adjustments in the global index provider.
4 / 10Vishal Mega Mart is estimated to see inflows of $115 million, followed by Hyundai Motor India with $56 million, Waaree Energies with $49 million, Swiggy with $32 million, and NTPC Green Energy with $22 million.
5 / 10Afcons Infrastructure, OneSource Specialty Pharma, Sai Life Sciences, and Inventurus Knowledge will also be included in the index.
6 / 10Additionally, Reliance Industries is expected to see inflows of $57 million with an increase of 3 million shares; trading at just 0.3x its average daily volume (ADV).
7 / 10Bharti Airtel will likely get $41 million in flows with 1.4 million shares added. Mahindra & Mahindra to be weighted up with $32 million expected inflow and 0.9 million shares added.
8 / 10Power Grid Corporation will also see a $31 million weight increase, with 3.4 million shares added.
9 / 10IndusInd Bank is expecting an inflow of $12 million with 0.3 million shares.
10 / 10Inclusion or increase in weightage of a stock in global indices leads to inflows from passive funds which track that particular index. Conversely, exclusion from FTSE, MSCI and other global indices usually leads to outflows.
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