MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped

Global index provider MSCI has made changes to its Global Standard Index on Tuesday, May 13, which has resulted in the inclusion of Federal Bank Ltd., MCX Ltd., NALCO Ltd., and Indian Bank Ltd.

On the flip side, MSCI has excluded RVNL, Kalyan Jewellers, Jubilant Foodworks and Hyundai Motor India from the global standard index.

India's weightage in the MSCI Standard Index will remain steady at 12.3% from 12.4% earlier, and 165 companies will continue to remain a part of it.

Potential Inflows

According to Nuvama Alternative & Quantitative Research, the inclusion of the four stocks in the MSCI Standard Index will result in potential inflows between $209 million to $491 million. Federal Bank is likely to get the highest inflow.

On the flip side, the exclusions will result in potential outflows ranging from $136 million to $281 million, with the highest outflow likely to be seen from Hyundai Motor India.

The adjustments will take place on May 29, 2026.

Weightage Changes

Apart from the additions and deletions, stocks like Adani Power, BPCL, Nykaa, Trent and Oracle Financial Services will see an increase in their weightage on the MSCI Standard Index. Nuvama Alternative sees inflows of up to $54 million for these stocks.

On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline.

The stocks mentioned above are likely to see outflows from $109 million to as high as $204 million due to these changes.

This is breaking news and will be updated with more.