Vishal Mega Mart, Waaree Energies, two others make it to MSCI India index; Details here

Shares of Vishal Mega Mart Ltd., Swiggy Ltd., Waaree Energies India Ltd. and Hitachi Energy India Ltd. have made it to the MSCI India index, which is part of the MSCI Global Standard Index by the end of this month, the global index provider said in a statement in the early hours of August 8.

Two other names, Sona BLW Precision Forgings Ltd. and Thermax Ltd. have been dropped from the India index, MSCI said.

According to IIFL Alternate Desk, the inclusion of Vishal Mega Mart and three others in the MSCI Standard Index could result in inflows of up to $258 million, while the exclusion of Sona BLW could result in outflows to the tune of $163 million.

As many as 15 stocks, including Zinka Logistics, Transrail Lighting, among others have been included in the MSCI Smallcap index. Sona BLW and Thermax, which were dropped from the Standard index, have been moved to the Smallcap one. Here is a look at that list:

Among these names, Thermax and Sona BLW will see inflows to the tune of $30 million and $40 million respectively, while Nexus Select Trust will see inflows of up to $25 million. The other names will see inflows between $4 million to $14 million.

Six stock, Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation, MSTC and Protean e-Gov Technologies have been excluded from the Smallcap index.

Among the exclusions, Bharat Dynamics could see outflows to the tune of $31 million, while the other names can see outflows between $2 million to $5 million, according to IIFL Alternate.

Within the Standard Index, the weightage of CG Power has been increased, which could result in inflows worth $55 million, according to IIFL Alternate, while that of Asian Paints, Eternal, JSPL and Havells India has been trimmed.

The rebalancing of flows in these stocks will take place on August 26, MSCI's statement said.