Coromandel International shares rose 1.3 per cent on Wednesday, while that of Nykaa ended 0.2 per cent lower after seeing an initial spurt
Retailer Nykaa and fertilizer maker Coromandel International will be included in the MSCI India index later this month, according to the latest review by global index provider MSCI.
Coromandel International is set to see inflows worth $252 million, while FSN E-Commerce may see inflows of $199 million, estimates from Nuvama Alternative & Quantitative Research suggest.
Coromandel International shares rose 1.3 per cent on Wednesday, while that of Nykaa ended 0.2 per cent lower after seeing an initial spurt.
“Paytm missed out, failing to meet qualification criteria on the third day, which happened to be the cut-off this time around. Despite the miss, we believe Paytm will stay on the radar of hedge funds, especially with an eye toward the August review. A flip in sentiment could bring it back into focus,” said the research firm.
MSCI has announced its index changes, set for adjustment on May 30 during the final 30 minutes of trade. India is expected to witness passive FII inflows of nearly $200 million following this rejig, according to estimates by Nuvama suggest.
India continues to hold its position as the second-largest country weight in the MSCI EM Index, maintaining a weight close to 19.5 per cent.
Published on May 14, 2025
