Kotak Mahindra Bank to see largest inflows after MSCI rebalancing
ECONOMY & POLICY

Kotak Mahindra Bank to see largest inflows after MSCI rebalancing

Kotak Mahindra Bank is set to receive the largest inflows following the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices due to an increase in investment space for foreign portfolio investors (FPIs).

In a note, Nuvama Research said that Kotak Mahindra Bank's weighting in the index has increased by 135 basis points to 2.8%. This will result in inflows of $810 million (Rs 6,600 crore) from passive trackers. IIFL, meanwhile, projects inflows of $768 million (Rs 6,300 crore) as exchange-traded funds will have to buy 32.2 million shares of the lender due to the increased weighting.

Meanwhile, MSCI has announced three additions and as many deletions to its India index. The newly-added stocks to the index are Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings. As a result, Max Health is expected to see inflows of $280 million (Rs 2,300 crore), HAL $185 million (Rs 1,500 crore) and Sona $166 million (Rs 1,360 crore).

In addition, Adani Transmission, Adani Total Gas and Indus Towers have been removed from the index. The telecom tower company is expected to see outflows of $80 million (Rs 650 crore), according to analysts.

Also Read
Badlapur Station in Mumbai to get infrastructure upgrade
Baramulla-Uri rail link dream to be realised soon

Kotak Mahindra Bank is set to receive the largest inflows following the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices due to an increase in investment space for foreign portfolio investors (FPIs). In a note, Nuvama Research said that Kotak Mahindra Bank's weighting in the index has increased by 135 basis points to 2.8%. This will result in inflows of $810 million (Rs 6,600 crore) from passive trackers. IIFL, meanwhile, projects inflows of $768 million (Rs 6,300 crore) as exchange-traded funds will have to buy 32.2 million shares of the lender due to the increased weighting. Meanwhile, MSCI has announced three additions and as many deletions to its India index. The newly-added stocks to the index are Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings. As a result, Max Health is expected to see inflows of $280 million (Rs 2,300 crore), HAL $185 million (Rs 1,500 crore) and Sona $166 million (Rs 1,360 crore). In addition, Adani Transmission, Adani Total Gas and Indus Towers have been removed from the index. The telecom tower company is expected to see outflows of $80 million (Rs 650 crore), according to analysts. Also Read Badlapur Station in Mumbai to get infrastructure upgrade Baramulla-Uri rail link dream to be realised soon

Next Story
Infrastructure Urban

IEEMA Targets over 2X Growth in Electronics Exports within 5 Years

The electrical and electronics manufacturing sector in India aims to more than double its exports to $25 billion over the next five years. Currently, the industry exports goods worth approximately $12 billion. The Indian Electrical & Electronics Manufacturers' Association (IEEMA) is focused on expanding market access globally and positioning India as a key hub for electrical and electronics manufacturing. At Elecrama 2025 in Greater Noida, industry representatives emphasized the growing global interest in India as a reliable energy solutions provider, driven by shifts in the international su..

Next Story
Infrastructure Urban

Kerala Secures Rs 1.53 Tn Investment Proposals at Investors' Summit

Kerala secured investment proposals worth Rs 1.53 trillion from 374 companies during the two-day Invest Kerala Global Summit 2025 (IKGS). The largest commitment, amounting to Rs 300 billion, came from the Adani Group. The summit, held on February 21-22, attracted significant interest from the information technology sector, with 24 companies planning expansions through an additional investment of nearly Rs 85 billion, creating around 60,000 new jobs. A total of 66 companies submitted expressions of interest (EoIs) for investments exceeding Rs 5 billion. The summit strengthened investor confid..

Next Story
Building Material

Artson Group, Malabar Cements Team Up for Boat Manufacturing in Kerala

Artson Group, a subsidiary of the Tata Group, has partnered with Malabar Cements, a public sector undertaking, to establish a boat manufacturing unit in Kochi. A Memorandum of Understanding (MoU) was signed during the Invest Kerala Global Summit, which concluded on Saturday, for the development of this Rs 3 billion project. The initiative aims to boost industrial growth in Kochi, with the Tata Group subsidiary expressing its commitment to investing in the region. Under the agreement, a boat manufacturing unit specializing in vessels under 100 tonnes will be developed on a seven-acre plot leas..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?