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India's weight in the MSCI Emerging Market Index will be around 18.8 percent, marking a significant leap from just around 8 percent in early 2020.
The MSCI Global Standard Index and MSCI India Smallcap Index are expected to result in significant inflows due to adjustments that could surpass a couple of billion dollars on May 31st in the Indian equities markets. The weight of India in the MSCI Emerging Markets Index will rise from its current 18.3 percent to 19 percent.
The Nifty Auto index closed 0.22 per cent down at 23419.6.
The Nifty IT index closed 1.28 per cent down at 32386.1.
Techno Electric, Bharat Rasayan, J Kumar Infra, Jindal Stainless and WABCO India, hit their fresh 52-week highs during the day.