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MSCI added 40 stocks to its Global Smallcap Index and removed 11. India has seen the maximum addition of stocks in the Global Smallcap Index within the Asia-Pacific region. Mrs Bector's Food, Neuland Laboratories, and Patel Engineering are among 40 stocks that will be part of the MSCI Global Smallcap Index with effect from August 31.
RIL may see $130 million in outflows. It would be followed by ICICI Bank ($78 million) and Infosys ($77 million). HDFC Bank ($58 million) and TCS ($53 million) would be two other stocks seeing over $50 million in outflows.
MSCI said it welcomes feedback from all market participants and investors on these issues and will communicate further as necessary or appropriate.
Cummins India, HDFC Asset management, IDFC First Bank, Supreme Industries and Astral are other stocks that are likely to see strong inflows on MSCI inclusion.
The ace investor says he's bullish on infrastructure and public sector banks