MSCI Rejig: Adani Green, LIC, Coforge, Meesho shares set to enter India Standard Index; ICICI Life, PI Industries out?

Résumé détaillé

Nuvama expects Coforge, LIC, Adani Green Energy and Meesho to join the MSCI Global Standard Index in November 2026, potentially attracting about $1.7 billion in passive inflows. ICICI Prudential Life Insurance and PI Industries may be removed, with estimated outflows of $263 million.

The upcoming November 2026 review of the MSCI Global Standard Index is likely to trigger significant portfolio reshuffling, with four Indian stocks — Coforge, Life Insurance Corporation of India (LIC), Adani Green Energy and Meesho — expected to be included in the index. Meanwhile, ICICI Prudential Life Insurance and PI Industries are likely to be excluded, according to Nuvama Alternative & Quantitative Research.

The proposed changes could attract substantial foreign investment into the four potential entrants. Based on Nuvama's estimates, Coforge is expected to receive the highest passive inflows of around $653 million, followed by LIC at $498 million, Adani Green Energy at $300 million, and Meesho at $254 million.

Together, the four inclusions could attract estimated inflows of approximately $1.7 billion, or more than ₹14,000 crore. On the other hand, the exclusion of ICICI Prudential Life Insurance and PI Industries could lead to estimated outflows of around $263 million, or approximately ₹2,200 crore.

In a note reiterating its high-conviction predictions ahead of the announcement, Abhilash Pagaria, Head of Alternative & Quantitative Research at Nuvama Institutional Equities, said the MSCI November 2026 review announcement was scheduled for 12 November at around 3:30 am IST.

According to Nuvama's estimates, Coforge is expected to see the largest inflows among the potential additions, at approximately $653 million. LIC could attract around $498 million, while Adani Green Energy and Meesho may see inflows of $300 million and $254 million, respectively.

On the exclusion side, ICICI Prudential Life Insurance could witness estimated outflows of around $145 million, while PI Industries may see outflows of approximately $118 million.

The estimates are based on Nuvama's analysis. Actual inflows and outflows may vary depending on the final index weightings and how fund managers adjust their portfolios to track the revised index.

The MSCI Global Standard Index review…

The…

Début de l'article, extrait de Mint. Pour lire la suite, ouvrez l'article chez le média.