India likely to see $1.4-bn inflows as 14 stocks, including IndusInd Bank, BSE, set to join FTSE index

FTSA

India will likely receive $1.4 billion in net equity inflows as 14 India-listed stocks are set to be included in the FTSE All-World Index, IIFL Capital said. This comes as the global index provider FTSE (Financial Times Stock Exchange) on February 21 announced the list of stocks included in the March 2025 Semi-Annual Review of its Global Equity Index Series, which will be effective March 21.

The stocks which are set to be added to the FTSE include 360 ONE WAM, Ajanta Pharma, Apar Industries, Bajaj Housing Finance, Blue Star, BSE, Central Depository Services (India), Crisil, Fertilisers and Chemicals Travancore, Fortis Healthcare, IndusInd Bank, Kaynes Technology India, National Aluminium, and Premier Energies.

Bajaj Housing Finance is set to see strong inflows at nearly $48.4 million, as per IIFL Capital. BSE is also set to see strong inflows of $30.8 million after the rejig, it added.

The shares of the companies named in the list saw strong volatility on February 24. 360 One WAM shares were trading 1.48 percent higher at Rs 996 per share, as seen at 10.47 am. Bajaj Housing Finance and Ajanta Pharma shares were also trading in the green with minor gains. Most of the other stocks however were trading in the red. IndusInd Bank shares were down 1.44 percent to trade at Rs 1,028 apiece, while those of Premier Energies were trading over 2 percent lower at Rs 952 apiece.

(With inputs from CNBC-TV18)