The domestic equity markets are likely to see inflows between $1.4 billion to $1.6 billion after close today, March 21, as 14 firms make it to the global index provider FTSE's All-World Index following the latest rebalancing. The changes are expected to come into effect following the market close later today.
Several companies have been migrated to the FTSE All World Index, including Bajaj Housing Finance, CRISIL, Fortis Healthcare, and BSE. Nexus Select Trust has been removed from the index, with an estimated outflow of $54.6 million.
Here's a look at all the additions, along with the likely inflows, according to IIFL Securities:
Several major companies experienced weight upgrades, which could lead to higher inflows:
JSW Holdings, Sanofi Consumer Healthcare India, Gland Pharma, Pricol, and Brookfield India Real Estate Trust were among those added to the FTSE All Cap segment. Other additions include Triveni Engineering, Shilpa Medicare, and Raymond Lifestyle.
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