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HomeNewsBusinessMarketsFTSE Rejig: Indian equities likely to see $1.6 billion in passive flows; Bajaj Housing Fin, BSE, others join key index

FTSE Rejig: Indian equities likely to see $1.6 billion in passive flows; Bajaj Housing Fin, BSE, others join key index

India’s equity markets are expected to receive $1.4 billion to $1.6 billion in inflows as 14 firms join FTSE's All-World Index post-rebalancing.

March 21, 2025 / 09:31 IST
Stocks like ICICI Bank, Kotak Mahindra Bank, and Zomato received weight upgrades, while Bajaj Finance saw a weight reduction.
     
     
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    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:

    • Bajaj Housing Finance ($48.4 million)
    • 360 ONE WAM ($25.6 million)
    • CRISIL ($8.1 million)
    • Fortis Healthcare ($24.1 million)
    • Blue Star ($8.3 million)
    • Ajanta Pharma ($23.8 million)
    • Premier Energies ($22.2 million)
    • NALCO ($14.0 million)
    • IndusInd Bank ($25.5 million)
    • BSE ($10.4 million)
    • CDSL ($8.0 million)
    • Apar Industries ($5.6 million)
    • Kaynes Technology India ($6.9 million).

    Further, index constituents such as ICICI Bank, Kotak Mahindra Bank, Cipla, and Zomato received weight upgrades, which is an indicator of higher investor interest. Home First Finance, ITC Hotels, and Aditya Birla Fashion & Retail also saw positive adjustments. Meanwhile, Bajaj Finance faced a weight downgrade despite its inclusion in the All World category.

    Several major companies experienced weight upgrades, which could lead to higher inflows:

    • ICICI Bank ($426.9 million)
    • Kotak Mahindra Bank ($155.2 million)
    • Cipla ($30.4 million)
    • Zomato ($65.0 million)
    • ITC Hotels ($11.2 million)
    • Aditya Birla Fashion & Retail ($9.5 million)
    • Mankind Pharma ($16.0 million)
    • Godrej Properties ($45.0 million).

    On the other hand, Bajaj Finance (BAF) saw a weight downgrade, which could lead to outflows to the tune of $41.2 million.

    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.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Mar 21, 2025 09:30 am

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