ICICI Direct believes these stocks will be chosen on the higher free float market cap criteria.
These stocks are likely to be included in the upcoming MSCI reviews, it added.
The half-yearly review for MSCI India will be announced on November 10, 2019, which will be applicable from December 1, 2019.
The brokerage believes these stocks will be chosen on the higher free float market cap criteria.
Insurance stocks have been the biggest gainers in the last one year with ICICI Prudential rising 45 percent and SBI Life up 68 percent. Most experts believe these stocks are expected to be in demand due to low penetration of life insurance sector in India compared to developed countries.On the other side, ICICI Direct believes due to the lower free float market cap, Indiabulls Housing Finance, and Glenmark Pharma may be excluded from the MSCI India index.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.