Swiggy, Hyundai, Waaree Energies, other stocks jump up to 8% after inclusion into London's FTSE index

The shares of several India-listed companies rallied on June 20 following their inclusion into the index provider FTSE Russell's indices. The rise in the share prices came on the back of hopes of higher order inflows, following the FTSE rejig.

Hyundai Motor India shares jumped 4 percent to trade at Rs 1,985 apiece, thus hitting their all-time high, while those of Swiggy gained 1.4 percent to trade at Rs 379 apiece. Waaree Energies shares rallied nearly 8 percent to hover around Rs 2,879 apiece, recording their biggest single-day gain in eight weeks. NTPC Green Energy surged nearly 4 percent to trade at Rs 108 apiece, while Sai Life Sciences shares rose over 1 percent.

The FTSE Index additions for June 2025 are expected to drive significant inflows, with Vishal Mega Mart being estimated to see $115 million worth of inflows. Hyundai is projected to see $56 million in flows, followed by Waaree Energies at $49 million and Swiggy at $32 million, according to Nuvama Alternative & Quantitive Research.

NTPC Green Energy is likely to bring in $22 million inflows, while OneSource, Afcons Infrastructure, SAI Life Sciences, and Inventurus Knowledge are expected to see inflows of $15 million, $9 million, $8 million, and $7 million respectively. Cumulatively, the inclusions will bring $313 million in passive flows.