With five additions and no exclusions, India's stock count in the MSCI Emerging Markets (EM) Index will rise to 156, increasing its representation from 19.3% to 19.8%.
As China opens up from Covid curbs, the commodity world order, especially steel, aluminium and pharma, is set to change globally, as well as in India.
MSCI has lowered the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission, and ACC, while free floats of remaining companies have been kept unchanged.
Indian equity markets have witnessed upswing post the U.S. and Bihar elections, and improved risk sentiment has invited higher capital flows.
