
Indian equities are set to see significant inflows as the MSCI November 2024 index rebalancing comes into effect today, with an expected $2.5 billion in passive foreign institutional investor flows. Key stocks such as HDFC Bank, BSE, and Voltas are likely to benefit from this rebalancing. Additionally, Kalyan Jewellers and a Tata stock are among the new additions to the index, with the Tata stock expected to see the highest inflow of $312 million. The Sensex rallied over 1,135 points, reaching 80,344.78, while the Nifty 50 jumped 370 points to 24,277. The Nifty Bank index also saw significant movement, surpassing the 50,000 mark and breaking through the 20, 50, and 100-DMA levels. The Nifty opened with a gap-up, crossing the psychological 24,000 mark and surpassing 24,200, reaching a 1-week high intraday.
#Sensex rallied over 1135 points on Monday morning as MSCI November 2024 index review came into effect from today with Indian stocks expected to attract about $2.5 billion in passive foreign institutional investor flows.
MSCI rejig today: Indian shares to see $2.5 bn inflows; THIS Tata stock to see highest inflow of $312 mn https://t.co/p118s9C8fr
MSCI Rejig Comes Into Effect Today: To Bring $2.5 Billion Of Passive Inflows, Says Nuvama All the new additions to the index, including Kalyan Jewellers, Voltas, and BSE, were trading in the green during early trade on Monday. The MSCI reshuffle, effective from Nov. 25, 2024,…

