MSCI rejigs India index
MSCI rejigs India index
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The leading global player MSCI in capital market indexes has twisted its India index, creation four accompaniments and three deletions.

The additions are Bajaj Finance   , Havells , Titan  and Yes Bank while deletions are Reliance Communication , REC   and United Breweries   .

Analysts say the changes to the benchmark -- which is closely tracked by portfolio managers around the world wanting to invest in Indian stocks -- could result in inflows of USD 102 million, USD 72 million, USD 98 million and USD 95 million for Bajaj Finance, Havells, Titan and Yes Bank respectively.

The rejig also includes free institutional float adjustments for companies like Tata Motors   and HUL, which could see inflow and outflow of USD 242 million and USD 97 million, respectively

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