Adani Group Shares May Witness a Dip in the Next Few Days: Morgan Stanley Capital International (MSCI) India Standard Index is set to undergo some changes from Wednesday, June 31. As a result of this change, three stocks will be removed from the index, while three new stocks will be included. Two of the stocks that will be removed from the index are from the Adani Group, namely Adani Transmission and Adani Total Gas. This change is expected to affect many passive funds that invest in shares based on the MSCI index.
Adani Group Shares Could See an Exit of Rs 4,136 Crore: According to a report from research firm Nuvama, the removal of Adani Transmission and Adani Total Gas from the MSCI index could lead to an outflow of approximately Rs 4,136 crore (USD 35 million). This change is likely to affect the portfolios of many passive funds that invest in shares based on the MSCI index.
Other Stocks Affected by the MSCI Index Changes: Along with the Adani Group, Max Healthcare, Hindustan Aeronautics (HAL), and Sona BLW Precision will be included in the MSCI index. According to Nuvama’s report, Max Healthcare’s inclusion in the index is expected to bring in the highest amount of approximately Rs 31.2 crore (USD 4.2 million) followed by HAL and Sona BLW Precision with an expected inflow of Rs 19.6 crore (USD 2.6 million) and Rs 17.1 crore (USD 2.3 million), respectively.
Impact on Adani Group Shares: As many passive funds invest based on the MSCI index, the removal of Adani Transmission and Adani Total Gas from the index could lead to a significant outflow of approximately Rs 4,136 crore (USD 35 million) from these two stocks. However, it is important to note that the impact of this change may not be permanent and could be offset by other factors.
Conclusion: The changes in the MSCI India Standard Index are likely to have a significant impact on the portfolios of many passive funds that invest in shares based on the index. While the Adani Group may witness a dip in their shares due to the removal of Adani Transmission and Adani Total Gas from the index, other stocks like Max Healthcare, HAL, and Sona BLW Precision are expected to see a positive impact with their inclusion in the index.
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