Coromandel International and FSN E-commerce Ventures, the parent company of the fashion and beauty e-tailer Nykaa, will be included in the MSCI India Index, which is part of the MSCI Global Standard Index, the global index provider said.
In its May rebalancing announced on May 14, Coromandel International and Nykaa shares were added in the Global Standard Index, while there were no deletions from the Index.
The changes will take place as of the closing of trade on May 30, 2025, MSCI said.
Upon inclusion in the MSCI Global Standard Index, Coromandel International is estimated to witness passive inflows worth $252 million, while Nykaa is expected to see inflows to the tune of $199 million, according to Nuvama Alternative & Quantitative Research,
Moreover, 12 stocks have been added to the MSCI India Domestic Smallcap Index, while 21 stocks have been removed.
Coromandel International and GMR Airports have also been included in the MSCI India domestic index, while auto components manufacturer Sona BLW Precision Forgings Ltd. has been excluded from the index.
