Fortis, Siemens, Paytm added to MSCI India index
after close1 source ↓written by the desknot a recommendation
- market close
- 24 Nov 2023
- in passive fund
- $1.46 billion
- 30 stocks removed
MSCI has added Fortis Healthcare, GE Vernova T&D India, Paytm, and Siemens Energy India to its Global Standard Index, effective from market close on 24 Nov 2023. This change is expected to attract nearly $1.46 billion in passive fund flows into these stocks, significantly impacting their liquidity and market positioning.
The index adjustments also include changes to the India Small Cap Index, with 30 stocks removed and six added. These shifts highlight the ongoing evolution of market benchmarks, influencing investment strategies across sectors.
Not investment advice. For informational purposes only.