FSN E-Commerce (Nykaa), Adani Energy Solutions, and Coromandel International are in the running to enter the MSCI India Standard Index this June.
The deets: global index provider MSCI will announce changes on May 13, with adjustments kicking in from June 3.
Per JM Financial, Nykaa has the highest chance of making the cut, followed by Adani Energy Solutions and Coromandel. Thermax could get dropped.
If things go as predicted, Adani Energy could see inflows of ~$270 million, Nykaa ~$210 million, and Coromandel ~$200 million.
Why it matters: when a stock gets added to an MSCI index, global funds and ETFs that track the index must buy that stock to match the index weight, bringing new money (inflows) into the stock.
Background: in the February 2025 rejig, around $1 billion of passive flows entered Indian equities, with Zomato, Mankind Pharma, and Dixon Technologies among the new entrants.
