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May 13, 2026, 03:14:14 PM IST
Global index provider MSCI will add four Indian stocks to its widely tracked Global Standard Index as part of its rejig announced on Wednesday, which will take effect from May 29. These four stocks will cumulatively see inflows worth around $1,381 million following their additions to the index, according to Nuvama Institutional Equities. The periodic review also announced four exclusions from the index, as well as several changes to the weights the stocks hold in the index.
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Federal Bank will likely see the highest inflows among the pack, at around $491 million following the addition to the MSCI Standard Index, Nuvama said. The shares of the private lender have declined more than 3% in one week and around 2% in one month. The stock has gained over 6% in 2026 so far and 43% in one year. In the longer term, the bank's shares jumped 125% in three years and 247% in five years.
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Multi-Commodity Exchange of India (MCX) shares will also be added to the global index. The stock will likely see $373 million in inflows following the inclusion, as per Nuvama. The shares of the exchange have jumped over 8% in one week and more than 16% in one month. The stock is up over 46% in 2026 so far. In the longer term, MCX shares have jumped 171% in one year, 1,084% in three years and 933% in five years.
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The shares of National Aluminium Company (NALCO) will likely see inflows worth $308 million after their addition to the MSCI Standard Index, Nuvama said. The shares of the metal major have declined by over 2% in one month, but gained around 30% in 2026 so far. The stock rallied 148% in one year, 400% in three years and 446% in five years.
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Indian Bank shares will also be added to the global index. The stock may see inflows worth $209 million following the inclusion, as per Nuvama. The shares of the bank have fallen around 6% in one week, over 15% in one month and 2% in 2026 so far. The stock, however, rose 41% in one year, 182% in three years and 536% in five years.
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Which stocks will be removed?
The shares of Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers India and Rail Vikas Nigam Limited (RVNL), meanwhile, will be excluded from the index and will likely see outflows worth $715 million, according to Nuvama.
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