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MSCI Rebalancing Today: These stocks may see inclusion and exclusion from the list

Reported by: CNBC TV18 ·

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PI IndustriesNuvama Wealth Management

Summary

CNBC TV18 reported that MSCI's index rebalancing takes place today, with some stocks possibly added to or removed from its Global Standard Index. The outlet said that if ICICI Life Insurance is excluded, it could lead to outflows worth $143 million, and PI Industries' exclusion could lead to outflows of $118 million, as per Nuvama. MSCI is a global index provider; funds that track its indices buy and sell shares to match the index, so an inclusion or exclusion can move money in or out of a stock. Rebalancing means the periodic review where the index's list of stocks is updated. The report does not name the stocks it expects to be added. The outflow figures are Nuvama's estimates, not confirmed flows.

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CNBC TV18  · · Tone 0

MSCI Rebalancing Today: These stocks may see inclusion and exclusion from the list

In case ICICI Life Insurance is excluded from the MSCI Global Standard Index, it could result in outflows worth $143 million, while PI Industries' exclusion could result in outflows of $118 million, as per Nuvama…

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