Kotak Mahindra Bank to see largest inflows after MSCI rebalancing

16 May 2023 CW Team

Kotak Mahindra Bank is set to receive the largest inflows following the quarterly rebalancing announced by MSCI. The index provider has increased the weighting of the private sector lender in its indices due to an increase in investment space for foreign portfolio investors (FPIs).

In a note, Nuvama Research said that Kotak Mahindra Bank's weighting in the index has increased by 135 basis points to 2.8%. This will result in inflows of $810 million (Rs 6,600 crore) from passive trackers. IIFL, meanwhile, projects inflows of $768 million (Rs 6,300 crore) as exchange-traded funds will have to buy 32.2 million shares of the lender due to the increased weighting.

Meanwhile, MSCI has announced three additions and as many deletions to its India index. The newly-added stocks to the index are Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings. As a result, Max Health is expected to see inflows of $280 million (Rs 2,300 crore), HAL $185 million (Rs 1,500 crore) and Sona $166 million (Rs 1,360 crore).

In addition, Adani Transmission, Adani Total Gas and Indus Towers have been removed from the index. The telecom tower company is expected to see outflows of $80 million (Rs 650 crore), according to analysts.

Also Read
Badlapur Station in Mumbai to get infrastructure upgrade
Baramulla-Uri rail link dream to be realised soon

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..