MSCI has announced the inclusion of four Indian companies in its Global Standard index, a move expected to draw a combined $1 billion in passive inflows. The new constituents are Vishal Mega Mart, Swiggy, Hitachi Energy India, and Waaree Energies, while Sona BLW and Thermax will be removed, the index provider said in a statement dated August 7, as reported by Reuters. The changes will take effect after market close on August 26. According to estimates from IIFL Alternate Desk, Swiggy could see inflows of about $289 million, Vishal Mega Mart $258 million, Hitachi Energy $230 million, and Waaree Energies $233 million. MSCI indices are widely tracked benchmarks for global investors, with roughly $16.9 trillion in assets under management linked to them. The index provider also announced changes to its Global Smallcap index, adding 15 Indian firms and removing six.
