MSCI Rejig Set to Redirect Foreign Flows Toward Coforge, LIC as PI Industries Faces Outflows
MSCI’s latest index reshuffle, effective November 30, is expected to alter foreign portfolio flows into Indian equities and marginally lift India’s weight in the MSCI Emerging Markets Index. Market participants say Coforge and Life Insurance Corporation of India are among the likely beneficiaries, while PI Industries could face selling pressure as index-tracking funds rebalance holdings. The changes matter because passive flows often move ahead of implementation and can temporarily influence liquidity, valuation and near-term stock performance.
