INDUSIND BANK IS SET TO GAIN A HIGHER WEIGHT ON THE MSCI INDEX
News: IndusInd Bank is set to gain a higher weight on the MSCI index in February’s rebalancing, driven by a reduction in foreign portfolio investor (FPI) holdings. FPIs reduced their stake from 55.53% in September to 46.63% in December, enhancing foreign headroom at 25%. The rebalancing is expected to bring inflows of ₹2,000–2,400 crore, boosting investor sentiment.
Views: MSCI index rebalancing is likely to drive positive sentiments among investors and may result in a short-term rise in valuation, though asset quality trend, amid exposure to MFI segment, to remain in focus.
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