MSCI Global Index rejig: IndusInd Bank, Tata Motors, Suzlon get added

MSCI Global Standard Index has decided to add 9 Indian stocks including IndusInd Bank, Tata Motors DVR, Suzlon Energy and One 97 Communications, according to the announcement by the index provider.

The other stocks to be added to the index include Tata Communications, APL Apollo Tubes, Macrotech Developers, Persistent Systems and Polycab India.

IndusInd Bank may attract $290 million in inflows. Suzlon might receive $264 million, Persistent Systems may see an inflow of around $258 million, One97 Communications may get around $163 million, and APL Apollo might get $227 million worth of inflows, according to a report by Nuvama Alternative & Quantitative Research.