Nykaa, Coromandel International to Join MSCI Global Standard Index; Over $400 Million in Passive Inflows Expected

MSCI has announced inclusion of FSN E-Commerce Ventures (Nykaa) and Coromandel International in its Global Standard Index, after the close of trade on May 30, 2025. The inclusion is set to draw massive passive fund inflows of $199 million for Nykaa and a maximum of $252 million for Coromandel International by index-tracking funds. Both stocks came back strongly on the news, which is a sign of healthy investor sentiments. No firms were removed from the index during this reshuffle. The update also involved inserting GMR Airports into the MSCI India Domestic Index and deleting Sona BLW Precision Forgings. This review by MSCI reflects greater global investor focus on India's beauty retail and agri-solutions sector as the country's weightage in the index has gone up to 19.4%.

 

Source: Economic Times, Business Standard, Moneycontrol