JM Financial has listed Laurus Labs and Biocon as high-probability candidates which can be moved to the MSCI India Standard Index from the Small Cap Index in the August review cycle, while Ather Energy and SAIL are medium-probability additions.
MSCI Standard Index Quarterly Review is one of the most closely watched rebalancing events of the year globally as well as for India-specific passive and quasi-passive institutional investors, the domestic brokerage said, adding that after India's weight in the MSCI Emerging Markets Index decreased drastically over the past two years, any incremental change (up or down) in the MSCI India Standard Index now carries meaningful flow implications, particularly given the significant AUM benchmarked or linked to MSCI indices globally.
