Nykaa shares jump 3% after MSCI inclusion, $199 million inflows expected
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Shares of FSN E-Commerce Ventures, the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual review. The inclusion is expected to trigger passive inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research. The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. In its statement, MSCI said no deletions will take place from the Global Standard Index in this review cycle. Nykaa was one of two Indian stocks added to the Global Standard Index, alongside Coromandel International, which is expected to see inflows of approximately $252 million, according to Nuvama. Domestic index reshuffle Along with the Global Standard Index changes, MSCI also adjusted its MSCI India Domestic Index. Coromandel I...