MSCI Rejig: 2 Adani Group firms fall ahead of exit from global standard index

Shares of Adani Transmission and Adani Total Gas fell ahead of their exit from MSCI Global Standard index, which will result in outflows of $189m and $167m, respectively. The exit of Indus Towers is also expected to result in outflows of $84m. Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings will be entering the index, with Zomato’s weight increasing, likely triggering inflows of $63m and adding 77 million shares.