En kommande ombalansering av MSCI-index kan styra omkring 2,3 miljarder dollar i passiva investeringsflöden till indiska aktier. Den globala indexleverantören planerar att tillkännage ändringarna efter marknadens stängning den 12 augusti.
Flera indiska aktier övervägs för inkludering i MSCI India Standard Index. Justeringarna kommer att påverka indexnära börshandlade fonder och värdepappersfonder.
Ombalanseringen är planerad att träda i kraft för portföljer den 31 augusti.
Indian stock markets saw a sharp selloff on Friday as Sensex and Nifty fell more than 1 percent. The decline was driven by passive fund flows tied to MSCI index reshuffles.
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Foreign investors bought Indian financial stocks worth more than 14,000 crore rupees in the second half of June. The purchases marked their highest level in the sector during that period and turned overseas investors into net buyers of Indian equities.
Global investors cut their holdings in India's financial services sector during the second half of May, though at a slower pace than earlier in the month. They sold shares worth ₹5,181 crore in the period. FPIs stayed net sellers overall despite inflows into other areas.
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India's stock market value has crossed the 5 trillion dollar mark. This development has returned the country to the sixth position globally.