The upcoming November 2026 review of the MSCI Global Standard Index is likely to trigger significant portfolio reshuffling, with four Indian stocks — Coforge, Life Insurance Corporation of India (LIC), Adani Green Energy and Meesho — expected to be included in the index. Meanwhile, ICICI Prudential Life Insurance and PI Industries are likely to be excluded, according to Nuvama Alternative & Quantitative Research.
The proposed changes could attract substantial foreign investment into the four potential entrants. Based on Nuvama's estimates, Coforge is expected to receive the highest passive inflows of around $653 million, followed by LIC at $498 million, Adani Green Energy at $300 million, and Meesho at $254 million.
Together, the four inclusions could attract estimated inflows of approximately $1.7 billion, or more than ₹14,000 crore. On the other hand, the exclusion of ICICI Prudential Life Insurance and PI Industries could lead to estimated outflows of around $263 million, or approximately ₹2,200 crore.
In a note reiterating its high-conviction predictions ahead of the announcement, Abhilash Pagaria, Head of Alternative & Quantitative Research at Nuvama Institutional Equities, said the MSCI…