Home / Business and Economy / MSCI Adds Four Indian Stocks, Expects $1 Billion in Inflows
MSCI Adds Four Indian Stocks, Expects $1 Billion in Inflows
8 Aug
Summary
- MSCI to add Vishal Mega Mart, Swiggy, Hitachi Energy, and Waaree Energies to its index
- Potential inflows of $1 billion expected for the new additions
- Eternal to see outflows of up to $607 million due to weight reduction

According to the news article, on August 8, 2025, the global index provider MSCI has decided to add four Indian stocks to its flagship MSCI Global Standard index. The new additions include retailer Vishal Mega Mart, online delivery platform Swiggy, Hitachi Energy India, and Waaree Energies.
The inclusion of these stocks in the MSCI index is expected to attract significant passive fund inflows, potentially totaling around $1 billion. Specifically, Swiggy is anticipated to receive inflows worth up to $289 million, while Vishal Mega Mart can expect $258 million in passive fund flows. Hitachi Energy India and Waaree Energies are also likely to draw $230 million and $233 million, respectively, in inflows.
However, the changes are not limited to additions. MSCI has also announced the removal of two Indian stocks, Sona BLW and Thermax, from the index. Additionally, the index provider will reduce the weight of Eternal, a rival of Swiggy, in the flagship index, leading to outflows of up to $607 million. This weight reduction is expected due to Eternal's proposal to convert to an Indian-owned and controlled company, capping foreign ownership at 49.5%.
The MSCI index is widely used by global investors, with around $16.9 trillion of assets under management benchmarked to its equity indexes. The upcoming changes in the Indian stock composition of the MSCI Global Standard index are set to take effect as of the close of August 26, 2025.