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flag MSCI added two Indian firms to its global index, removed IRCTC, and adjusted small-cap stocks, with $257M in estimated inflows.

flag MSCI has added Aditya Birla Capital and L&T Finance to its Global Standard Index, removing IRCTC, with changes effective February 27. flag India’s count in the index rises to 165 companies, maintaining a 14.1% weighting. flag Estimated passive inflows are $257 million for Aditya Birla Capital, $238 million for L&T Finance, and $172 million for AU Small Finance Bank, while IRCTC may see $142 million in outflows. flag In the Small Cap Index, India’s representation falls to 480 firms as 34 stocks are removed, including L&T Finance and Sterlite Technologies, and seven new ones added, such as NSDL and JSW Cement.

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