Likely MSCI inclusion for India's Nykaa, Adani Energy in May rejig, says JM Financial

India's Nykaa FSNE.NS, Coromandel International CORF.NS and Adani Energy Solutions ADAI.NS likely to enter MSCI India Standard index in May rebalancing, says JM Financial

FSNE has high probability of inclusion, while CORF and ADAI have low probabilities

Thermax THMX.NS likely to be excluded from the index as part of rebalancing

Index provider MSCI to announce rejig on May 13, post market hours. Changes to be effective from June 3

Rejig could lead to inflows between $200 million and $270 million each into CORF, FSNE and ADAI

CORF, FSNE and ADAI up 0.6%, 0.9% and 1.9%, respectively on the day; THMX flat