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On a like-to-like basis, consumption in 2023-24 grew 8% from a year ago. This excludes consumption from the recently launched malls, Phoenix Citadel Indore, Palladium Ahmedabad, Phoenix Mall of the Millennium, Phoenix Mall of Asia, and is adjusted for the closure of Lifestyle block at Phoenix Palladium from May 2023.
Canara Bank Ltd., Voltas Ltd., and Oil India Ltd. are among the 18 stocks slated to be added to the MSCI's India Index during the rebalancing announcement scheduled for after market hours on May 14, according to JM Financial Institutional Securities.
The brokerage expects that these changes will result in an inflow of approximately $2.7 billion into the index.
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