Airtel, L&T and TCS to see huge passive inflows as global indices rejig

Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn

Several domestic stocks are expected to witness inflows from exchange-traded funds (ETFs) over the next few weeks due to rebalancing of their underlying indices.

The FTSE Global Equity Index Series implemented changes to its indices last week, which will become effective March 19. According to an analysis done by Abhilash Pagaria of Edelweiss, Bharti Airtel (inflows of $65 million), Larsen & Toubro ($54 million) and Tata Consultancy Services ($46 million) along with eight other stocks will see buying by passive funds on account of an increase in their weightage.