- MSCI February 2026 index changes will be announced Wednesday, effective Feb 27, 2026
- Aditya Birla Capital and L&T Finance expected to join the index with large inflows
- Indian Railway Catering and Tourism Corp likely to be excluded with $148 million outflow
The MSCI February 2026 index rejig is scheduled to be announced Wednesday early morning, with the adjustment date set for Feb. 27, 2026. The rebalancing plays a key role in determining passive fund flows into Indian equities, as changes in the index influence foreign portfolio investors' allocations, impacting liquidity and stock valuations.
Among the major expected inclusions, Aditya Birla Capital Ltd. and L&T Finance Ltd. are expected to enter the index with estimated flows of $270 million (Rs 2,447 crore) and $245 million (Rs 2,221 crore) respectively, both representing significantly high multiples of their average daily volume. Federal Bank Ltd. appears as a borderline inclusion, backed by a substantial projected flow of $454 million (Rs 4,117 crore).
Several stocks are expected to see weight upgrades in the upcoming rejig. AU Small Finance Bank Ltd., JSW Steel Ltd., Nykaa parent FSN E-Ventures Ltd., and Vishal Mega Mart Ltd. may fall into this category, with likely inflows ranging from $23 million (Rs 208 crore) to $172 million (Rs 1,560 crore), each showing strong demand relative to their ADVs.
On the exclusion side, Indian Railway Catering and Tourism Corp. is expected to be excluded with an outflow of $148 million (Rs 1,341 crore). Astral Ltd. is flagged as a borderline exclusion, with estimated outflows of $161 million (Rs 1,459 crore) — both exhibiting high flow-to-ADV multiples that support the likelihood of their removal.
ALSO READ: Stock Picks Today: BSE, Lenskart, Zydus Life, Navin Fluorine And More On Brokerage Radar
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
