Nykaa share price gains over 3% following inclusion in MSCI Global Standard Index; inflows worth $172 million expected
Nykaa share price jumped over 3% after global index provider MCSI announced the stock’s inclusion in its Global Standard Index. Nykaa shares rallied as much as 3.44% to ₹204.35 apiece on the BSE.
FSN E-commerce Ventures, the parent company of the fashion and beauty e-tailer Nykaa, has been added to the MSCI India Index, a component of the broader MSCI Global Standard Index. The inclusion was part of MSCI’s May index rebalancing, announced on May 14.
In addition to Nykaa, Coromandel International has also been added to the index. However, Coromandel shares declined over 4% during Wednesday’s trading session.
MSCI stated that no deletions were made from the index in this review. The changes will be effective from the close of…
