MSCI rejig triggers $579mn passive outflow from Jubilant, Kalyan, Hyundai as India weight slips to 12.3%

MSCI's quarterly rebalance cut India's weight to 12.3% from 12.4%, sparking a 1.5% Nifty drop. Consumer-facing names took the brunt: Hyundai Motor India ($281mn outflow), Jubilant FoodWorks ($161mn) and Kalyan Jewellers ($137mn) face passive selling pressure that could weigh on near-term price action.

MSCI's quarterly rebalance cut India's weight to 12.3% from 12.4%, sparking a 1.5% Nifty drop. Consumer-facing names took the brunt: Hyundai Motor India ($281mn

NDTV Profit · 5/29/2026, 10:20:04 AM · Ask about this →

Jubilant Foodworks + Federal Bank + Hyundai Motor India + Indian Bank + Kalyan Jewellers + MCX + NALCO +