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Brokerages see outflows from Maruti after MSCI exclusion
February 14, 2013 / 12:11 PM / 5 years ago

Brokerages see outflows from Maruti after MSCI exclusion

Reuters Market Eye - Deutsche Bank and Citi expect $31.8 and $45.1 million in outflows from Maruti Suzuki(MRTI.NS) after MSCI announced it was dropping Maruti from its MSCI Global Standard Indices.

A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in the western Indian state of Gujarat October 30, 2012. REUTERS/Amit Dave/Files

Maruti Suzuki India Ltd(MRTI.NS) has been deleted from the MSCI India index, index provider MSCI said in a statement on Wednesday, from close of trade on February 28.

Deutsche Bank and Citi said NTPC could see net inflows of $92.10 and $131 million after its weight was increased from 0.63 percent to 1.79 percent on MSCI India index as the company’s free-float stock increases after its offer for sale.

Reporting by Manoj Dharra

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