MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows
By Bharath Rajeswaran (Reuters) -MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country’s weightage on the index to 20%, further narrowing the gap with China. MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth…