18 equities, including Canara Bank, Voltas, and Sundaram Finance, are anticipated to be included to the MSCI India Standard Index in May, according to JM Financial Institutional Securities.

Changes to the MSCI global standard indexes will be revealed by MSCI on May 14. The changes will take effect on May 31, according to the company.

There will be a total inflow of $2.7 billion into the index based on the current prices of the 18 components. The final ten working days of April are the price cutoff date for rebalancing.

With an estimated $228 million in flows, Canara Bank is most likely to be followed by Dixon Tech with $156 million, Voltas with $174 million, Sundaram Finance with $169 million, and Poilcybazaar with $168 million.

With about $126 million apiece, Oil India and Solar Industries are expected to get the least inflows.

According to the brokerage firm's research, Paytm is expected to remove itself from the MSCI India Standard index as part of the rearrangement, potentially causing an outflow of around $60 million.

Analysts noted that the list might, however, alter based on the stock price at the time of the cutoff.