Swiggy, Hyundai, Waaree Energies, other stocks jump up to 8% after inclusion into London's FTSE index

📈 Stocks Surge After FTSE Inclusion

Shares of Indian startups and industrial giants, including Swiggy, Hyundai India, and Waaree Energies, surged as much as 8% on Thursday after their inclusion into the London-based FTSE Global Equity Index Series (GEIS). The announcement, which came as part of FTSE’s semi-annual review, reflects growing international investor interest in Indian and emerging market companies.

As of 12:30 PM IST, Swiggy's shares had jumped by 7.8%, Hyundai India rose 6.5%, while Waaree Energies gained 8.1% on the BSE. Other firms seeing a similar uptick included logistics player Delhivery (+5.4%) and EV infrastructure startup ChargeZone (+6.2%).

🌍 A Global Recognition for Indian Enterprises

The FTSE Index inclusion is seen as a significant milestone. The FTSE GEIS is widely tracked by global fund managers, with trillions of dollars in passive and active assets linked to it. Inclusion typically leads to increased foreign institutional investor (FII) activity and volume inflows.

“This move highlights the strength and resilience of India’s growth story,” said Nandita Singh, Head of Research at Edelweiss Wealth. “Companies like Swiggy and Waaree Energies are at the intersection of innovation and demand, and the FTSE’s nod adds legitimacy to their scale.”

Hyundai India, though a subsidiary of the South Korean automaker, has been included for its independently listed Indian manufacturing and mobility operations, which now contribute a substantial share to Hyundai’s global revenue.

🔍 Why It Matters for These Companies

• Swiggy, a food-tech giant soon headed for IPO, has been expanding aggressively into quick commerce with Instamart and is tapping into the Tier-II and Tier-III city markets.

• Hyundai India is scaling up EV production domestically and exporting to Southeast Asia and Europe, boosting its visibility as a standalone automotive hub.

• Waaree Energies, one of India's largest solar panel manufacturers, recently signed export agreements with Middle Eastern and European countries, enhancing its global footprint.

According to FTSE Russell, the additions were based on “consistent market capitalization growth, increased trading volumes, and future growth potential within global emerging markets.”

💼 Market Reaction & Technical View

The broader market responded positively, with the BSE Midcap Index up by 1.4%, and the Nifty 500 gaining 0.8% in morning trade. Analysts are forecasting additional buying pressure in the days ahead as index funds rebalance their portfolios to accommodate the new entrants.

“These are not one-day events. With passive inflows expected to continue over the next few weeks, we could see further momentum,” noted Rahul Chadha, Portfolio Manager at Mirae Asset Global Investments. “There’s also a psychological boost for domestic investors when Indian names are validated on global platforms.”

Volume surges in all three stocks suggest institutional buying. Swiggy alone saw volumes that were 3.5x its 30-day average, while Waaree Energies witnessed a spike of over 200% in delivery-based buying, according to NSE data.

🧠 Analyst Insight: Fundamentals Justify the Buzz?

Though sentiment is bullish, some analysts urge caution.

“Inclusion into a global index is certainly positive, but investors need to look at fundamentals,” said Richa Agrawal, equity strategist at Motilal Oswal. “For instance, Swiggy’s path to profitability remains uncertain, and while Waaree Energies is growing, it’s in a highly competitive sector.”

Despite that, the consensus remains optimistic for long-term investors, particularly in green energy and digital consumption segments.

📊 What’s Next for Investors?

Inclusion into FTSE GEIS opens these companies to a new class of investors — global asset managers, pension funds, and sovereign wealth funds. Analysts estimate that passive flows alone could bring $250–$300 million into these stocks over the next 1–2 quarters.

“Investors should see this as a medium to long-term play,” said Ravindra Rao, Head of Equity Research at HDFC Securities. “Swiggy and Waaree Energies could benefit from valuation rerating as visibility increases.”

The next FTSE rebalancing is scheduled for December 2025, and Indian markets are expected to continue drawing increased attention amid the country’s strong economic outlook and digital transformation narrative.

The inclusion of Swiggy, Hyundai India, Waaree Energies, and others into the FTSE Global Equity Index underscores India's rising influence on the global economic stage. While short-term volatility may arise, the development cements these companies’ status as key players in their respective industries and signals a broader shift in international investment focus towards Indian innovation and infrastructure.