India's weightage in key MSCI index to rise above 20% after index rejig, says Nuvama

** India's weightage in MSCI emerging markets index will rise above 20% from 19.2% currently, following the index rejig due later today, says Nuvama

** Adds, Vodafone Idea IDEA, Prestige Estates PRESTIGE, Oberoi Realty OBEROIRLTY, Schaeffler India SCHAEFFLER, Dixon Technologies DIXON and Uno Minda UNOMINDA will be included into MSCI Emerging Markets index

** Also sees Rail Vikas Nigam RVNL, Zydus Life ZYDUSLIFE among likely candidates be included

** Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research, expects the stocks to see inflows between $153 million and $254 million following the inclusion

** Says top private lender HDFC Bank HDFCBANK could see its weightage increase to 7.2%-7.5% from 3.8%, triggering inflows of $3.2 bln-$34 bln

** Indian equities have been on a solid bull run, and now HDFC Bank is set to give another boost, adds Pagaria

** Nuvama did not identify candidates that could be excluded from the index