12 Indian Stocks To Be Added And Two Removed From MSCI Index
MSCI Inc. will add 12 India stocks to its standard index and remove two as part of the semi-annual review of the world’s largest index compiler, which has assets worth close to $15 trillion benchmarked to its indices.
Actual buy/sell will be done by funds on Nov. 27 since Nov. 30 is a trading holiday in India, according to an MSCI statement.
Stocks that will be added to the standard index
- Kotak Mahindra Bank
- Adani Green
- Yes Bank
- Apollo Hospitals
- IPCA Labs
- Balkrishna Industries
- L&T Infotech
- PI Industries
- Muthoot Finance
Stocks that will be excluded from the standard index
- LIC Housing
There also have been weight changes to a set of stocks.
Besides, three stocks have been added to MSCI Emerging Market Small Cap Index
- 3M India: it has met liquidity requirement
- Adani Gas: increase in foreign inclusion factor
- Mindspace Business REIT: newly listed