12 Indian Stocks To Be Added And Two Removed From MSCI Index
A data graph tracks the movement of stocks on the stock exchange in Germany. (Photographer: Alex Kraus/Bloomberg)

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

  1. Kotak Mahindra Bank
  2. Adani Green
  3. Yes Bank
  4. Apollo Hospitals
  5. MRF
  6. IPCA Labs
  7. Balkrishna Industries
  8. L&T Infotech
  9. Trent
  10. PI Industries
  11. Muthoot Finance
  12. ACC

Stocks that will be excluded from the standard index

  1. LIC Housing
  2. Bosch

Also read: MSCI To Tweak Foreign Ownership Limit For Indian Stocks

There also have been weight changes to a set of stocks.

Besides, three stocks have been added to MSCI Emerging Market Small Cap Index

  1. 3M India: it has met liquidity requirement
  2. Adani Gas: increase in foreign inclusion factor
  3. Mindspace Business REIT: newly listed

Also read: Some Pandemic Plays Win MSCI Nod Just as Vaccine Optimism Grows

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