Global index provider Morgan Stanley Capital International (MSCI) will remove Glenmark, Indiabulls Housing Finance, Vodafone Idea and Yes Bank from the index. MSCI announced that it will include Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens.
The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of November 26, 2019.
The research firm has added eight stocks and deleted four from its Global Standard Index. A total of 78 stocks have witnessed changes in the latest rejig, where SBI Life is amongst the largest additions to its emerging markets index. It has reduced the weightage of Reliance Industries in the Asia ex-Japan IMI Index by 0.04%, MSCI said.
Further, India Domestic Index MSCI has added eight stocks while removed six, while they have added 13 and deleted 21 stocks from the MSCI Global Small Cap Index, said the MSCI release.
The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of November 26, 2019.
The research firm has added eight stocks and deleted four from its Global Standard Index. A total of 78 stocks have witnessed changes in the latest rejig, where SBI Life is amongst the largest additions to its emerging markets index. It has reduced the weightage of Reliance Industries in the Asia ex-Japan IMI Index by 0.04%, MSCI said.
Further, India Domestic Index MSCI has added eight stocks while removed six, while they have added 13 and deleted 21 stocks from the MSCI Global Small Cap Index, said the MSCI release.
- MSCI India Index Additions: Berger Paints, DLF, HDFC AMC, ICICI Prudential, IGL, Info Edge, SBI Life, Siemens.
- MSCI India Index Deletions: BHEL, Glenmark Pharma, Indiabulls Housing Finance, L&T Finance Vodafone Idea, and Yes Bank.
- Small-Cap Additions: Brigade Ent, Deepak Nitrite, Galaxy Surfactants, Glenmark Pharma, Indiabulls Housing, Metropolis, Navin Fluorine, Orient Electric, Polycab, Spandana Sphoorty, Sterling & Wilson, Vodafone Idea, and Yes Bank
- Small-Cap Deletions: Arvind, Care Ratings, CG Power, Cox & Kings, DHFL, Gayatri Projects, GFL, IFCI, IIFL Sec, Info Edge, Jagran Prakashan, Jain Irrigation, Magma Finance, Muthoot Finance, PC Jeweller, Reliance Capital, Reliance Infra, Sharda Crop, Suzlon, Time Technoplast, and Whirlpool.
The MSCI index serves as an important parameter for foreign investor’s decision. Morgan Stanley Capital International (MSCI) has set up MSCI India index wherein many prominent companies across sectors are included in this index.
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