Shares of Britannia Industries, Petronet LNG, and Vakrangee have been included in the MSCI Global Standard Indices.
These three companies’ stocks will now be included in the MSCI India index from November 30. The three stocks will be added at the cost of Apollo Hospitals, whose shares were excluded from the index.
The revisions to the indices were conducted late Monday by Morgan Stanley Capital International as part of its semi-annual review.
Inclusion in the MSCI indices is usually an indication that this stock will catch foreign fund managers’ attention. Foreign active funds and exchange-traded funds, which track the MSCI indices, are likely to buy or sell shares of the companies included or excluded from these indices.
In the MSCI India Domestic index shares of L&T Finance Holdings, TVS Motor Co, and Vakrangee Ltd were included, while no deletions were made.In the MSCI India Domestic Small Cap index, as many as 27 stocks were added while 11 stocks were excluded.
Prominent inclusions were shares of AU Small Finance Bank, Cochin Shipyard, and Central Depository Services.
|MSCI India||Britannia Industries||Apollo Hospitals|
|MSCI India Domestic||L&T Finance Holdings|
|TVS Motor Co|
|MSCI India Domestic Small Cap||AU Small Finance Bank||Clariant Chemicals|
|Bombay Dyeing||Future Retail|
|Carborundum Universal||Kesoram Industries|
|Cochin Shipyard||Kushal Tradelinks|
|DCM Shriram||L&T Finance Holdings|
|Deepak Nitrite||Shilpi Cable Tech|
|Eris Lifesciences||Sintex Industries|
|Gabriel India||Tide Water Oil India|
|Himadri Speciality Chemicals||Vakrangee|
|IFB Industries||Videocon Industries|
|Phillips Carbon Black|
|Shankara Building Products|
|Siyaram Silk Mills|
|Techno Electric & Engineering|
|V Mart Retail|
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