- By Aditya Pratap Singh
- Wed, 12 Feb 2025 11:53 AM (IST)
- Source:JND
MSCI Latest Index: The index review conducted by MSCI features significant changes to the Global Standard Index and the India Domestic Smallcap Index on the cards, which would be effective from the close of markets on February 28, 2025.
Adani Green Energy Excluded
Adani Green Energy has dropped out of the MSCI Global Standard Index. After the announcement, the company's shares took a 1.25% hit in trading today. Besides, MSCI indicated that it would update the number of shares (NOS), foreign inclusion factor (FIF), and domestic inclusion factor (DIF) for Adani Energy Solutions beginning with the February 2025 review, having deferred such changes in past reviews.
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Hyundai Motor India Now in the Global Standard Index
Hyundai Motor India Limited was inducted into the MSCI Global Standard Index and is the only large-cap Indian stock in this review. It marks Hyundai's increasing importance in the Indian market.
Changes in Stock Weight
There were several changes in weightage for certain Indian stocks on the MSCI Global Standard Index.
Stocks with Increased Weightage
IndusInd Bank, Zomato, Mankind Pharma, Varun Beverages, Torrent Pharmaceuticals, Dixon Technologies (India), PB Fintech, and Voltas
Stocks with Reduced Weightage
Adani Green Energy, Reliance Industries, HDFC Bank, Infosys, ICICI Bank, Bharti Airtel, Tata Consultancy Services (TCS), Mahindra & Mahindra, Larsen & Toubro, Axis Bank
MSCI Smallcap Index: 20 Additions, 17 Deletions
Changes were also incorporated in the India Domestic Smallcap Index, where 20 stocks were included, and 17 stocks were dropped.
Top Additions
Afcons Infrastructure, Ola Electric Mobility, Akms Drugs & Pharma, Greaves Cotton, Niva Bupa Health Insurance, Websol Energy Systems, and Sundaram Clayton
Top Deletions
Advanced Enzyme Technologies, Bajaj Hindustan Sugar, DCB Bank, Mahindra Logistics, Sula Vineyards, Sun Pharma Advanced Research, and West Coast Paper Mills
Changes in the MSCI index are being closely watched by investors, as they guide global fund flows toward the Indian stock market. Inclusion in the list may draw a stronger foreign investment flow into stocks like IndusInd Bank and Zomato, while exclusion from the list may bring some drag on stocks like Adani Green Energy, Reliance Industries, and HDFC Bank.
