Shares in Oil India fell as much as 7 per cent, while DLF dropped 2 per cent after both the companies were excluded from the MSCI index.

Four shares - Cadilla Healthcare, Tata Motors, Ashok Leyland and Maruti Suzuki have been included in the MSCI India index.

Some of the shares of the companies included were also trading soft, largely in line with the sharp fall in the markets.

Constituents of MSCI equity indexes are listed companies, which are included in or excluded from the indexes according to the application of the relevant index methodologies.

Accordingly, constituents in MSCI equity indexes may include MSCI Inc., clients of MSCI or suppliers to MSCI. MSCI has made it clear that inclusion of a security within an MSCI index is not a recommendation by MSCI to buy, sell, or hold such security, nor is it considered to be investment advice.

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