MSCI Adds And Deletes Some Indian Companies From Its Index; Check Complete List Here

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    MSCI Inc, formerly Morgan Stanley Capital International, in its Global Standard Index added 4 Indian stocks while removing 5. Index complication by New-York based MSCI is considered one of the biggest in the world and maintains its benchmark based on the weighted market capital of over 1,600 company stocks around the world, representing a broad cross-section of global markets.

    MSCI Adds And Deletes Some Indian Companies From Its Index

    With effect from June 1, the new Indian additions to its index are:

    1. Avenue Supermarts
    2. InterGlobe Aviation
    3. Pidilite Industries
    4. Power Grid Corp. of India

    The 5 deletions would be:

    1. ACC
    2. IDFC Bank
    3. Power Finance Corp
    4. Tata Motors DVR
    5. Vakrangee

    It has also made changes to its MSCI India Index, where MSCI will add 27 shares while deleting 12.

    Additions will be:

    1. Capital First
    2. CCL Products (India)
    3. City Union Bank
    4. First Source Solutions
    5. Graphite India
    6. HEG
    7. IDFC Bank
    8. IFB Industries
    9. Indian Bank
    10. IEX
    11. Indraprastha Gas
    12. JSW Energy
    13. KEI Industries
    14. KNR Constructions
    15. Magma Fincorp
    16. Manpasand Beverages
    17. NBCC (India)
    18. Phillips Carbon Black
    19. The Phoenix Mills
    20. Power Finance Corp
    21. Sonata Software
    22. South Indian Bank
    23. Team Lease Services
    24. V-Mart Retail
    25. Vakrangee
    26. Varun Beverages
    27. Venky's

    The deletions include:

    1. Advanced Enzymes Technologies
    2. Balrampur Chini Mills
    3. Biocon
    4. Divi's Labs
    5. Housing Development Infrastructure
    6. Marksans Pharma
    7. Mcleod Russel India
    8. Narayana Hrudayalaya
    9. Navkar Corporation
    10. PTC India Financial Services
    11. Sequent Scientific
    12. Siti Networks

    MSCI will also add 234 domestically listed large-cap Chinese companies to its benchmark from June 1. This is expected to open the doors to more global investment for China.

    Chinese companies were denied inclusion for three straight years by MSCI as their financial markets are largely controlled by the government. It was approved last June after improvements were made for global asset managers to gain market access by allowing foreigners to buy shares listed on the Shenzhen stock exchange.

    The future could see Chinese mid-cap stocks being listed on MSCI.

    Read more about: msci
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