The semi-annual index revision of MSCI's India Index became effective on Wednesday. As announced earlier this month, 8 stocks were added to the MSCI Global Standard Index, a key benchmark index for India-focused overseas funds. The additions included Berger Paints, DLF, Info Edge, Colgate, HDFC AMC, ICICI Prudential Life, SBI Life and Siemens India.
Additions to MSCI India Domestic Index include Berger Paints, DLF, HDFC AMC, ICICI Prudential Life, Info Edge, SBI Life and Siemens India. On the other hand, deletions of BHEL, Glenmark Pharma, Indiabulls Housing, L&T Finance, Vodafone Idea and Yes Bank were made.
Changes to the MSCI Global Smallcap Index include additions of Brigade Enterprises, Galaxy Surfactants, Glenmark Pharma, Indiabulls Housing, Metropolis Healthcare, Navin Fluorine, Orient Electric, Polycab, Spandana Sphoorty, Sterling & Wilson, Vodafone Idea, Yes Bank, L&T Finance, Intellect Design Arena.
Deletions include Arvind Limited, Care Ratings, CG Power, Cox & Kings, DHFL, Gayatri Projects, GFL, IFCI, IIFL Sec, Info Edge, Jagran Prakashan, Jain Irrigations, Magma Finance, Muthoot Finance, PC Jeweller, Reliance Capital, Reliance Infra, Sharda Crop, Suzlon, Time Technoplast and Whirlpool.
Revision in the index could affect the performance of these stocks in the coming days.