MSCI Rejig November 2025: Four Indian Stocks Including Paytm, Fortis To Join, Tata Elxsi & More To Exit

Morgan Stanley Capital International (MSCI), a leading global index provider, will add four India-listed companies including Fortis Healthcare, fintech firm Paytm, power sector firms GE Vernova T&D India and Siemens Energy India to its Global Standard Indexes as part of its quarterly review.

MSCI Rejig November 2025: Index To Four Indian Stocks Including Paytm & Others

The changes will take effect from November 24 and are expected to draw significant attention from global investors, given MSCI's indexes serve as key benchmarks for roughly $18.3 trillion of assets under management, often triggering substantial fund flows whenever index adjustments are implemented.

Stocks Inclusion from MSCI Index; Check List

In the same review, MSCI will remove IT company Tata Elxsi and logistics firm Container Corporation of India from its flagship index. These exclusions are likely to result in estimated outflows of $162 million and $146 million, respectively, as funds tracking the index rebalance their portfolios.

According to brokerage Nuvama, the inclusion of these four stocks is expected to attract total foreign inflows of around $1.46 billion, highlighting the potential market impact of MSCI index changes.

MSCI indexes are widely used by global institutional investors and serve as benchmarks for approximately $18.3 trillion of assets under management. Even minor adjustments in index composition can trigger significant portfolio reallocations, making MSCI's quarterly reviews closely watched events in financial markets.

Changes in Weightage of Existing Constituents

The review also involves changes in the weightage of several Indian stocks. Eight companies will see their weightage increase, while seven will experience reductions. Stocks benefiting from higher weightage include Asian Paints, Apollo Hospitals, Lupin and SRF.

Companies facing reduced weightage include Samvardhana Motherson, Dr. Reddy's Laboratories, REC and Zydus Life.

Following these adjustments, India's overall weight in the MSCI Standard Index will rise marginally to 15.6% from 15.5%, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research as Reuters reported.

Small-Cap Index Adjustments

In addition to changes in the main index, MSCI will include six Indian stocks and remove 30 from its Global Small-Cap Indexes. The higher number of exclusions is attributed to the global minimum market capitalization requirement being raised to $505 million from $448 million. This led India to record the second-highest number of small-cap exclusions globally, after the United States, reflecting the growing impact of stricter eligibility criteria on smaller firms, according to IIFL.

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