MSCI Rejig: Swiggy, Vishal Mega Mart, Waree, Hitachi, New Entries, Which Companies Lost The Spot This Time?

MSCI Rejig: As part of its reshuffling, MSCI India Index will add new companies like Swiggy, Vishal Mega Mart, Waree Energies India, Hitachi Energy India, etc. Whereas, Sona BLW Precision Forgings and Thermax will be removed from the MSCI India Index, according to a statement released early Friday.

The MSCI rejig is a regular practice where the constituents are changed and added. The recent reshuffling of stocks will take place as of the close of August 26, 2025.

Swiggy, Vishal Mega Mart, Waaree Energies India and Hitachi Energy India shares have been included in the MSCI India index, which is part of the MSCI Global Standard Index. Sona BLW Precision Forgings and Thermax have been dropped from the MSCI India index,
The latest changes in the index has come as a part of the quarterly review of the indices.

Among these changes, 15 stocks have been added to the MSCI Smallcap Index. Noteworthy additions include Zinka Logistics, Transrail Lighting, Belrise Industries, Brainbees Solutions, and two former Standard Index members -ona BLW and Thermax.

The reclassification of Sona BLW and Thermax into the Smallcap Index is anticipated to generate passive inflows of about $40 million and $30 million, respectively. Nexus Select Trust is also expected to draw inflows reaching up to $25 million. Other newly included firms might experience foreign inflows ranging from $4 million to $14 million.

Bharat Dynamics, Hikal, Protean E-Gov Among Top Exits From MSCI

Six companies have been removed from the Smallcap Index, ie Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation, MSTC, and Protean e-Gov Technologies. The exclusion of Bharat Dynamics could lead to outflows of approximately $31 million. The other stocks might encounter passive outflows between $2 million and $5 million each.

What Are The New Changes in MSCI?

In the MSCI Standard Index, CG Power has received a weightage increase that could result in fresh inflows of $55 million. However, Asian Paints, Eternal, JSPL, and Havells India are predicted to face reduced weightage. This adjustment may cause modest outflows for these companies. These index changes are scheduled to take effect at the end of August. Institutional investors are particularly attentive to these adjustments as they align their portfolios with MSCI indices.

The recent addition to smallcap index is likely to generate a moderate inflows with Inventurus Knowledge earning around an estimated $12 million in inflows. Most other inclusions are projected to draw between $4-7 million each.

According to an Economic Times report, the Paytm was initially considered for the inclusion but was not finalised as the MSCI August addition because of timing issues. Paytm met eligibility on Day 4 of the review window, but the cut-off may have been earlier, reported ET citing a Nuvama review.

If included in November's cycle, Paytm could attract inflows of approximately $270 million. The MSCI Smallcap Index is also undergoing changes, with twelve stocks projected for inclusion and four for exclusion. Among those likely to be added are Inventurus Knowledge, Capri Global Capital, Brainbees Solutions (FirstCry), Lumax Auto Technologies, Belrise Industries, Transrail Lighting, Ather Energy, Csb Bank, India Glycols, Lloyds Enterprises, Yatharth Hospital, and Zinka Logistics.