MSCI adds Aurobindo Pharma to India index

Index provider MSCI adds Aurobindo Pharma to the MSCI India index after its semi-annual global index review, it said on its website on Wednesday.

Also, MSCI adds 13 stocks and deletes the same amount from MSCI global small-cap indexes.

Key additions to MSCI small-cap indexes include Bajaj Corp, Coromandel International, Jaiprakash Power, and Indian Bank.

Changes will be implemented on the close of May 30.

Multiple dealers say MSCI has also reduced HDFC Bank's weight in the India index by certain percentage points due to existing rules on foreign investment in the lender's stock.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture