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.

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