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E-mail ID will not be published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

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture