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United Phosphorus, GMR to be removed from MSCI India

Divi’s Laboratories and United Breweries to be added in the index; change affective from 30 Nov
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First Published: Thu, Nov 15 2012. 09 01 PM IST
Photo: Priyanka Parashar/Mint
Photo: Priyanka Parashar/Mint
Updated: Fri, Nov 16 2012. 08 15 AM IST
Mumbai: GMR Infrastructure Ltd and United Phosphorus Ltd will be replaced with Divi’s Laboratories Ltd and United Breweries Ltd in the MSCI India index from 30 November, market index provider Morgan Stanley Capital International Inc. said on Thursday.
This is a semi-annual index that MSCI announces at this time of the year.
Shares of United Phosphorus fell 1.21% on BSE to end Thursday at Rs.110.25 apiece while those of GMR Infra fell 4.91% to Rs.19.35 each. India’s key equity indices ended lower on Thursday amid weak global markets.
MSCI also replaced 17 Indian stocks with new ones in its Global Small Cap index.
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First Published: Thu, Nov 15 2012. 09 01 PM IST
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