Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  MSCI removes Axis Bank, adds Mahindra and Mahindra Financial Services
BackBack

MSCI removes Axis Bank, adds Mahindra and Mahindra Financial Services

MSCI adds Mahindra and Mahindra Financial Services to its India index, effective from close of 30 August

Reacting to the news of its deletion, shares of Axis Bank plunged 8.23% to close at Rs1,055.40 on the BSE on Friday. Photo: Abhijit Bhatlekar/Mint (Abhijit Bhatlekar/Mint)Premium
Reacting to the news of its deletion, shares of Axis Bank plunged 8.23% to close at Rs1,055.40 on the BSE on Friday. Photo: Abhijit Bhatlekar/Mint
(Abhijit Bhatlekar/Mint)

New Delhi: The MSCI (Morgan Stanley Capital International) Global Standard Indices will see the deletion of Axis Bank Ltd. with effect from 2 September 2013.

The deletion from MSCI’s standard and large cap indexes is pursuant to Thursday’s announcement and part of its quarterly index review.

Reacting to the news of its deletion, shares of Axis Bank plunged 8.23% to close at Rs1,055.40 on the BSE. In intra-day trade, the stock had lost 8.69% to Rs1,050.

The index provider has added Mahindra and Mahindra Financial Services Ltd. to its India index, effective from close of 30 August, as per a statement dated 14 August.

Shares of Mahindra and Mahindra Financial Services ended flat 0.06% lower at Rs254.7.

MSCI is a leading provider of benchmark indices globally.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 16 Aug 2013, 07:08 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App