Active Stocks
Tue Apr 23 2024 15:59:47
  1. Tata Steel share price
  2. 161.10 -0.46%
  1. Tata Motors share price
  2. 986.60 1.34%
  1. NTPC share price
  2. 346.90 1.12%
  1. Bharti Airtel share price
  2. 1,342.30 3.38%
  1. HDFC Bank share price
  2. 1,507.20 -0.34%
Business News/ Market / Stock-market-news/  MSCI adds eight new stocks to India index
BackBack

MSCI adds eight new stocks to India index

There are 64 stocks on the MSCI India index at present

The shares of the new entrants to the MSCI India index, which is referred by foreign investors to gauge the sentiments of the Indian markets, rose on Wednesday morning. Photo: MintPremium
The shares of the new entrants to the MSCI India index, which is referred by foreign investors to gauge the sentiments of the Indian markets, rose on Wednesday morning. Photo: Mint

Mumbai: Eight companies including Bharti Infratel, Eicher Motors, Lupin and Bharat Forge will be added to MSCI India Index, while Reliance Infrastructure is being removed.

The shares of the new entrants to the MSCI India index, which is referred by the foreign investors to gauge the sentiments of the Indian markets, rose this morning. Global indexing and analytics firm MSCI Inc. has indices for key markets, along with certain global, regional and theme-based indices. There are, at present, 64 stocks in MSCI India index, including Infosys, HDFC, TCS, RIL, Sun Pharma and ITC. The other companies being added to the index include Container Corp of India, Marico, Shree Cement and UPL.

All the changes would come into effect from 29 May. The changes have been made to MSCI India and other indices as part of a semi-annual index review for the MSCI Equity Indexes. Shares of Reliance Infra rose by over 3%, despite its exclusion from the index. Lupin was up 0.5% in mid-day trade after paring most of its morning gains, Bharti Infratel was up 2.6%, Eicher rose 3.3% and Bharat Forge was trading 1.4% higher. Marico was up 6.6%, Container Corp 5.4%, Shree Cement was up 8.4% and UPL was trading 3.2% higher at BSE.

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: 13 May 2015, 11:57 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App