Shares in HDFC Bank gained 1.2 per cent, while Hindustan Unilever fell 2.2 per cent, as changes by MSCI to its global indices became effective after the close of markets on Friday.
Shares in HDFC Bank gained 1.2 per cent, while Hindustan Unilever fell 2.2 per cent, as changes by MSCI to its global indices became effective after the close of markets on Friday.
HDFC Bank, whose weighting was cut, rose 2.4 per cent since the announcement on May 14 as of Friday's close, under-performing a 4.4 per cent gain in the NSE bank index.
Hindustan Unilever, whose weighting was increased, rose 4.5 per cent since the announcement, as of Friday's close, compared with a fall of 3.2 per cent in the industry-sub index.
Aurobindo Pharma, the lone addition to the MSCI India index in the May review, which rose 8.9 per cent since then, was also down 4 per cent.
Copyright: Thomson Reuters 2014
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