Morgan Stanley Capital Indices or widely known as MSCI which is considered as a global gauge of stock market activity reshuffled its MSCI India index. The stocks which were included in the index came in high demand after inclusion in the index.
The changes index will be effective from May 29, 2015.
Citi has estimated that post the changes in the MSCI Index will lead net foreign inflows after adjusting outflows to the tune of $1.3 billion.
Lupin, Bharti Infratel, Eicher, UPL, Bharat Forge, Container Corp, Shree Cements and Marico have been included in the MSCI index. While, Reliance Infrastructure, DLF, Vedanta and NTPC will be deleted from the index.
The stocks which have been included in the MSCI index are on investors radar as all the stocks have gained 3-28 per cent each since the announcement of their inclusion. Bharti Infratel is the top gainer among these stocks, it has advanced 28 per cent.
Eicher Motors, Bharat Forge, Container Corp, Shree Cements and Marico have also advanced 3-15 per cent each.
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