MSCI, the world's biggest index complier with roughly $12 trillion in assets benchmarked to its products, will add four Indian stocks and remove five from its Global Standard Index with effect at May 31 close.
New Additions
- Avenue Supermarts
- InterGlobe Aviation
- Pidilite Industries
- Power Grid Corp. of India
Deletions
- ACC
- IDFC Bank
- Power Finance Corp
- Tata Motors DVR
- Vakrangee
Other Key Changes
MSCI will add 27 shares and delete 12 shares from MSCI India Index.
Key Additions
- First Source
- Graphite
- IFB Industries
- JSW Energy
- Manpasand Beverages
- V-Mart
- Venky's
Key Deletions
- Advanced Enzymes
- Biocon
- Divi's Labs
- Marksans
- Navkar
- Siti Networks
Meanwhile, MSCI also released the list of 234 domestically listed Chinese companies that will be added to benchmark equity gauges from next month. The move expected to trigger potential outflow from markets like India.
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