Overview
- Four India-listed companies — Fortis Healthcare, One 97 Communications (Paytm), GE Vernova T&D India, and Siemens Energy India — will join MSCI’s Global Standard Indexes after market close on November 24.
- Tata Elxsi and Container Corporation of India will be removed from the flagship index, with Nuvama estimating outflows of about $162 million and $146 million respectively.
- Nuvama projects roughly $1.46 billion of passive inflows into the four additions as index-tracking funds adjust portfolios.
- MSCI also changed constituent weights, lifting eight Indian stocks and trimming several others, nudging India’s overall share of the Standard Index to 15.6% from 15.5%.
- The Global Smallcap Index saw a major reshuffle with six Indian additions and 30 deletions, a move tied to revised eligibility thresholds, with names such as ACC, Blue Jet Healthcare, Honeywell Automation India, Leela Palaces Hotels & Resorts, Tata Elxsi, and CONCOR entering the small-cap cohort.