MSCI Index Rejig: Adani Power & 3 Other Stocks Added, 1 Removed & More

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MSCI Index Rejig: Adani Power & 3 Other Stocks Added, 1 Removed & More

By Malvika Gurung

Investing.com -- As per the semi-annual index rejig of global index provider MSCI for May 2022, four stocks have been added to the Morgan Stanley (NYSE: MS ) Capital International (MSCI) Index, while one stock has been removed.

The global index provider has announced to add Jindal Steel & Power (NS: JNSP ), Adani Power (NS: ADAN ), AU Small Finance Bank (NS: AUFI ), and Tata Elxsi (NS: TTEX ) to its MSCI India index in May 2022 rejig, while HDFC Asset Management Company (NS: HDFA ) has been removed. 

These changes in the index will come into effect at the close of May 31, 2022.

Further, MSCI India index has added Bank of Baroda (NS: BOB ), Cholamandalam Investment & Finance (NS: CHLA ), and Jindal Steel & Power, and excluded HDFC (NS: HDFC ) AMC, Indraprastha Gas (NS: IGAS ), MRF (NS: MRF ) and Shriram Transport (NS: SRTR ).

Further, 50 smallcap stocks have been added under the MSCI India Domestic Small Cap Index, while 10 securities have been removed from it, stated a Mint report.

Bharat Dynamics (NS: BARA ), Equitas Small Finance Bank (NS: EQUI ), Greaves Cotton (NS: GRVL ), Go Fashions India, and GHCL (NS: GHCH ), among others, are stocks added to the aforementioned index, while Adani Power (NS: ADAN ), Bajaj Consumer Care (NS: BACO ), Cholamandalam Investment (NS: CHLA ), Future Retail (NS: FURE ), and Jindal Steel & Power are some of the securities omitted from the index.

For a security to be eligible enough to get included in the MSCI index, its Foreign Inclusion Factor (FIF) must reach the desired threshold.

MSCI defines this factor as the proportion of shares outstanding that are deemed to be available for purchase in the public equity markets by international investors.

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  • hosur nataraj @hosur nataraj
    RESPECTED SIR,IN SECOND PARA YOU SAY Jindal Steel & Power   AND ADANI POWER ARE GETTING ADDED.IN FIFTH PARA YOU SAY  Jindal Steel & Power   AND ADANI POWER ARE GETTING OMITTED. PLEASE CLARIFY WHICH ONE IS CORRECT.
    Like 1
    • Pratik Mate @Pratik Mate
      @hosur nataraj Jindal Steel & Power (NS:JNSP), Adani Power (NS:ADAN) to MSCI India indexAdani Power (NS:ADAN) and Jindal Steel & Power are some of the securities omitted from MSCI India Domestic Small Cap Index. 2 different indices
      Like 3
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