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Indiamart Intermesh, Tata Consumer added to MSCI India index; Tata Power drops

The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of May 29, 2020.

May 13, 2020 1:06 IST | India Infoline News Service
MSCI Index
According to the MSCI India Domestic Index on Tuesday has announced the changes for India-focused overseas funds. The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of May 29, 2020.

Effective June 1, MSCI has added six stocks and deleted five from its Global Standard Index.

Stocks such as Biocon, Indraprastha Gas, Jubilant Foodworks, Tata Consumer, and Torrent Pharma have been included, while the deletions from their global index include Ashok Leyland, M&M Financial Services, Shriram Transport, and Tata Power.

Meanwhile, MSCI India Domestic Small Cap Index has added 13 and deleted 52 stocks from the MSCI Global Small Cap Index.

MSCI India Domestic Small Cap Index has seen 52 deletions which include Abbott India, Adani Green, Allcargo, Ashoka Buildcon, BSE, Venky’s India, Jammu & Kashmir Bank, Power Finance Corporation and Dish TV India.

IndiaMart Intermesh, Mishra Dhatu Nigam, Nippon Life India, Future Retail, Ashok Leyland, Emami, M&M Financial and Relaxo Footwears are among the 13 added to this index.

The stock which has been added will see more buying activity from the foreign investors, and the stocks will have positive sentiment going forward.

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