Global index provider MSCI announced changes to the MSCI India index, a key benchmark for India-focused overseas funds. Effective June 1, MSCI has added six stocks and deleted five from its Global Standard Index

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The additions included Biocon, Indraprastha Gas, Jubilant Foodworks, Tata Consumer, and Torrent Pharma. Meanwhile, the deletions from their global index include Ashok Leyland, M&M Financial Services, Shriram Transport, and Tata Power.

Meanwhile, while they have added 13 and deleted over 50 stocks from the MSCI Global small Cap Index.

Small Cap additions

include Amber Enterprises, Ashok Leyland, Cummins India, Emami, Future Retail, GMM PFaudler, Indiamart, M&M Financial, Mishra Dhatu Nigam, Nippon Life, NLC India, Relaxo Footwears, and Tata Power.

Small Cap deletions include Abbott India, Adani Green, Allcargo Logistics, Ashoka Buildcon, Dish TV, BSE, Equitas Holdings, Future Consumer, IPCA Labs, J&K Bank, Jindal Saw, JK Tyres, Jubilant Foodworks, La Opala RG, Lemon Tree Hotels, PFC, Raymond, Repco Home Finance, Sadbhav Engineering, Shoppers Stop, Tata Consumer, Venky's India, and Zensar Tech, among other.

First Published:May 13, 2020 8:33 AM IST