Reported 18 days ago
MSCI has added five Indian companies to its Global Standard Index, raising India's weightage to 19.8% and narrowing the gap with China. This inclusion is expected to attract approximately $2.5 billion in passive inflows to Indian equity markets. The new additions include Voltas, Oberoi Realty, BSE, Kalyan Jewellers, and Alkem Laboratories, bringing the total number of Indian stocks in the index to 156. Despite the changes, no Indian companies have been removed from the index in November.
Source: YAHOO