Four Indian stocks to be added, three removed from key global index in MSCI's August rejig
Following the reshuffle, the number of Indian constituents in the MSCI index will rise to 166 from 165
In a recent restructuring of its August review, global index provider MSCI announced that four Indian companies will join its widely followed Global Standard index, while three will be removed. The changes will be implemented after the close of trading on August 31, 2026, and will take effect on September 1. Laurus Labs, Lenskart, Adani Energy Solutions, and Groww will be added to the index, replacing Balkrishna Industries, SBI Cards, and Astral.
This reshuffle will increase India's representation within the index from 165 to 166 constituents, and boost India's weightage in the index from 11.8% to 11.9%. The inclusion is anticipated to trigger significant buying from ETFs and other passive investors that mirror MSCI benchmarks, potentially resulting in inflows of around $598 million.
On the other hand, the exit of the three departing companies could lead to passive outflows of approximately $450 million.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.