MSCI has made significant adjustments to its indices as part of the August 2024 review. These changes, which include several additions and deletions, will come into effect on August 30, just before markets close.
Key Changes to MSCI Standard Index
- Additions:
- Zydus Lifesciences Ltd.
- Prestige Estates Projects Ltd.
- Dixon Technologies (India) Ltd.
- Oracle Financial Services Software Ltd.
- Oil India Ltd.
- Vodafone Idea Ltd.
- Rail Vikas Nigam Ltd.
- Deletion:
- Bandhan Bank Ltd.
These adjustments are set to increase India’s weightage in the MSCI Standard Index by 40 basis points, bringing it to 19.8%. This will lead to a market cap increase of $57.26 billion for India within the index.
MSCI Small Cap Index Adjustments
- Additions: 27 new stocks will be included in the MSCI Small Cap Index.
- Deletions: 6 stocks will be removed from the Small Cap Index.
Important Alerts
- HDFC Bank: MSCI will increase the Foreign Inclusion Factor (FIF) for HDFC Bank in two stages, starting with the August review.
- Adani Group Stocks: MSCI has lifted the embargo on the treatment of Adani group stocks from this review onward.
These changes reflect MSCI’s ongoing efforts to align its indices with the latest market trends and investor interests.
TOPICS:
MSCI