MSCI India Feb rejig: Hyundai Motor India added to the index; check full list

“MSCI continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate,” a statement from MSCI said.

Twice a month, MSCI announces changes in the Global Industry Classification Standard (GICS) at the industry level. For every change, the whole Sub-Industry code is provided.

Besides this, MSCI also added 20 new securities and deleted 17 from its index.

The additions included Afcons Infrastructure, Akums Drugs and Pharma, Allied Blenders, ASK Automotive, Black Box, Cartrade Tech, E2E Networks, Greaves Cotton, Jyoti CNC Automation, Kovai Medical Center & Hospital, Manorama Industries, Niva Bupa Health Ins, Ola Electric Mobility, Pearl Global Industries, Shaily Engineering, Sundaram Clayton, Tbo Tek, V2 Retail, Websol Energy Systems and Zaggle Prepaid Ocean.

Advanced Enzyme Tech, Bajaj Hindusthan Sugar, Balmer Lawrie & Co, Bharat Bijlee, DCB Bank, Fineotex Chemical, Jai Corporation, Jamna Auto Industries, La Opala RG, Magellanic Cloud, Mahindra Logistics, Sanghvi Movers, Shivalik Bimetal Controls, Spandana Sphoorty Fin, Sula Vineyards, Sun Pharma Advanced RSCH, West Coast Paper Mills are some of the stocks to be excluded from the MSCI index.

The changes in constituents for the MSCI India Domestic Small Cap Index will take place as of the close of February 28, 2025.

“MSCI clarifies that starting from the February 2025 Index Review, MSCI will implement the index review changes, including changes in the Number of Shares (NOS), Foreign Inclusion Factor (FIF), and Domestic Inclusion Factor (DIF) of Adani Energy Solutions that have been previously postponed,” it said in a statement.

The proforma changes are announced along with the February 2025 Index Review announcement and will be implemented as of the close of February 28, 2025 (effective March 3, 2025).

The three largest additions to the MSCI World Index measured by full company market capitalisation will be United Airlines Holdings (USA), Reddit A (USA), and Natera (USA). The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation will be Hyundai Motor India (India), Emaar Development (United Arab Emirates), and J&T Global Express B (China).

Meanwhile, on BSE, shares of Hyundai Motor India on Tuesday closed at ₹1,835.55, losing 23.85 points, 1.28%. Adani Green Energy fell 1.40% on BSE to close at ₹943.70.