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LIC, Adani Green, Meesho, Coforge: MSCI adds 15 stocks as part of November rejig; here’s how this impacts investors
4 min read | Updated on November 12, 2026, 08:52 IST
SUMMARY
Stocks like LIC and Meesho were among the major additions to MSCI's benchmark indices after the November 2026 rebalancing move. Here's how this impacts investors.
MSCI added a total of 15 large-cap to small-cap stocks to its benchmark indices as part of its November 2026 index rebalance move. | Image: Shutterstock
Global index service provider MSCI, in its latest November 2026 index rebalancing move, has added a total of 15 Indian large-cap to small-cap stocks to its benchmark indices, including four prominent names: Life Insurance Corporation of India (LIC), Adani Green, Meesho, and Coforge, according to an official statement.
All 15 stocks, including these four prominent names, will be in focus of investors on Thursday, November 12, as MSCI announced its November 2026 index review disclosures after the market operating hours on Wednesday, Nov 11.
As per the details, all changes to the MSCI Equity Indexes will be implemented as of the stock market close on November 30, 2026. Hence, the stocks are likely to witness significant fund flows in the upcoming period.
While the four prominent stocks were added, MSCI’s official release also highlighted that PI Industries stock has now been removed from the MSCI Global Standard Index and has been added to the MSCI Global Small-cap Index, effective November 30.
MSCI said that adding LIC to its MSCI Emerging Markets Index was one of the three largest additions made in the month of November 2026.
“The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation will be Zhongji Innolight H (China), Life Insurance Corporation of India (India) and Nan Ya Printed Circuit Board Corporation (Taiwan),” MSCI said in its official statement.
Large-cap stocks added to MSCI
| Company name | Stock price | 5-day returns | 1-month returns |
|---|---|---|---|
| LIC | ₹400 | -1.9% | 2.1% |
| Adani Green Energy | ₹1,401.70 | -0.9% | 10% |
| Meesho | ₹248.16 | 6.3% | 7.5% |
| Coforge | ₹2,017.50 | -2.9% | 9.2% |
Small-cap stocks added to MSCI
Data showed that several defence equipment makers and industrial equipment manufacturing stocks have been added to MSCI’s benchmark indices as part of the November 2026 index rebalancing move.
| Company name | Stock price | 5-day returns | 1-month returns |
|---|---|---|---|
| Aequs | ₹240.66 | 8.2% | -9.4% |
| Apollo Micro Systems | ₹454.15 | 4.9% | 13.6% |
| Axiscades Technologies | ₹1,813.40 | -3.5% | -10.4% |
| Diamond Power Infra | ₹377.40 | -2.1% | Flat |
| E2E Networks | ₹515 | 0.4% | -29.9% |
| HUDCO | ₹171.40 | 9.4% | 5.5% |
| PI Industries | ₹1,761 | -0.5% | -17.3% |
| SG Mart | ₹902.65 | 0.8% | 18.4% |
| Shadowfax Technologies | ₹288.50 | -0.3% | -1.7% |
| Viyash Scientific | ₹254.64 | 10.3% | 8.9% |
How does MSCI’s rebalancing impact investors?
MSCI’s latest monthly rebalancing move is expected to impact investors, as the additions and exclusions of stocks are expected to trigger massive buying and selling cues in the market due to major fund inflows into the particular stocks on the list.
This major fund inflow will be coming from the global exchange-traded funds and passive funds which are tracking the MSCI indices, as they will also change their allocation to their constituents to replicate the individual benchmark index.
Due to the major inflow and outflow of funds into the particular stocks, investors are set to witness high volatility and standalone performance despite the broader movement in the market.
Investors need to keep a close watch on the movement in the company's stocks, especially one day ahead of and on the date of the deadline, i.e., Monday, November 30, for any potential movement or momentum cues in the market.
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