MSCI adds Hyundai Motor India to key global index, removes Adani Green Energy

Sundaram Clayton

12/02/2025 03:52

By Vivek Kumar M and Bharath Rajeswaran
       Feb 12 (Reuters) - MSCI added a lone Indian company,
carmaker Hyundai Motor India  HYUN.NS , to its Global Standard
index late on Tuesday and removed Adani Green Energy  ADNA.NS 
as part of its February 2025 index rejig.
    The change will come into effect on the market's close on
February 28.
    In its previous index reconstitution in November, MSCI had
added five domestic companies into the global standard index,
lifting India's weightage to nearly 20% in the gauge that tracks
emerging markets.
    The quarterly rebalancing, which was announced overnight,
also saw 20 Indian stocks added to MSCI India Domestic Smallcap
Index, including Ola Electric Mobility  OLAE.NS , Sundaram
Clayton  SUNM.NS  and Zaggle Prepaid Ocean Services  ZAGG.NS ,
among others.
    However, 17 stocks were deleted from the MSCI Smallcap
index.
    According to IIFL Capital, the MSCI rejig could lead to a
net passive inflow of about $850 million to $1 billion into
Indian markets.
    Private lender IndusInd Bank  INBK.NS , which is already
part of the global standard index, saw a weight increase,
according to IIFL Capital.
    While MSCI added and removed one Indian stock from the
global standard indexes, it added eight stocks from China and
deleted 20 stocks from the world's second-largest economy.    
    Overall, 23 securities will be added and 107 securities
deleted from the MSCI global standard indexes as part of the
review.    
    
    
    
    

 (Reporting by Vivek Kumar M and Bharath Rajeswaran in
Bengaluru)
 ((VivekKumar.M@thomsonreuters.com;))