MSCI February Rejig: Hyundai India joins Global Standard Index; IndusInd Bank, PB Fintech and others see weight increase

Hyundai Motor India has been added to the MSCI Global Standard Index and is expected to receive an inflow of $257 million, making it the only Indian large-cap stock included in this review, according to CNBC-TV18. The company, which went public in November last year, also recorded the highest weight increase among Indian securities. Meanwhile, Adani Green Energy has been removed from the index.

Among the biggest weight increases in the MSCI Global Standard Index, IndusInd Bank, Varun Beverages, Torrent Pharmaceuticals, Mankind Pharma, Dixon Technologies, PB Fintech, Adani Enterprises, and Voltas saw gains.

Conversely, Adani Green Energy, HDFC Bank, Reliance Industries, ICICI Bank, and Infosys witnessed the largest weight reductions.

In the MSCI India Smallcap Index, 19 stocks will be added, including CarTrade Tech, expected to receive $12 million in inflows, while Jyoti CNC Automation and Ola Electric Mobility are set to attract $11 million each. Other key additions include TBO Tek, Afcons Infrastructure, Websol Energy Systems, Zaggle Prepaid Ocean Services, Shaily Engineering, Kovai Medical Center & Hospital, Akums Drugs and Pharma, and Greaves Cotton.

On the other hand, Bharat Bijlee, Bajaj Hindustan Sugar, Sula Vineyards, DCB Bank, Jamna Auto Industries, VST Industries, and DB Corp are among the top exclusions from the MSCI Smallcap Index in the February 2025 rejig.Additionally, 360 One Wam, Equinox India, Prudent Corporate, Go Digit, PG Electroplast, ZF Commercial Vehicle, and Ami Organics saw an increase in their index weight. Meanwhile, Manappuram Finance, Reliance Infrastructure, Sanofi Consumer Health, EPL, and Nazara Technologies saw their weights reduced.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)