MSCI has approximately $1.7 trillion assets benchmarked to its emerging market index.US-based MSCI on Tuesday announced the inclusion of Kotak Mahindra Bank, Larsen - Toubro InfoTech,Muthoot Finance, Trent , Yes Bank and seven other stocks to its global India index.
The changes in index constituents, consisting in addition of 12 stocks and removal of two, will take effect from November 30, MSCI said in a statement.
The move was part of a semi-annual review of indices.MSCI said it will add the following stocks to the India gauge under its global standard indices:ACCAdani Green EnergyApollo HospitalsBalkrishna industriesIPCA LaboratoriesKotak Mahindra BankLarsen - Toubro InfoTechMRFMuthoot FinancePI IndustriesTrentYes BankThe following stocks will bedeleted from the index:MSCI is the world's largest index provider, with approximately $1.7 trillion of assets benchmarked to its emerging market index.