MSCI rebalancing: From Bank of Baroda to Adani Ent, a list of key changes to take effect soon
MSCI index rebalancing: The US-based index has tweaked the weightage of a slew of stocks, such as Adani group shares Adani Enterprises and ACC, and Reliance, HDFC, ICICI Bank and TCS. The MSCI changes will come into force at the end of the day on February 28.
MSCI index rebalancing: MSCI announced a few changes to its index earlier this month, including the addition of Bank of Baroda and CG Power, and the exclusion of Biocon in its global standard gauge. The US-based index provider also adjusted the weightage of a slew of stocks, such as Adani Enterprises, ACC, Reliance, HDFC, ICICI Bank and TCS.
The changes will come into force at the end of the day on February 28.
MSCI rebalancing: Index inclusion
New entrants CG Power and Bank of Baroda will have weightage of 0.27 per cent and 0.23 per cent in the global standard index respectively.
MSCI rebalancing: Weight reduction
Stock | Weight change (bps) |
Adani Enterprises | -20 |
HCL Tech | -20 |
Jindal Steel & Power | -4 |
Shriram Finance | -3 |
ACC | -2 |
MSCI rebalancing: Weight addition
Stock | Weight change (bps) |
Reliance | +2 |
HDFC | +1 |
Infosys | +1 |
ICICI Bank | +1 |
TCS | +1 |
MSCI global rebalancing
MSCI All-Country World Index
MSCI has added 34 securities to its ACWI index — aimed at capturing global equity movement. It has removed 24 securities from the world index.
ALSO READ: MSCI reduces Adani Enterprises, Adani Transmission, Total Gas, ACC weight in indices
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02:17 PM IST