November 14, 2015

Maruti & Cadila among losers in MSCI India rejig

Changes made by global index provider MSCI to its indices hit shares of several Indian companies on Friday. Shares of Tata Motors  DVR gained a little over four per cent on inclusion in the MSCI India Index, while realty major DLF and state-owned Oil India fell around two per and five per cent, respectively.

MSCI had at its semi-annual review on Thursday announced changes to several of its indices, including the India domestic index and India domestic small-cap index.

Cadila Healthcare, Maruti Suzuki and Ashok Leyland are the other stocks added to the MSCI India Index. All three, however, ended with losses on Friday, given the overall weakness in the market. The benchmark BSE Sensex fell around one per cent to 25,610.53, lowest in nearly two months.


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