May 31, 2024, marks the last trading session of the month, and the MSCI index rebalancing will come into effect following the market close on this day. The MSCI announced its latest index review, which will be implemented on May 31, 2024. These reviews, reflecting changes in the market value of constituent stocks often lead to significant trading activity.
MSCI Global Standard Indexes: Forty-two securities will be added to and 121 securities will be deleted from the MSCI ACWI Index. The three largest additions to the MSCI World Index measured by full company market capitalization will be Microstrategy (USA), Pure Storage (USA) and Emcor Group (USA). The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalization will be Chandra Asri Pacific (Indonesia), JSW Energy (India) and Canara Bank (India).
MSCI Global All Cap Indexes: There will be 113 additions to and 83 deletions from the MSCI World All Cap Index.
The following are changes in constituents for the MSCI India Domestic Index, which will take place as of the close of May 31, 2024.
Seven securities will be added namely Indus Towers, Mankind Pharma, NHPC, NMDC, Solar Industries India, Sundaram Finance and Torrent Power. On the flip side, four stocks would be deleted namely Bandhan Bank, Berger Paints, Jubilant Foodworks and One 97 Communications.
The following are changes in constituents for the MSCI India Domestic Small Cap Index, which will take place as of the close of May 31, 2024
A total of 30 securities would be added and 15 securities to be deleted.
List of securities to be added: Aditya Birla Sun Life, Alok Industries, Azad Engineering, Bandhan Bank, Choice International, Dilip Buildcon, Doms Industries, Dynamatic Technologies eMudhra, Force Motor, Gillette India, Greenlam Industries, Happy Forging, Housing & Urban Development Corporation, Inox India, Jupiter Hotels, Jubilant Foodworks, One 97 Communications (Paytm), Orchid Pharma, Purvankara, R R Kabel, Sanghvi Movers, Shilpa Medicare, Sundaram Finance Holdings, Tata Technologies, Time Technoplast, Tips Industries, Transformers & Rectifier, Va Tech Wabag and Waaree Renewable Tech.
List of stocks to be deleted from the MSCI India Domestic Small Cap Index: Alok Industries, Borosil, Brightcom Group, Force Motors, Greaves Cotton, Hindware Home Innovation, Indoco Remedies, Nexus Select Trust, Oil India, Polyplex Corporation, Rajratan Global Wire, Sharda Cropchem, Tatva Chintan Pharma, Thermax and Torrent Pharma.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions
Published on: May 31, 2024, 10:04 AM IST
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