Bharti Infratel, Marico surge up to 28% ahead of MSCI index inclusion

MUMBAI: Shares of companies that have been included in MSCI India Index have gained since the list was made public. In its semi-annual index review, MSCI added companies such as Lupin, Bharat Forge, Bharati Infratel, Shree Cement, Eicher Motors and Marico to its India Index.

Bharti Infratel surged as much as 8.32 per cent while Marico gained 2.89 per cent in intraday trade.

Bharti Infratel ended the day in green, up 2.31 per cent while Marico ended 2.08 per cent higher.

Other stocks that made to the list include Aarti Industries, Ratnamani Metals, BEML, Blue Dart, Cera, Crompton Greaves, Dhanuka Agri, Hitachi, Ingersoll Rand, Wabco, and Britannia.

According to reports, the reshuffle of the MSCI India Index would result in net foreign inflows of nearly $1.3 billion.

Bharti Infratel has surged 28.19 per cent, Marico 13.45 per cent, and Shree Cement 16.71 per cent, while Eicher Motors has advanced 16.77 per cent and Blue Dart 6.46 per cent since May 13, 2015.

The changes will be effective from May 29, 2015.