Stocks gain ahead of inclusion in MSCI Index

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, Bharat Infratel Shree Cement, Eicher Motors and Marico etc to its India Index.

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

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

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

Meanwhile, Reliance Infrastructure was deleted from the list.

The changes will be effective from May 29, 2015