With five additions and no exclusions, India's stock count in the MSCI Emerging Markets (EM) Index will rise to 156, increasing its representation from 19.3% to 19.8%.
A cocktail of buoyant GDP growth, benign inflation and business-more-than-usual have created a feel-good factor in 2023 — now brace for volatility in the New Year.
MSCI will also apply a special treatment for all Adani Group's associated securities in the MSCI Equity Indexes starting from the February 2023 Index Review.
MSCI has lowered the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission, and ACC, while free floats of remaining companies have been kept unchanged.