MSCI Inc. (MSCI) announced a series of changes to its emerging-market equities indexes, with companies from Thailand, Brazil and India marking the largest additions.
Investors look to changes in MSCI indexes as they are largely followed benchmarks for both mutual and exchanged-traded funds. About $1.4 trillion is benchmarked to the MSCI Emerging Markets index.
Apollo Hospitals Enterprise Ltd [BSE 8.06 %], Oil India Ltd [BSE 3.23 %], Wockhardt Ltd [BSE 3.13 %], and GlaxoSmithKline Consumer Healthcare Ltd [BSE 7.36 %] have been added in the MSCI India index, the index provider said in a statement on Wednesday after completing its May review.
There have been no deletions from the MSCI India index. Oil India has additionally been added to MSCI Emerging Markets index.
The changes will take place after the close of trade on May 31, MSCI added.
New inclusions in MSCI small-cap index are stocks like Alembic Pharma, CARE, eClerx, Godrej Properties, IRB Infrastructure, JK Cement, PC Jeweller, SE Investments and Videocon Industries Ltd.
~With inputs from The Wall Street Journal.