The Morgan Stanley Capital Index has replaced GMR Infra and United Phosphorus with Divi’s Laboratories and United Breweries in its MSCI Global Standard Indices. It has also announced a list of 17 revisions in the MSCI Global Small-Cap Indices that would come into effect from November 30.
GMR Infra and United Phosphorus were the two companies that have been shifted to the MSCI Global Small-Cap Indices.
Apart from, other noticeable additions in the MSCI Small-Cap Indices include MindTree, MCX, SKS Microfinance and TV18Broadcast.
It, however, removed Elgi Equipment, Indiabulls Power, IRB Infra, NIIT Tech, Monnet Ispat, Praj Industries, S. Kumar’s, Tata Investment Corp, Wockhardt and Tulip Telecom from the small-cap index.