The MSCI Global Standard Index, a benchmark for global equity performance, adds 7 Indian stocks, including RVNL and Vodafone Idea, and removes Bandhan Bank.
MSCI indexes guide investors on global market performance. Changes in these indexes can influence stock prices as they reflect market trends and company growth.
Vodafone Idea, Dixon Technologies, Oil India, and more are now part of the MSCI India Index, reflecting their growing importance in the Indian economy.
Bandhan Bank, once a part of MSCI India Index, is now excluded. This could lead to reduced investor interest and impact its stock price.
HDFC Bank’s weight in MSCI indices will increase in two phases. This change highlights its dominant position in India's banking sector.
These index adjustments by MSCI will be implemented on August 30, affecting stock prices and market dynamics.