MSCI India Index Rejig: New Entrants & Exits

New Delhi, May 13 (PTI) Federal Bank, Indian Bank and two other companies are set to enter the MSCI India Index with effect from May 29 while four entities will move out of the index.

Leading global index provider MSCI, which has announced the changes in various indices, also said the Adani Energy Solutions will not be added to the India Index as the scrip is under surveillance of the National Stock Exchange.

Apart from Federal Bank and Indian Bank, Multi Commodity Exchange of India and National Aluminium Company will enter the index.

At the same time, Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers India, and Rail Vikas Nigam will move out, according to an announcement made by MSCI on Tuesday.

Earlier, MSCI had decided to include Adani Energy Solutions in the index, which provides a broad picture of stock market trend for investors.


However, the decision was reversed citing surveillance measure taken on the scrip by the National Stock Exchange.

"According to Appendix I of the MSCI Global Investable Market Indexes Methodology book, during Index Reviews, MSCI will not implement any additions to IMI for securities that enter the India Short Term and Long Term Additional Surveillance Measure," it said in an announcement.

Consequently, the security will not be added to the MSCI indexes as part of the May 2026 index review, MSCI said.

Additional Surveillance Measure is a surveillance mechanism introduced by Sebi and stock exchanges to track stocks facing unusual price volatility, high volume, or speculative trading.

Domestic bourse BSE has also kept Adani Energy Solutions under the same surveillance measure.

The changes in constituents for the MSCI Global Standard Indexes will take place as of the close of May 29, 2026, as per the latest rejig by MSCI.