Hyundai Joins MSCI India Index; Adani Green to Exit

MSCI's latest index review sees Hyundai Motor India Ltd added to the MSCI India Index, while Adani Green Energy exits, effective February 28, 2025. The announcement also notes changes in the MSCI Global Standard and Small Cap Indexes, which will impact various firms.

In a shakeup of the MSCI India Index, Hyundai Motor India Ltd is set to join the ranks while Adani Green Energy will take its leave, effective February 28, 2025. This decision follows the latest index review announced by MSCI, a prominent index provider.

The inclusion of Hyundai Motor India led to a 3.41% rise in its shares to Rs 1,898.20 on the BSE, although it later succumbed to a broader negative trend across the equity market. Meanwhile, Adani Green Energy saw a decline of 4.95%, settling at Rs 896.90. MSCI plays a vital role in providing essential decision-support tools for global investors.

The MSCI Global Small Cap Indexes will concurrently witness additions and removals of firms. Nineteen new entrants, including Ola Electric Mobility and Afcons Infrastructure, will be added, while an equal number, such as Advanced Enzyme Tech and Bajaj Hindusthan Sugar, will be removed, all effective from February 28.

(With inputs from agencies.)