HDFC Bank falls, Zee Entertainment gains on MSCI rejig

Shares of HDFC Bank, Reliance Capital and Reliance Power fell up to three per cent after the MSCI removed these stocks from its India index.
HDFC Bank fell by two per cent to Rs 894, while Reliance Power lost 2.6 per cent to Rs 74.65 and Reliance Capital went down by 2.47 per cent to Rs 470.60 on the BSE.
The other stock which has been excluded from the MSCI India index is Jaiprakash Associates and it was trading flat.
MSCI has added Zee Entertainment and Motherson Sumi Systems to its India index. Shares of Zee Entertainment rose by four per cent to touch its 52-week high of Rs 369, while Motherson gained 3.23 per cent to Rs 440.

All the above changes to the MSCI India index will be effective from November 25, 2014.
MSCI, a leading provider of benchmark indices globally, announced the following changes in constituents for the MSCI Global Standard Indexes yesterday.