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Eight Indian companies have been included in the MSCI India Index while one has been excluded following a mid-year review. Bharat Forge, Bharti Infratel, Container Corp of India, Eicher Motors, Lupin, Marico, Shree Cement and UPL are the ones included.
While these eight companies will debut on the MSCI India Index, Reliance Infrastructure has been excluded from the global index.
Companies claim that the inclusion will mean higher buying in these companies as passive funds which follow the global benchmark indices would automatically increase buying in these stocks. Foreign ownership of these stocks would rise consequently, explains analysts. These changes are effective from 29 May, 2015.
