The changes will take effect after market close on November 24, 2025, and include notable movements across the MSCI India Domestic Index and the MSCI India Domestic Smallcap Index.
According to MSCI’s release, six stocks have been added to the MSCI India Domestic Index, while three have been removed.
Additions to the MSCI India Standard Index:
– FSN E-Commerce Ventures (Nykaa)
– GE Vernova T&D India
– Indian Bank
– One 97 Communications (Paytm)
– Siemens Energy India
These inclusions reflect rising market capitalisation, improved liquidity, and stronger fundamentals that meet MSCI’s index criteria.
On the other hand, MSCI has deleted three stocks from the MSCI India Domestic Index:
– Astral
– Container Corporation of India (CONCOR)
– Tata Elxsi
The reshuffle also brought significant changes to the MSCI India Domestic Smallcap Index, with 7 additions and a substantial 33 deletions.
New additions to the Smallcap Index include:
Astral, Blue Jet Healthcare, Container Corporation of India, Honeywell Automation, Leela Palaces Hotels, Tata Elxsi, and Thermax—names that now join the smallcap universe, often seen as a pipeline for eventual mid- and large-cap inclusion.
The 33 deletions from the smallcap index include notable companies such as Aditya Birla Capital, Balaji Amines, Fortis Healthcare, GE Vernova T&D India, One 97 Communications, Go Fashion India, SpiceJet, and VST Industries, among others.
These changes are closely tracked by global investors and passive funds that replicate MSCI benchmarks. Stocks added to the Standard Index typically witness higher interest and inflows ahead of the effective date, while deletions may experience short-term selling pressure as index-linked funds rebalance their portfolios.
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