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AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China

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Companies | AU Small Finance Bank | Tata Elxsi

BS Reporter 

MSCI rebalancing could see addition of three Indian stocks, two deletions

Shares of (SFB), and jumped on Friday after index provider included them in its global index. From the Asia Pacific region, has added 48 stocks and deleted 76, with the most changes in China. India saw four additions and one deletion.

The additions were (estimated inflows of $170 million), Jindal Steel and Power ($136 mn), ($135 mn) and ($72 mn). Shares of and also reacted positively, soaring 14.6 per cent and 5 per cent respectively.

Jindal Steel fell close to two per cent. The only deletion HDFC Asset Management Company (estimated outflows of $75 mn) fell close to 4 per cent.

The changes announced by will be effective from June 1, while index funds are likely to realign their portfolios on May 31.

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First Published: Fri, May 13 2022. 22:40 IST
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