Shares of AU Small Finance Bank (SFB) jumped more than 6 per cent on Friday after index provider MSCI included the stock in its global indices.
From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China. India saw four additions and one deletion.
The additions include Tata Elxis (estimated inflows of $228.5 million), Jindal Steel and Power ($182.3 mn), Adani Power ($181.3 mn) and AU Small Finance Bank ($94 mn). HDFC AMC (estimated outflows of $75 mn) was deleted from the index.
The changes announced by MSCI will be effective from
