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Grasim Industries gains after inclusion in MSCI India index

The stock rallied 5% to Rs 1,024 on the BSE in intra-day trade.

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Money, Wealth, Rich Dividends

SI Reporter Mumbai
Grasim Industries rallied 5% to Rs 1,024 on the BSE in intra-day trade in an otherwise range-bound market, after index compiler MSCI included the company in MSCI India Index.

MSCI Inc, a leading provider of research-based indexes and analytics, on February 9 announced the results of the February 2017 Quarterly Index Review for the MSCI Equity Indexes.

The changes will take place as of the close of February 28, 2017, MSCI said in a statement on Thursday. CLICK HERE TO READ FULL RELEASE.

Stocks that get included in the MSCI indices usually attract flows.