Havells India hits record high on MSCI inclusion

The stock rallied 7% to Rs 366; also its record high on the BSE.

Havells India has rallied 7% to Rs 366; also its record high on the BSE after MSCI included the stock in its India index.

The trading volumes on the counter nearly doubled with a combined 4.16 million shares changing hands on the BSE and NSE till 10:37 am.

Besides Havells India, Bajaj Finance (up 0.27% at Rs 7,671), Yes Bank (down 0.50% at Rs 950) and Titan Company (down 0.55% at Rs 372) have been included in MSCI India Index.

In its semi-annual index review, MSCI added these four companies to its India Index, while deleted Reliance Communications (down 2% at Rs 54), Rural Electrification Corporation (up 2% at Rs 168) and United Breweries (down 4% at Rs 766).  The S&P BSE Sensex was down 0.89% or 229 points at 25,561.

The changes will be effective from May 31, 2016. CLICK HERE FULL LIST