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Four cos added to MSCI India index

Press Trust of India  |  New Delhi 

As many as four companies - Avenue Supermarts, Biocon, Standard Company and Aviation - will be added to the India with effect from June 1.

The triggered buying in most of these companies, with shares of surging 6.5 per cent to Rs 1,516.80 on BSE.

soared 5 per cent to Rs 1,248.55 and went up 2.49 per cent to Rs 650.

The scrip of Standard Life however, fell sharply by 8.14 per cent to Rs 496.30.

The changes in the constituents for India domestic will take place as of close of May 31, 2018, India announced yesterday.

IDFC Bank, and will move out of the index, it said.

Changes in the constituents for the domestic small cap were also announced, which will also take place as of close of May 31.

A total of 30 companies were added, while 15 will be deleted.

IDFC Bank, Indian Bank, Power Finance Corporation, Vakrangee, Varun Beverages, among others were added in the small cap index.

The 15 companies that will move out from the index include AstraZeneca Pharma India, Balrampur Chini Mills,

MSCI is a leading provider of benchmark indices globally.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 13:20 IST