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Meanwhile, Adani Green Energy Ltd. has been excluded from the MSCI Global Standard Indexes in the February 2025 index review.
The changes which will take place as of the close of February 28, 2025.
Besides Hyundai Motor India, IndusInd Bank, Zomato, Varun Beverages, Torrent Pharmaceuticals, Mankind Pharma, Dixon Technologies (India), PB Fintech, Adani Enterprises, and Voltas were among the stocks whose weight increased in the February quarterly review.
Stocks such as Adani Green Energy, HDFC Bank, Reliance Industries, ICICI Bank, and Infosys were those whose weight has been decreased by MSCI from India.
India’s weight in MSCI Global Standard Indexes will also rise to 19% from the current 18.8% once the quarterly rejig comes into effect from February 28. India has slipped one rank below to third in weightage across emerging markets, losing the second spot to Taiwan. China still remains holds the highest weight, rising slightly to 27.1% from 27% as of now.
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