Vodafone, Yes Bank out of MSCI; SBI Life, DLF make inroads

The semi-annual rebalancing of the global index was announced late on Thursday and the changes to the MSCI India Index will come into effect after November 26.

Mumbai: Eight stocks, including Berger Paints, DLF, SBI Life Insurance has been added to the recent rejig of the Morgan Stanley Capital International (MSCI) index, while six struggling scrips of Yes Bank, India Bulls Housing Finance, Bharat Heavy Electricals Ltd (BHEL) among others have been removed.

The semi-annual rebalancing of the global index was announced late on Thursday and the changes to the MSCI India Index will come into effect after November 26.

Newly added and removed stocks in Morgan Stanley Capital International index

The eight additions MSCI India Index were: Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India, MSCI said in a statement.

Those six deleted were Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank.