New Delhi, May 14 – FSN E-Commerce Ventures Ltd, the parent company of beauty and fashion retailer Nykaa, along with fertilizers major Coromandel International, will be included in the MSCI India Index as part of the latest semi-annual review by global index provider MSCI.
The rebalancing will take effect from May 30, 2025, and is part of broader adjustments in the MSCI Global Standard Indexes, which serve as a benchmark for global institutional investors.
Market Reaction
Following the announcement, Nykaa shares rose 3.44% on the Bombay Stock Exchange (BSE). Coromandel International initially gained 1.82%, but later reversed course, ending the session with a nearly 4% decline.MSCI Smallcap Index Reshuffle: 11 Inclusions, 22 Exits
In the MSCI Global Smallcap Indexes, 11 companies are set to be added, while 22 will be removed, also effective May 30.Additions to MSCI Global Smallcap Index:
- AWL Agri Business
- ACME Solar Holdings
- Authum Investment
- Dr Agarwals Health Care
- Godrej Agrovet
- Hexaware Technologies
- International Gemmological
- Le Travenues Technology
- Sagility India
- Sai Life Sciences
- Tata Technologies
Removals from MSCI Global Smallcap Index:
- Aarti Drugs
- Allcargo Logistics
- Coromandel International
- E2E Networks
- Electronics Mart India
- Gateway Distriparks
- Godrej Industries
- Greenpanel Industries
- Gujarat Alkalies
- HeidelbergCement
- Hemisphere Properties
- Moschip Technologies
- NOCIL
- Orchid Pharma
- Orissa Minerals Development Company
- Paisalo Digital
- Patel Engineering
- Prince Pipes and Fittings
- Rossari Biotech
- Share India Securities
- Shyam Metalics
- TeamLease Services
About MSCI
MSCI is a globally recognized provider of critical decision support tools and indexes used by the international investment community to manage portfolios and allocate assets effectively.The upcoming changes are expected to influence portfolio rebalancing by institutional investors tracking MSCI benchmarks.