---
title: "Four Indian stocks added, four excluded from key global index in MSCI's May rejig"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286209154.md"
description: "MSCI has announced changes to its Global Standard Index, adding four Indian stocks: Federal Bank, Multi Commodity Exchange of India, National Aluminium, and Indian Bank, effective May 29, 2026. Four stocks will be removed: Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers, and Rail Vikas Nigam. India's weight in the index remains stable at 12.3%. Expected passive inflows into the added stocks total $1.38 billion, while the excluded stocks may see outflows of $715 million. The small-cap index also experienced significant deletions, reducing India's small-cap count to 459."
datetime: "2026-05-13T06:22:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286209154.md)
  - [en](https://longbridge.com/en/news/286209154.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286209154.md)
---

# Four Indian stocks added, four excluded from key global index in MSCI's May rejig

By Bharath Rajeswaran

May 13 (Reuters) - Global index provider MSCI added four Indian stocks and removed four from its widely tracked Global ‌Standard Index in its latest periodic review, announced earlier on ‌Wednesday, with the changes set to take effect on May 29, 2026.

Federal Bank, Multi Commodity ​Exchange of India, National Aluminium and Indian Bank will enter the index, while Hyundai Motor India, Jubilant Foodworks, Kalyan Jewellers and Rail Vikas Nigam will be excluded.

India's weight in the MSCI Global Standard Index remains broadly steady at ‌12.3%, compared with 12.4% after ⁠the February review, while the number of Indian constituents is unchanged at 165.

Adani Energy Solutions, initially seen as a ⁠provisional addition, has been left out after being placed under the NSE's additional surveillance mechanism framework, a watchlist for unusual trading activity that makes the ​stock ineligible ​for inclusion.

MSCI indexes are key global ​benchmarks tracked by large passive ‌funds, making index changes a significant driver of stock-specific flows.

Inclusions typically attract fresh passive capital, while deletions often trigger outflows as funds rebalance portfolios.

Nuvama Quantitative and Alternative Research expects passive inflows of $491 million into Federal Bank, $373 million into MCX, $308 million into National Aluminium and $209 million into Indian Bank.

On the ‌other side, Hyundai Motor India, Jubilant Foodworks, ​Kalyan Jewellers and Rail Vikas Nigam are ​projected to see outflows of $281 ​million, $161 million, $137 million and $136 million, respectively.

Adani Power, BPCL, FSN ‌E-Commerce, Trent and Oracle Financial Services are ​also expected to ​draw inflows due to higher weightages, while weights for HUL, Bajaj Finance, TCS, ONGC and Ultratech Cement, among others, were trimmed.

While the ​Global Standard Index saw ‌balanced additions and deletions, MSCI's small-cap index had heavier exclusions, reducing ​India's small-cap count to 459 from 474.

(Reporting by Bharath Rajeswaran ​in Bengaluru; Editing by Ronojoy Mazumdar)

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