MSCI adds four Indian firms to global index

Index provider MSCI has added four Indian companies to its flagship Global Standard index and increased weights for 11 others. The changes boost India's weight in the MSCI Emerging Markets Index to 13.15 percent following the November review.

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FILE PHOTO: A security guard walks past logos of Life Insurance Corporation of India (LIC) and Bombay Stock Exchange (BSE) inside the BSE building in Mumbai, India, May 17, 2022. REUTERS/Niharika Kulkarni/File Photo

MSCI INC added four India companies to its flagship Global Standard index and lifted 11 weights in its November review. The additions lift the country's weighting in the benchmark emerging markets gauge. Foreign inflows into local equities accelerated during the month.