MSCI Global Standard Index Rebalancing: Adani Energy, MCX, Federal Bank Added; RVNL, Hyundai Motor, Kalyan Jewellers Removed

Global Index Provider MSCI Announces Changes to MSCI India Index

The Multi Commodity Exchange of India (MCX) and National Aluminium Company shares have been added to the MSCI Global Standard Index as part of MSCI's May 2026 index review. The global index provider announced the changes on Tuesday. In addition to these new additions, shares of Adani Energy Solutions, Federal Bank, Indian Bank, and National Aluminium Company will also be included in the MSCI Global Standard Index.

As part of the same review, MSCI has excluded Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers, and Rail Vikas Nigam Ltd (RVNL) from the MSCI India Index, which is a part of the Global Standard Index. The changes in constituents for the MSCI Global Standard Indexes will take place as of the close of May 29, 2026.

The weightage of stocks like Adani Power, Bharat Petroleum Corproation Ltd (BPCL), FSN E-Commerce Ventures (Nykaa), Oracle Financial Services Software, and Trent will increase in the MSCI Standard Index. On the other hand, around 75 stocks will see their weight decline in the index. These include Bajaj Finance, Coal India, Hindustan Unilever (HUL), Infosys, ONGC, Tata Consultancy Services (TCS), UltraTech Cement, Hindustan Aeronautics (HAL), Mahindra & Mahindra, Nestle India, among others.

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