Markets

MSCI Global Standard Index Broadens with Inclusion of Indian Stocks

Published November 15, 2023

The MSCI Global Standard Index, a leading equity gauge for international investors, is set to widen its canvas with the addition of nine Indian companies, marking a significant development for the South Asian equity market. This move underlines India’s expanding influence on the global investment landscape. Leading the roster of newcomers is IndusInd Bank, followed by Tata Motors DVR and Suzlon Energy, all of which reflect diverse sectors of the Indian economy. The index provider's decision is poised to boost the visibility and potential investments for these companies.

Comprehensive Enlargement

Accompanying the trio on the list of entrants to the MSCI Global Standard Index, One 97 Communications secures its position alongside other prominent names. The list elaborates further with additional stocks including Tata Communications, APL Apollo Tubes, and Macrotech Developers, among others. These companies, handpicked for inclusion, have demonstrated strong fundamentals and growth prospects, catching the eye of the index compiler.

The reconfiguration of the MSCI index is not just a triumph for the selected companies; it embodies the growing economic momentum of India as a whole. It’s seen as a nod to the robust corporate governance and promising financial metrics that have come to characterize these Indian enterprises. For investors, the newly enriched MSCI Global Standard Index offers a broader exposure to India’s burgeoning market.

Tapping into the Potential of Vodafone Group Plc VOD

Amid this reconfiguration, it’s worth noting the potential of stocks like Vodafone Group Plc VOD, which is an established entity in the telecommunications sector with operations spanning Europe and other international markets. Headquartered in Newbury, the United Kingdom, Vodafone represents the kind of global connectivity and technological prowess that is complementary to the progressive narrative of the MSCI index’s latest constituents.

MSCI, India, Inclusion