MSCI Rejig: Paytm, Fortis Added While Tata Elxsi Dropped from Standard Index

On November 6, 2025, MSCI released its latest review for the India Standard Index, highlighting significant inclusions and exclusions. This update reflects continuous realignment in global indices, directly impacting stock flows and market sentiment.

Key Changes in MSCI India Standard Index

MSCI has added 4 companies to the India Standard Index: Fortis Healthcare, One97 Communications (Paytm), GE Vernova T&D, and Siemens Energy India. Meanwhile, Tata Elxsi and Container Corporation of India (CONCOR) have been removed from the Standard Index and included in the Smallcap Index. 

Following these changes, India's representation in the index increases from 161 to 163 companies, lifting the country's weightage to 15.6% from 15.5%.

Inflows and Outflows from Index Adjustments

Fortis Healthcare leads anticipated inflows with $436 million, followed by Paytm with $424 million. GE Vernova T&D and Siemens Energy India are set to see inflows of $351 million and $252 million respectively. 

On the contrary, exclusions such as Tata Elxsi and CONCOR are expected to witness outflows of $162 million and $146 million, respectively.

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Weightage Revisions for Select Stocks

8 companies will see an increase in their weight. Asian Paints tops the list with an inflow projection of $95 million, followed by Apollo Hospitals ($41 million), Lupin ($35 million), SRF ($34 million), Suzlon Energy ($30 million), Yes Bank ($28 million), Alkem Laboratories ($27 million), and Jubilant Foodworks ($15 million).

Stocks Facing Weight Reductions

6 companies will have their weightage reduced in the MSCI Index, with Samvardhana Motherson and Dr Reddy’s Laboratories facing the largest estimated outflows of $53 million and $51 million, respectively. Others include REC ($47 million), Zydus Lifesciences ($45 million), Bharat Forge ($31 million), and Colgate-Palmolive India ($29 million).

Conclusion

The MSCI India Standard Index reshuffle reflects market dynamics and has impacted both inclusions and exclusions significantly. With India's index weight increasing and fresh additions offering improved liquidity, the changes are expected to align the index more closely with evolving market capitalisation trends.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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