MSCI adds LIC, Adani Green, Coforge and Meesho to India index
The November 2026 review results in four additions and one removal from the MSCI Global Standard Index.
MSCI has added Life Insurance Corporation of India (LIC), Adani Green Energy, Coforge and Meesho to its India Standard Index, according to reports from Moneycontrol and News18. The global index provider also removed PI Industries from the benchmark during its November 2026 review.
The changes, which were announced on November 11, are scheduled to take effect after the market closes on November 30. The review was based on share prices recorded as of October 20, 2026.
Following the review, India's weight in the MSCI Emerging Markets Standard Index is expected to rise to approximately 13.1 per cent from 12.9 per cent, according to CNBC-TV18. LIC was also identified as one of the three largest additions to the MSCI Emerging Markets Index by total market capitalisation, alongside Nan Ya Printed Circuit Board Corporation from Taiwan and Zhongji Innolight H from China.
Nuvama Alternative & Quantitative Research had previously estimated that the four additions could attract roughly $1.7 billion in passive inflows. Their projections suggested Coforge would receive $653 million, LIC $498 million, Adani Green Energy $300 million, and Meesho $254 million.
While Nuvama had also anticipated the removal of ICICI Prudential Life Insurance, News18 reported that the company has retained its place in the index. PI Industries, however, was excluded, with Nuvama estimating potential outflows of approximately $118 million for the firm.