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MSCI adds four Indian stocks to key global index as part of November review

By Reuters News

Nov 12 (Reuters) - Index provider MSCI has added four Indian companies to its flagship Global Standard index and increased weights of eleven other stocks as part of its November index review, effectively also raising India's weight in its emerging market index.

Adani Green Energy ADNA.NS, IT company Coforge COFO.NS, Life Insurance Corporation of India LIFI.NS and e-commerce company Meesho MEES.NS are the additions to the flagship index. The index provider also removed agrochemicals maker PI Industries PIIL.NS.

"India's weight in the MSCI EM Index is set to increase from 11.5% to 11.7%, translating into estimated incremental

passive inflows of around $2 billion," analysts at Nuvama Wealth Management said in a note.

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