STOCK MARKET BSE NSE

MSCI adds Tech Mahindra, Yes Bank, Nestle; removes four cos

Published: 08th November 2013 03:45 PM  |   Last Updated: 08th November 2013 04:33 PM   |  A+A-

RTR3C8XN
By PTI

The MSCI (Morgan Stanley Capital International) India index will see the addition of three companies, including Tech Mahindra and Yes Bank, while four entities would be dropped with effect from November 26, 2013.

Index provider MSCI had yesterday said it would add shares of Nestle India, Tech Mahindra and Yes Bank to its MSCI India index.

However, Bank of India, Canara Bank, Wockhardt and Unitech would be dropped from the index, as per a statement dated November 7, 2013.

All the changes would be effective as of the close of trade on November 26, the index provider said.

Reacting to the news of addition, Tech Mahindra shares were trading 5.80 per cent higher, while Nestle India rose by 0.70 per cent at the BSE.

On the other hand, shares of Bank of India were quoting 0.97 per cent lower, while Canara Bank dropped by 1.63 per cent, Wockhardt (-1.65 per cent) and Unitech (-0.30 per cent).

MSCI is a leading provider of benchmark indices globally.  



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp