Life Insurance Corporation of India (LIC), Coforge, Adani Green Energy, and Meesho have been included in the MSCI Global Standard Index. Following these changes—part of the November 2026 index review—India’s weight in the global index will increase from 12.9 per cent to 13.1 per cent.
MSCI Inc. (formerly Morgan Stanley Capital International) has announced the results of its November 2026 review. All changes to the index will take effect after the market closes on November 30, 2026.
The addition of these four Indian companies will enhance India’s representation in the global index, with its weight increasing by 0.2 percentage points following the review.
Major entry for LIC into the MSCI Emerging Markets Index
LIC has been included as one of the three largest additions to the MSCI Emerging Markets Index, based on full company market capitalisation. Other companies in this list include China’s Zhongji Innolight H and Taiwan’s Nan Ya Printed Circuit Board Corporation.
Meanwhile, on a broader global scale, 13 securities will be added to the MSCI All Country World Index (ACWI), while 100 will be removed.
In the MSCI World Index, the US-based Moderna and Canada-based Aritzia have been included, based on their full company market capitalisation.
Changes to Small Cap and Frontier Market Indices
The November review also includes adjustments to the MSCI Global Small Cap Index. Within the MSCI ACWI Small Cap Index, 171 securities will be added, while 243 will be removed. Under the MSCI Global Investable Market Index (GIMI), the ACWI Investable Market Index (IMI) will see the addition of 113 securities and the removal of 272. Meanwhile, 140 new securities will be added to the MSCI World All Cap Index, while 100 will be removed.
In the Frontier Markets category, 12 securities will be added to the MSCI Frontier Markets Index, and 10 will be removed. Based on full company market capitalisation, Oman Arab Bank (Oman), BRAC Bank (Bangladesh), and NCBA Group (Kenya) have emerged as the three largest new additions to this index.
Additionally, 100 securities will be added to the MSCI Frontier Markets Small Cap Index, and 21 will be removed.
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