MSCI rejig adds MCX, Indian Bank; drops RVNL, KJL

MSCI rejig adds MCX, Indian Bank; drops RVNL, KJL. MSCI added MCX and Indian Bank to its India index, effective August 30. RVNL and Kalyan Jewellers were removed due to size and liquidity criteria. Rebalancing may trigger passive fund inflows into new entrants and outflows from dropped stocks. Index rejigs often cause short-term volatility in F&O segments.

📊 STOCKS: MCX, INDIANB, RVNL, KJL | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #MSCI