MSCI India Rejig 2026: Full List Of Stock Additions And Exits
- 31st August 2026
- 12:00 PM
- 3 min read
Summary
The MSCI August 2026 India Index Review takes effect from 1 September 2026, after the close of trading on 31 August 2026. The revised standard index adds four stocks and removes three, while the MSCI India Domestic Small Cap Index sees a separate reshuffle of 12 additions and 19 removals.Mumbai | 31 August 2026
MSCI’s August 2026 review takes the number of constituents in the MSCI India Index to 166 from 165.
What Changed In The MSCI India Standard Index?
Four stocks were added to the MSCI India Index. Laurus Labs is an active pharmaceutical ingredients manufacturer, Lenskart Solutions is an omnichannel eyewear retailer, Adani Energy Solutions is the Adani Group’s power transmission and distribution arm, and Billionbrains Garage Ventures, the parent company of Groww, is a digital investment and broking platform. Three stocks were removed: Balkrishna Industries, SBI Cards and Payment Services, and Astral.
| Change | Stocks |
| Added (4) | Laurus Labs, Lenskart Solutions, Adani Energy Solutions, Billionbrains Garage Ventures |
| Removed (3) | Balkrishna Industries, SBI Cards and Payment Services, Astral |
Lenskart Solutions listed on the exchanges on 10 November 2025, and Billionbrains Garage Ventures listed two days later, on 12 November 2025. Both secured index inclusion within roughly ten months of their market debuts.
What Changed In The MSCI India Domestic Small Cap Index?
The August 2026 review added 12 securities to the MSCI India Domestic Small Cap Index and removed 19, a net reduction of seven constituents. Laurus Labs, added to the standard index, was removed from the smallcap index as part of the same migration.
| Additions (12) | Deletions (19) |
| Amagi Media Labs | Aurionpro Solution |
| Ather Energy | CMS Info Systems |
| Clean Max | Entero Healthcare |
| E2E Networks | GMR Power |
| Embassy Developments | ICRA |
| Patanjali Foods | Latent View |
| Rubicon Research | Laurus Labs (migrated to standard index) |
| Sedemac Mechatronics | MAS Financial Services |
| Sky Gold and Diamonds | Mastek |
| United Breweries | MOIL |
| Urban Company | Network 18 |
| WeWork India | Nippon Life |
| PTC India | |
| Rallis India | |
| Rashtriya Chemicals & Fertilizers | |
| RattanIndia Power | |
| Star Cement | |
| Transrail Lighting | |
| Valor Estate |
What Do Index Changes Mean For Passive Fund Flows?
Passive funds that track the MSCI India Index are required to mirror its composition. When a stock is added, these funds typically need to buy shares to match its new weight in the benchmark. When a stock is removed, funds holding it to track the index typically need to sell. These trades tend to concentrate around the effective date of the change, which for this review is 1 September 2026.
Specific passive-flow estimates for the individual stocks affected by this review were not independently available from PL Capital at the time of writing. Share price movement for the affected stocks on the day is also not covered here.
How Do The Changes Take Effect And What Comes Next?
The MSCI India Index tracks the large- and mid-cap segments of the Indian equity market and covers close to 85% of the country’s listed equity universe.
MSCI’s next regular index review is scheduled to be announced on 11 November 2026, with any changes taking effect from 1 December 2026.
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