Shares of Bank of Baroda on Tuesday fell by over 3 per cent after Morgan Stanley Capital International (MSCI) said it will remove the stock from its global standard indices from June 2.

The bank’s scrip tanked 3.17 per cent to settle at Rs. 938.45 on the BSE. During the day, the stock fell by 3.48 per cent to Rs. 935.40.

At the NSE, the scrip was down 3.12 per cent to Rs. 938.85.

On the volume front, 2.88 lakh shares of the company changed hands at the BSE, while over 18 lakh shares were traded on the NSE during the day.

Bank of Baroda will be deleted from the MSCI global standard indexes with effect form June 2, 2014, the U.S.-based provider of global benchmark indices said on Monday.

The broader market ended on a flat note, with the BSE 30-scrip index Sensex, up by 13.83 points at 24,376.88.

More In: Markets | Business