As many as four companies — Avenue Supermarts, Biocon, HDFC Standard Life Insurance Company and InterGlobe Aviation — will be added to the MSCI India Index effective June 1.
The news triggered buying in most of these companies, with shares of Avenue Supermarts surging 6.5%to ₹1,516.80 on the BSE.
InterGlobe soared 5% to ₹1,248.55 and Biocon rose 2.49% to ₹650. The scrip of HDFC Standard Life however, fell sharply by 8.14% to ₹496.30. IDFC Bank, Power Finance Corporation and Vakrangee will move out of the index, according to a statement.
