According to reports from CNBC TV18, The Economic Times, ET Now, Business Standard, The Hindu BusinessLine, and The Financial Express, Laurus Labs Ltd. is among the four new additions to the MSCI India Index announced on Thursday, August 13. The other three companies joining the index are Lenskart Solutions Ltd., Adani Energy Solutions Ltd., and Billionbrains Garage Ventures Ltd., with Billionbrains being the parent company of discount broking firm Groww. As per Essential Business Intelligence, these additions will increase India's weight in the MSCI Standard Index to 11.9% from 11.8%, with the number of constituents rising to 166 from 165. According to Nuvama Alternative & Quantitative Research, the inclusion of the four stocks could attract potential inflows of up to $1.52 billion. The MSCI India Domestic Index will see no deletions, resulting in a net addition of 4 stocks. The changes will be implemented after the close of trading on August 31, 2026, and take effect on September 1, 2026.
According to Nuvama Alternative & Quantitative Research, the additions are expected to bring significant inflows into the new constituents. Laurus Labs is projected to see the largest inflow at $598 million, followed by Lenskart at $352 million, Adani Energy Solutions at $310 million, and Groww at $256 million. The rebalancing exercise will take place on Monday, August 31, 2026, with changes scheduled to be implemented after the adjustment and take effect from September 1, 2026. As per The Financial Express, these changes are closely watched by investors as MSCI indices are tracked by global institutional and passive funds, potentially triggering portfolio rebalancing and changes in stock-specific flows. The inclusion is expected to trigger significant buying by exchange-traded funds and other passive investors that replicate MSCI benchmarks. The actual market impact can vary depending on fund positioning and trading activity.
As reported by CNBC TV18, The Economic Times, ET Now, Business Standard, The Hindu BusinessLine, and The Financial Express, Astral Ltd., Balkrishna Industries Ltd., and SBI Cards and Payment Services Ltd. will be excluded from the MSCI India Index. Among the excluded names, Astral and Balkrishna Industries will be moved to the MSCI India Smallcap Index, while SBI Cards will be completely removed from the index. According to Essential Business Intelligence, the three exclusions are expected to see outflows of $169 million for Balkrishna Industries, $143 million for SBI Cards and $138 million for Astral. As per Nuvama Alternative, the exclusion of these three stocks is expected to result in net outflows of $140 million to $170 million. The review also recalibrated weights among existing index members, with Eternal projected to attract the largest incremental passive inflow at around $674 million following an increase in its weight.
According to the official announcement and Business Standard, the MSCI India Domestic Small Cap Index will see a broader reshuffle with 19 exclusions and 13 inclusions, resulting in a net reduction of 7 constituents and bringing the total number of constituents to 455 from 461. The additions include Amagi Media Labs, Ather Energy, Clean Max Enviro Energy Solutions, E2E Networks, Embassy Developments, Patanjali Foods, Rubicon Research, Sedemac Mechatronics, Sky Gold and Diamonds, United Breweries, Urban Company, and WeWork India Management. As per Essential Business Intelligence, the MSCI Small Cap Index will see 13 additions and 19 exclusions from India, with India's weight in the Small Cap Index increasing to 22.2% from 22.0%. Separately, The Hindu BusinessLine reports that the Small Cap index review also added companies including Amagi Media Labs, Ather Energy, Clean Max, E2E Networks, Embassy Developments, Patanjali Foods, Rubicon Research, Sedemac Mechatronics, Sky Gold and Diamonds, United Breweries, Urban Company and WeWork India, while removing 19 stocks.
According to The Financial Express, MSCI says its India index covers about 85% of the Indian equity universe across the large- and mid-cap segments. Among existing stocks, Eternal is expected to benefit the most from a weight increase, with estimated inflows of around $674 million. Adani Enterprises could see $202 million, followed by Adani Ports at $77 million. JSW Energy is expected to attract $34 million, Adani Power $28 million, GMR Airports $22 million, and Swiggy $13 million. On the other side, Reliance Industries could see the largest outflow from a weight reduction, with Nuvama estimating this at around $523 million. Jio Financial Services, Indian Hotels, AB Capital and Colgate could also see outflows. Notably, Lenskart and Groww are among the newer large listings to make the cut, with Lenskart listing on November 10, 2025, and Billionbrains Garage Ventures debuting just two days later, both now entering the MSCI India Index within less than a year of their stock-market listings.
