FSN E-Commerce Ventures Ltd.NYKAA₹197.35 -0.14%

FSN E-Commerce Ventures, the parent of beauty and fashion platform Nykaa, and Murugappa Group’s Coromandel International Ltd. are set to be included in the MSCI India Index, as part of the global provider’s semi-annual index review. The changes will come into effect after the market closes on May 30, 2025, MSCI announced early Wednesday. Post the announcement Nykaa shares surged up to 3%, reaching an intraday high of ₹204.45. 

The inclusion is expected to trigger significant passive inflows. 

Beyond the global standard index, GMR Airports Infrastructure Ltd. is among the new entrants to the MSCI India Domestic Index, while Sona BLW Precision Forgings Ltd. has been removed. Sona BLW, however, will now be added to the MSCI India Domestic Smallcap Index.

A total of 12 stocks have been added and 21 removed from the domestic smallcap index. Additions include Godrej Agrovet, Hexaware Technologies, and Premier Energies, while companies like Aarti Drugs, Prince Pipes, and Orchid Pharma have been excluded.

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