MSCI India Index adds four stocks, removes three in August review

MSCI has added Laurus Labs, Lenskart Solutions, Adani Energy Solutions and Groww to its India Index, while removing Balkrishna Industries, SBI Cards and Payment Services, and Astral, with the changes taking effect on September 1, 2026.

The changes were announced on August 13 as part of MSCI’s August 2026 review. Following the rejig, the MSCI India Index comprises 166 constituents.

The adjustments are expected to affect portfolio allocations and investor strategies as funds tracking or benchmarking the index review their holdings. The research also indicates that the changes may lead to higher trading volumes and stock-specific volatility, particularly during the final minutes of the trading session.

The rejig is expected to provide the first major test of India’s new closing auction system. The system’s interaction with index-related trading could therefore be closely watched during the implementation of the changes, although the available research does not quantify the likely volume or price impact for any of the affected stocks.

Stocks added and removed

• Added: Laurus Labs, Lenskart Solutions, Adani Energy Solutions and Groww.
• Removed: Balkrishna Industries, SBI Cards and Payment Services, and Astral.
• Resulting index size: 166 constituents.
• Effective date: September 1, 2026.

The changes apply to the composition of the MSCI India Index. The research packet does not provide the weight assigned to the incoming stocks, the weights of the securities being removed, or estimates of potential fund flows. It also does not specify how individual shares may perform after the changes take effect.