LIC, Coforge And Meesho Set To Enter MSCI Standard Index As India’s Weight Rises To 11.7%; $2 Billion Inflows In Focus

The November rejig of the Morgan Stanley Capital International (MSCI) indices has brought four Indian stocks into the Standard Index. Life Insurance Corporation of India (LIC), Coforge Limited, Meesho Limited and Adani Green Energy Limited will be added, while PI Industries Limited will be removed. The changes are scheduled to take effect from 30 November 2026.

The changes are expected to raise India's weight in the MSCI Emerging Markets Index to 11.7%. The revision could bring around $2 billion in passive inflows into Indian equities.

Here is how these stocks were trading on the National Stock Exchange (NSE) at 9:35 am on 12 November 2026:

• LIC shares: ₹406.80, up 1.70%

• Coforge shares: ₹2,014, down 0.17%

• Meesho shares: ₹252.80, up 1.87%

• Adani Green Energy shares: ₹1,415, up 0.95%

• PI Industries shares: ₹1,763.90, up 0.16%

Coforge And LIC Lead Expected Inflows

The largest inflow among the new additions is expected to be from Coforge, at $630 million. LIC could attract $468 million, while Meesho and Adani Green may attract $348 million and $307 million, respectively. PI Industries, which is leaving the index, could see outflows of $119 million.

The review will also change the weights of existing constituents. Groww is estimated to attract the largest inflow among these stocks, at $97 million. Lenskart Solutions could attract $85 million, followed by JSW Steel at $69 million, Adani Energy Solutions at $60 million, Coal India at $52 million and Paytm at $48 million.

Other stocks expected to see inflows include Bharat Forge ($24 million), Oracle Financial Services Software (OFSS) ($23 million), Zydus Lifesciences ($20 million), Vedanta ($20 million) and Bosch ($10 million).

NTPC And Eicher Motors Among Outflows

Among stocks facing lower index weights, NTPC could see the largest outflow at $97 million. Eicher Motors may face $65 million in outflows, followed by Grasim Industries ($64 million), REC ($45 million), Hindustan Aeronautics Limited (HAL) ($44 million), Cipla ($38 million), GAIL India ($36 million), MRF ($30 million) and Siemens India ($10 million).

MSCI Smallcap Index Adds Shadowfax And HUDCO

The Smallcap Index will also see changes. PI Industries, despite leaving the Standard Index, will enter the Smallcap Index. Other additions include Shadowfax Technologies, Apollo Micro Systems, HUDCO, Diamond Power Infra, Aequs, Viyash Scientific, E2E Networks, SG Mart, Molbio Diagnostics and Axiscades Technologies.

Coforge will exit the Smallcap Index, with an estimated outflow of $97 million. Other exclusions include Hindustan Construction, Praj Industries, Arvind Fashions, Ion Exchange (India), Happiest Minds Technologies, India Cements, TTK Prestige, Shakti Pumps, Aditya Birla Fashion and Sandur Manganese and Iron Ores. Each of these excluded stocks could see outflows of up to $5 million.

Source

NSE

Also Read - Stock Market Update 12 November 2026: Sensex Drops Over 200 Points; Nifty 50 Below 25,200 At The Opening Bell