“Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed response to questions from Bloomberg News. “The price has since been corrected.”
Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31.
MSCI Inc on Thursday, reduced the weightage of 15 Nifty50 stocks as part of its May global index review. Two Adani stocks excluded from Standard Index. Watch this Visual Story to check inclusions, top gainers and top losers.
Morgan Stanley said that it is bullish on India's structural growth outlook and that growth will be driven by a digital infrastructure-empowered lending boom, demographics, domestic demand and improving Foreign Direct Investment (FDI).