MSCI August Rejig: Swiggy, Vishal Mega Mart added to flagship index. Check who else made the cut

Synopsis

MSCI’s August 2025 review adds Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies to its Global Standard Index, while removing Sona BLW Precision and Thermax. The reshuffle, effective August 26, is expected to trigger significant passive inflows and outflows.

In its latest review, MSCI has announced the inclusion of four Indian stocks into its Global Standard Index, effective as of the close of August 26, 2025. The additions, Hitachi Energy India, Swiggy, Vishal Mega Mart, and Waaree Energies, highlight the growing relevance of these companies in India’s evolving equity landscape and are expected to drive significant index-linked activity.

These inclusions are made on MSCI’s methodology, which considers market capitalisation, liquidity, and investability criteria.

MSCI has also announced the removal of two Indian stocks from the Global Standard Index:

• Sona BLW Precision
• Thermax

These changes are part of MSCI’s regular rebalancing activity and are aimed at maintaining index representativeness in line with global standards.

As per the latest estimates by Nuvama Alternative & Quantitative Research, the inclusions and exclusions in the MSCI India Index are expected to trigger substantial passive flows:

• Swiggy is expected to receive inflows of approximately $293 million
• Vishal Mega Mart may attract around $256 million
• Hitachi Energy India is estimated to draw $233 million
• Waaree Energies could see passive inflows of about $230 million

On the exclusion side:

• Sona BLW Precision could face outflows of $165 million
• Thermax may witness exits totalling $117 million

The additions in the smallcap index include:

• Belrise Industries
• Brainbees Solutions
• Capri Global Capital
• CSB Bank
• India Glycols
• Inventurus Knowledge
• Lloyds Enterprises
• Lumax Auto Technologies
• Nexus Select Trust
• Privi Speciality Chem
• Sona BLW Precision (moved from Standard Index)
• Thermax (moved from Standard Index)
• Transrail Lighting Ltd
• Yatharth Hospital Trauma
• Zinka Logistics Soln

Removals from the Small Cap Index include:

• Bharat Dynamics
• Easy Trip Planners
• Hikal
• Jain Irrigation Systems
• MSTC
• Protean EGov Tech

Overall, the MSCI announced that a total of 42 securities will be added to and 56 securities will be deleted from the MSCI ACWI Index.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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