Global Index Update: Nykaa and Coromandel International Join MSCI India Index

In a significant development for the Indian market, FSN E-Commerce Ventures Ltd, the parent company of the renowned beauty and fashion retailer Nykaa, along with Coromandel International, are poised to join the MSCI India Index. This move, announced by the global index provider MSCI, is set to take effect from May 30, 2025.

Market Reaction and Future Prospects

Following the announcement, FSN E-Commerce Ventures' shares witnessed a 3.44% increase on the BSE, showcasing investor confidence. Conversely, Coromandel International’s stock experienced volatility, initially rising by 1.82% before settling nearly 4% lower by the end of the trading session.

MSCI Global Smallcap Indexes: Additions and Removals

The MSCI Global Smallcap Indexes will see 11 new additions, including notable names such as AWL Agri Business, ACME Solar Holdings, and Tata Technologies. On the flip side, 22 companies are slated for removal, marking a significant reshuffle in the index's composition.

This strategic update by MSCI underscores the dynamic nature of the global investment landscape and highlights the growing prominence of Indian companies on the world stage.