Index provider MSCI announced the results of its November 2026 index review in the early hours of Thursday, November 12, adding four Indian companies — Life Insurance Corporation of India (LIC), Coforge, Adani Green Energy and Meesho — to the MSCI Global Standard Index, while PI Industries was deleted from it.

Source: CNBC-TV18 via TradingView

MSCI said all changes from the review will be implemented as of the close of November 30, 2026. In its official highlights, MSCI named LIC among the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation, alongside Zhongji Innolight H of China and Nan Ya Printed Circuit Board Corporation of Taiwan.

Source: MSCI November 2026 Index Review announcement

4Indian additions to the Global Standard Index
1Deletion from the Standard Index — PI Industries
12.9% to about 13.1%India's emerging-market index weight (CNBC-TV18)
30 Nov 2026Changes take effect at the close

With the net addition of three stocks, India's weightage in the standard emerging-market index will rise from 12.9% to 13.1% after implementation, CNBC-TV18 reported. The MSCI India Small Cap index separately saw 11 inclusions and 29 removals in the same review.

Index changes matter because funds that track MSCI benchmarks must buy the stocks that enter an index and sell those that leave it when the rebalancing takes place. Ahead of the announcement, brokerage Nuvama had estimated that if the four expected names were included, the review could draw roughly $1.5 billion in net passive inflows — an estimate made before the results, not a figure for money that has already moved.

What happens next: the revised constituents take effect at the close on November 30, when index-tracking funds carry out their rebalancing. MSCI's published results remain subject to relevant adjustments before implementation.