MSCI Inc.

New York Stock Exchange
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Bullish +75

MSCI rejig: Adani Energy, Groww, Laurus Labs, Lenskart shares in; Astral, SBI Cards out

📈 MSCI adds Adani Energy Solutions, Groww, Laurus Labs, and Lenskart Solutions to its MSCI India Index following the August 2026 review.

📉 Astral Ltd, Balkrishna Industries, and SBI Cards are excluded from the standard index but Astral is added to the Small Cap index.

💰 The rebalancing is projected to generate net passive inflows of approximately $1 billion into Indian equities.

📊 Specific estimated inflows include $598 million for Laurus Labs and $352 million for Lenskart Solutions.

🗓️ Changes will be implemented after trading closes on August 31, 2026, with effects starting September 1.

🇮🇳 India's weight in the MSCI Global Standard Index increases from 11.8% to 11.9% post-rebalancing.

🏢 The MSCI Small Cap Index will see 13 additions and 19 exclusions for Indian constituents.

📉 Reliance Industries faces a weighting reduction due to an increase in founder stake reducing free float.

Bullish Signals
  • MSCI inclusion of Adani Energy Solutions, Groww, Laurus Labs, and Lenskart Solutions is expected to drive significant passive capital inflows.
  • Laurus Labs is projected to receive approximately $598 million in potential inflows from passive investors.
  • Lenskart Solutions is estimated to attract around $352 million in new passive investment flows.
  • Adani Energy Solutions is forecasted to see roughly $310 million in inflows following the index addition.
  • Groww (Billionbrains Garage Ventures) is expected to garner approximately $256 million in potential passive capital.
  • India's overall weight in the MSCI Global Standard Index increases, signaling broader investor interest in the market.
Full Analysis
Global index provider MSCI announced its August 2026 review, resulting in significant changes to its Global Standard and Small Cap indices for Indian equities. Four stocks were added to the MSCI India Index: Adani Energy Solutions, Groww (via Billionbrains Garage Ventures), Laurus Labs, and Lenskart Solutions. Conversely, Astral Ltd, Balkrishna Industries, and SBI Cards and Payment Services were excluded from the standard index. The rebalancing also impacted the MSCI Global Small Cap Index, which saw 14 Indian stocks added, including L&T Technology Services and Ather Energy, while 19 were removed. Notably, Astral was included in the small-cap list despite its exclusion from the standard index. These changes will be implemented after trading closes on August 31, 2026, taking effect on September 1. The adjustments are expected to drive net passive inflows of approximately $1 billion into Indian stocks via ETFs and other passive investors tracking MSCI benchmarks. Specific estimated inflows include roughly $598 million for Laurus Labs, $352 million for Lenskart, $310 million for Adani Energy Solutions, and $256 million for Groww. Additionally, India's overall weight in the MSCI Global Standard Index is set to rise from 11.8% to 11.9%.