MSCI adds Coromandel and Nykaa to its India Index, attracting $451 million in passive investments.

Global index provider MSCI announced that Coromandel International and Nykaa's parent company, FSN E-Commerce Ventures, will be added to the MSCI India Index, part of the MSCI Global Standard Index family, effective May 30, 2025. This addition is expected to bring in $252 million in passive inflows to Coromandel and $199 million to Nykaa. Additionally, MSCI made changes to the MSCI India Domestic Smallcap Index, adding 12 and removing 21 stocks. Weightage adjustments in the MSCI Standard Index could lead to increased investments in some stocks and minor outflows in others like HDFC Bank and ICICI Bank.