MSCI has announced changes to MSCI India index constituents under its May 2009 Semi
Annual Index Review (SAIR). There will be 3 additions to, and 4 deletions from the MSCI India Index. New number of constituents will be 58. Changes will be effective from as of close on May 29, 2009. Based on these changes, India country weight in the MSCI EM Index will reduce marginally from 6.47% to 6.36%.
Additions: Idea Cellular, Bajaj Auto and United Phosphorus
Deletions: Essar Oil, Unitech, Tata Communications, and Indian Hotels
Significant weight changes: Reliance Petroleum (+0.62%), Tata Consultancy (+0.36%) and Grasim (-0.43%).