Four Indian companies—Fortis Healthcare, GE Vernova, Paytm, and Siemens Energy—have been included in the Global Standard Index as part of MSCI's November review. This is likely to increase foreign investment in these shares and foster positive market sentiment.
MSCI Index November Review: MSCI, a leading institution that compiles global indices, has released its November 2025 review. In this review, four new Indian companies have been added to the MSCI Global Standard Index. These companies are Fortis Healthcare, GE Vernova, One97 Communications (Paytm), and Siemens Energy. The inclusion of these companies in the index signifies global investors' growing interest in the Indian market.
This MSCI review will come into effect from December 1, 2025. This change could lead to significant shifts in the direction of Foreign Institutional Investment.
Importance of MSCI Index
MSCI (Morgan Stanley Capital International) is an institution that compiles benchmark indices for global stock markets. Large fund managers, mutual funds, pension funds, and hedge funds worldwide make investment decisions based on MSCI indices.
When a company is included in the MSCI Global Standard Index, then:
- The likelihood of increased foreign investment in that company's shares rises.
- Demand for the stock increases, which can lead to a rise in its share price.
- The company's global recognition and credibility are strengthened.
For this reason, becoming a part of MSCI is considered a significant strategic achievement for any company.
New Indian Companies Included in Global Standard Index
According to MSCI's review, four Indian stocks have been added to the Global Standard Index this time.
Included Stocks:
- Fortis Healthcare
- GE Vernova
- One97 Communications (Paytm)
- Siemens Energy
Excluded Stocks from Index:
- Container Corporation of India (Concor)
- Tata Elxsi
These changes are expected to bring about sectoral movements and shifts in investor preferences in the Indian stock market.
Reason for Inclusion of These Companies
Before including any company in an index, MSCI considers aspects such as its market capitalization, free float, price performance, and investor response.
Over the past 12 months, the shares of these four companies have delivered b returns.
Performance over the Last One Year:
- Fortis Healthcare recorded a gain of approximately 41%.
- GE Vernova saw a jump of 51%.
- Paytm (One97 Communications) witnessed a rise of 24%.
- Siemens Energy is up 14% since its listing.
- In comparison, the Nifty 50 index rose by only 8.2% during the same period.
This means these companies have performed better and more stably than the broader market.
Potential for Foreign Investment Inflows
Following an MSCI review, stocks included in the index typically see increased buying by foreign funds.
According to estimates by Nuvama Alternative & Quantitative Research, these four stocks could attract foreign investment ranging from $252 million to $436 million, equivalent to ₹2,100 crore to ₹3,600 crore.
On the other hand, stocks removed from the index, namely Container Corp and Tata Elxsi, could see outflows of up to $162 million.
This situation might generate short-term volatility in the market, but overall, the growth momentum of the Indian market remains b.
Changes in Domestic MSCI Index
MSCI has also made revisions to its domestic Indian index.
Inclusion in this index affects the investment strategies of domestic funds.
Companies Included in Domestic Index:
- Fortis Healthcare
- FSN E-Commerce Ventures (Nykaa)
- GE Vernova
- Indian Bank
- One97 Communications (Paytm)
- Siemens Energy India
Companies Removed from Index:
- Container Corp
- Tata Elxsi
These changes clarify the direction of investment in the banking, healthcare, digital payment, and industrial sectors.
- Rebalancing in Small Cap Index
- This time, 7 new companies were included and 33 companies were removed from the MSCI India Domestic Small Cap Index.
Included Companies:
- Astral
- Blue Jet Healthcare
- Container Corp
- Honeywell Automation
- Leela Palaces
- Tata Elxsi
- Thermax
This indicates that MSCI is also focusing on long-term growth models for small and mid-cap companies.
Previously Included Indian Stocks
In the August 2025 MSCI review, Swiggy, Vishal Mega Mart, Hitachi Energy, and Waaree Energies were included in the Global Standard Index.
This continuous inclusion of Indian companies indicates that the Indian corporate sector is rapidly expanding on a global scale.
