Nykaa and Paytm Added to MSCI India Index; Tata Elxsi and CONCOR Removed

Published By DPRJ Universal | Published on Thursday, 6 November 2025

Nykaa and Paytm are among six new additions to the MSCI India Standard Index following the November 2025 semi-annual review. Fortis Healthcare, GE Vernova T&D India, Indian Bank, and Siemens Energy India also joined, while Astral, CONCOR, and Tata Elxsi were removed. The smallcap index saw significant changes with 7 additions and 33 deletions.

The November 2025 semi-annual review by MSCI has led to major changes in its India indices. Nykaa and Paytm are now included in the MSCI India Standard Index, along with Fortis Healthcare, GE Vernova T&D India, Indian Bank, and Siemens Energy India. Three stocks—Astral, CONCOR, and Tata Elxsi—have been removed from the index. The smallcap index experienced even greater turnover, with seven new stocks added and 33 deleted. These changes reflect the evolving landscape of Indian equities and are expected to influence investor strategies and market dynamics.