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MSCI adds Nykaa & Paytm in India Standard Index; Tata Elxsi, CONCOR exit
MSCI reshuffles its India indices: Nykaa and Paytm in, Tata Elxsi & CONCOR out, sparking re‑allocation flows.
In the November 2025 semi‑annual index review, MSCI Inc. announced that FSN E‑Commerce Ventures (Nykaa) and One 97 Communications (Paytm) will be among six new additions to the India Standard Index, while Tata Elxsi and Container Corporation of India (CONCOR) are removed.
The re‑weighting reflects shifting market‑cap patterns and investor flows in Indian equities. Index‑trackers and passive funds will need to adjust allocations, potentially injecting fresh liquidity into the added stocks and applying pressure on those removed.