The Hindu Business Line : MSCI India adds Unitech AB Nuvo, Videocon

Mumbai May 4 MSCI Barra, a leading provider of benchmark indices and risk management analytics products, today announced changes in its India index. Stocks such as Unitech, Aditya Birla Nuvo and Videocon Industries are the latest additions to the MSCI India index as of May 31, 2007.

The weight assigned to Unitech in the index is 0.81 per cent. Aditya Birla Nuvo has a weight of 0.52 per cent and Videocon Industries has 0.41 per cent in the MSCI India index.

However, there have been more deletions from the index. Moser-Baer, (current weight in the index 0.25 per cent), Bank of Baroda (0.24 per cent), Bajaj Hindusthan (0.22 per cent), Nicholas Piramal (0.19 per cent), Biocon Ltd. (0.18 per cent), Colgate-Palmolive India (0.18 per cent), Jet Airways India (0.17 per cent), Britannia Industries (0.11 per cent), Matrix Laboratories (0.08 per cent) and Arvind Mills (0.08 per cent) have been removed from the index.

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