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PowerGrid in MSCI Emerging Market Index

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Satyam moves into small-cap index.

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Mumbai, Feb. 12 Morgan Stanley Capital International announced on Wednesday it would add Power Grid in its Emerging Market Indices; the scrip would be added after close of trading on February 27.

This was done as part of the MSCI quarterly Index Review.

Power Grid is one of the largest additions to the index; the other additions include Brazil’s Banco Nossa Caixa and Russia’s Federal Grid Ues (Rub).

The share price of Power Grid was up 5.09 per cent on the BSE on Thursday to close at Rs 90.85.

MSCI has also added Satyam Computer to its MSCI Emerging Market Small Cap Index along with Malaysia’s Knm Group. Satyam share price was down 2.23 per cent on the BSE to close at Rs 46.1 on Thursday.

The other MSCI indices, which have seen changes during the quarterly review, are the MSCI Global Value and Growth Indices, Global Islamic Indices, US Equity Indices and its US REIT Index.

(This article was published in the Business Line print edition dated February 13, 2009)
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