MSCI Shake-Up: Lenskart, Groww Enter Global Elite Club as SBI Cards, Astral Exit
What Happened
Global index provider MSCI has announced changes to its widely tracked Global Standard Index as part of its August 2026 review. Four Indian companies will be added: Laurus Labs, Lenskart, Adani Energy Solutions, and Groww (Billionbrains Garage Ventures). Three companies will be removed: Balkrishna Industries, SBI Cards, and Astral. The changes take effect on September 1, 2026, after market close on August 31.
Key Takeaways
The reshuffle highlights India's rising importance in global equity benchmarks and could drive significant foreign investment flows into newly included stocks, particularly Laurus Labs and Lenskart.