Global index provider MSCI mulls not including stocks under ASM in indices

Market participants complain about stringent trading measures on some frontline stocks

Samie Modak | Mumbai
Last Updated at February 15, 2023 22:19 IST

MSCI rebalancing could see addition of three Indian stocks, two deletions

Global index provider MSCI is considering a proposal to make securities under the Additional Surveillance Measure (ASM) ineligible to be part of its indices, said people in the know. The move has been triggered by the recent rout in Adani Group stocks, after which some fund managers had troubles buying and selling shares of firms that were moved to the ASM framework by the National Stock Exchange (NSE), they said.

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