Cairn India, Bank of Baroda and Godrej Consumer Products has been included in MSCI global indices effective 1st jun 2012. These stocks have rallied in an otherwise weak market.
Godrej Consumer Products has rallied over 9% to Rs 567 on the National Stock Exchange. Cairn India and Bank of Baroda are up 3% each on back of huge volumes.
However, Suzlon Energy has slipped 5% at Rs 18.85 on removal from the MSCI index. All changes in MSCI indices will be implemented on close of May 31, 2012.