Vodafone Idea & Cadila may exit in MSCI India rejig

India’s three newly listed insurers — ICICI Lombard General Insurance, SBI Life Insurance, HDFC Life Insurance — and RBL Bank and Info Edge (India) could be included in MSCI India index in the upcoming re-balancing scheduled later this month. Vodafone Idea and Cadila Healthcare could exit.

Analysts believe these stocks might remain on the radar of FIIs over the coming weeks. Those entering the gauge might climb, while the reverse might happen to those exiting.

The MSCI quarterly index review results will be announced on May 13, and the effective date for rebalancing will be May 29, 2019.