MSCI revision: CG Power, Bank Baroda look bullish on charts; avoid Biocon

Biocon share may slip up to 21 per cent if breaks 52-week low

In the recent review, Morgan Stanley Capital International (MSCI) added Bank of Baroda and CG Power and Industrial Solutions, while excluded Biocon from its India Index. MSCI evaluates its indices on a semi-annually and quarterly basis. 

This move shall bring cheers to investors whose stocks are included in MSCI, as more inflows are expected, leading to a rise in the stock price. Likewise, stocks excluded from the index see outflows, inevitably resulting in a sell-off from a short term perspective. 

Meanwhile, the stock price performance of CG Power and Industrial Solutions has been fearless, despite the benchmark indices, BSE Sensex