MSCI’s November 2025 semi-annual review has triggered major reshuffles across its India indices, with Nykaa and Paytm entering the MSCI India Standard Index alongside Fortis Healthcare, GE Vernova T&D India, Indian Bank and Siemens Energy India. Three stocks—Astral, CONCOR and Tata Elxsi—have been removed. The smallcap index saw a deeper churn with 7 additions and 33 deletions.