Adani Transmission, Adani Total shares tank 5% on ouster from MSCI Global Standard Index

Adani Transmission and Adani Total Gas stocks tanked on Friday following their ouster from the MSCI Global Standard Index. While Adani Transmission shares were trading at Rs 871.40 on the NSE in the opening trade — down by Rs 45.85 or 5% from the Thursday closing price, Adani Total Gas shares were trading at Rs 812.30 — falling Rs 42.75 or 5%.

The two exits come in the wake of changes in the MSCI Global Standard Index for the May 2023 review. The adjustments will take place on May 31, 2023.