MSCI Rejig: LIC, Meesho likely to enter India Standard Index; OFSS, Siemens Energy may be dropped
Life Insurance Corporation moved lower.
· LiveMint Markets
JM Financial expects the November 2026 MSCI India Standard Index review could add LIC and Meesho and exclude Oracle Financial Services Software and Siemens Energy India. The changes may generate estimated net passive inflows of about $1.4 billion; final decisions await MSCI’s announcement.
The analysis
Against that, the stock is -3.2% on the day at ₹383.25, and has returned -9.4% over three months. It sits 17% below its 52-week high. The insurance sector has moved -13.4% over the same period, so Life Insurance Corporation is running 4.0 points ahead of its peers.
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it. On the day the stock is -3.2%, so the market took notice.
For Life Insurance Corporation, the question is how much of this is already reflected in the price and how much re-rates the insurance peer set alongside it.
Market context
- The 6 companies named span 6 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 6 are higher: Oracle Financial Services leads at +0.6% and JM Financial trails at -5.5%.
- Over three months: Life Insurance Corporation (LIC) -9.4% against Insurance -13.4% (4.0 points ahead); Meesho +22.4% against Consumer & Retail -9.5% (31.9 points ahead); Siemens India -9.7% against Capital Goods & Engineering -5.3% (4.4 points behind); JM Financial -11.2% against Capital Markets -6.3% (4.9 points behind).
- At least 25% below the 52-week high: JM Financial (36%) and Siemens Energy India (28%).
- Meesho: 52-week and period figures are measured since it listed on 10 Dec 2025.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Life Insurance Corporation (LIC)LICI · Insurance | ₹383.25 | -3.2% | -3.0% | -9.4% | -17.1% | 0.9× | — |
| MeeshoMEESHO · Consumer & Retail · Listed 10 Dec 2025 | ₹223.01 | -0.8% | -2.1% | +22.4% | -7.3% | 0.4× | — |
| Siemens IndiaSIEMENS · Capital Goods & Engineering | ₹3,303.00 | -1.9% | -11.3% | -9.7% | -19.7% | 0.6× | — |
| JM FinancialJMFINANCIL · Capital Markets | ₹107.78 | -5.5% | -16.5% | -11.2% | -35.7% | 1.1× | — |
| Oracle Financial ServicesOFSS · IT | ₹9,995.00 | +0.6% | -6.0% | -10.3% | -20.3% | 0.8× | — |
| Siemens Energy IndiaENRIN · Power | ₹2,803.30 | -0.3% | -12.4% | -10.2% | -27.6% | 0.5× | — |
Insurance
1M -5.4% · 3M -13.4%
Life Insurance Corporation (LIC)
Consumer & Retail
1M -4.9% · 3M -9.5%
Meesho
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Siemens India
Capital Markets
1M -2.9% · 3M -6.3%
JM Financial
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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