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

Shares of Adani Transmission and Adani Total Gas plummeted by 5% on Friday after they were removed from the MSCI Global Standard Index, effective May 2023. The removal is expected to trigger outflows of $201m for Adani Transmission and $186m for Adani Total Gas, according to a report by Nuvama Alternative & Quantitative Research.