Ticker	Volume	Price	Price Delta
DJIA	15,197.90	-109.29	-0.71%
S&P 500	1,637.84	-17.51	-1.06%
Nasdaq	3,428.40	-34.90	-1.01%

Ticker

Volume

Price

Price Delta

DJIA

15,197.90

-109.29

-0.71%

S&P 500

1,637.84

-17.51

-1.06%

Nasdaq

3,428.40

-34.90

-1.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,765.31	-69.70	-2.46%
FTSE 100	6,698.88	-141.39	-2.07%
DAX	8,319.94	-210.95	-2.47%

Ticker

Volume

Price

Price Delta

STOXX 50

2,765.31

-69.70

-2.46%

FTSE 100

6,698.88

-141.39

-2.07%

DAX

8,319.94

-210.95

-2.47%

Ticker	Volume	Price	Price Delta
Nikkei	14,484.00	-1,143.28	-7.32%
Hang Seng	22,669.70	-591.40	-2.54%
S&P/ASX 200	5,062.45	-102.92	-1.99%

Ticker

Volume

Price

Price Delta

Nikkei

14,484.00

-1,143.28

-7.32%

Hang Seng

22,669.70

-591.40

-2.54%

S&P/ASX 200

5,062.45

-102.92

-1.99%

Glenmark, Jain Irrigation, Thermax Fall After MSCI Index Removal

By Adi Narayan - 2011-02-28T13:03:07Z

Glenmark Pharmaceuticals Ltd., Jain Irrigation Systems Ltd., and Thermax Ltd. fell after the stocks ceased to be part of the MSCI India Index today.

“Funds tracking this MSCI index would have sold the stocks today,” Chirag Dagli, vice president of research at ICICI Securities Ltd. in Mumbai, said in a phone interview.

Glenmark fell 9.9 percent to 251.3 rupees at the 3:30 p.m. close in Mumbai, the steepest decline since Aug. 19 2009. Jain Irrigation declined 7.3 percent to 182.95 rupees. Thermax, a power equipment maker, retreated 7.3 percent to 556.15 rupees. The Bombay Stock Exchange’s Sensitive index rose 0.7 percent.

To contact the reporter on this story: Adi Narayan in Mumbai at anarayan8@bloomberg.net.

To contact the editor responsible for this story: Jason Gale at j.gale@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.