Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Glenmark, Jain Irrigation, Thermax Fall After MSCI Index Removal

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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.