India, Aug. 13 -- The MSCI rejig refers to the quarterly process where Morgan Stanley Capital International (MSCI), a leading global index provider, reviews and rebalances its stock indices. During this update, MSCI may add or remove stocks and adjust the weightings of companies within the indices.

MSCI has Quarterly Index Reviews (QIRs) in February and August and Semi-Annual Index Reviews (SAIRs) in May and November. While all four involve rebalancing, the May and November reviews are generally more comprehensive.

These adjustments are driven by factors such as a company's market capitalization, trading volumes, and the proportion of shares available for public trading (free float). This process ensures that the indices stay aligned wi...