Global index provider MSCI has added eight Indian stocks to its global standard index as part of a quarterly review. The stocks include Cummins India, IDFC First Bank, REC, Supreme Industries, Ashok Leyland, Power Finance Corporation, Astral, and HDFC Asset Management.

Following the announcement, shares of Supreme Industries rose 16.25 per cent to reach its 52-week high of Rs 4,480 on the BSE. It later closed at Rs 4,074, thus marking a gain of 5.72 per cent.

Similarly, the REC stock rose 6.48 per cent to touch a 52-week high of Rs 230.70 before ending the day at Rs 224.25, an increase of 3.51 per cent over Thursday’s close.

Ashok Leyland rose 0.46 per cent to end Rs 187.10 after rising 2.55 per cent to touch a 52-week high of Rs 191 during the day while IDFC First Bank gained 0.65 per cent to settle at Rs 88.12. However, shares of Cummins India ended in the red as it fell by 1.51 per cent. Power Finance Corporation declined 1.10 per cent, HDFC AMC by 0.72 per cent and Astral by 0.04 per cent as they fell victim to profit booking after surging in intra-day trades.