Shares of Bank of Baroda today fell by as much as 2.5 per cent after MSCI said it will remove the stock from its global standard indices from June 2.
Despite a positive opening, BOB's stock pared the early gains and fell by 2.48 per cent to Rs 945.10 as the trade progressed on the BSE.
At the NSE, the scrip declined by 2.48 per cent to Rs 945.
Bank of Baroda will be deleted from the MSCI global standard indexes with effect form June 2, 2014, the US-based provider of global benchmark indices said yesterday.
The broader market was trading in the green, with the BSE 30-scrip index, Sensex, up by 22.63 points at 24,385.68 in the afternoon trade.