MSCI tweaks its India index

Divi’s Laboratories and (UB) made their way into the in the global index provider’s semi-annual review. While the two stocks replaced United Phosphorus and GMR Infrastructure on the index, MSCI also tweaked the weightages of several top stocks on the index.

Analysts estimate that Divi’s and UB could attract foreign institutional flows worth $40 million each as part of the index rejig effective November 30. About $20 million worth of overseas money could move out of United Phosphorous and GMR each due to the changes, they said.

Foreign institutional investors such as index and exchange traded funds widely track the MSCI indices.
 

CHANGING ALLOCATIONS
The new weightage of companies in the tweaked MSCI India index
In % Weight Increase/Decrease
HDFC 8.24 0.75
Cairn India 1.21 0.63
HCL Tech 0.95 0.57
Divi's 0.35 0.35
Reliance Industries 7.89 0.11
Tata Motors 1.51 -1.45
UltraTech 0.54 -0.55
United Phosphorus 0.00 -0.20
Source: MSCI

MSCI has also announced change in weightages of several components on its India Index. These changes include significant reduction in weights of and UltraTech Cement, with additions in and Cairn India.

The weightage of Reliance Industries on the index will reduce by a slight 0.11 percentage points to 7.89 per cent. Shares of mortgage lender, HDFC, which will see a 0.75 percentage points increase in its weightage to 8.24 per cent, on Thursday rose 0.88 per cent to Rs 788.7 on the BSE. Meanwhile, Cairn India, which will see its weightage almost double to 1.21 per cent, on Thursday rose 1.61 per cent to Rs 337.40. Technology firm HCL Technologies, too, will see its weightage double to 0.95 per cent.

image
Business Standard
177 22
Business Standard

MSCI tweaks its India index

BS Reporter  |  Mumbai 



Divi’s Laboratories and (UB) made their way into the in the global index provider’s semi-annual review. While the two stocks replaced United Phosphorus and GMR Infrastructure on the index, MSCI also tweaked the weightages of several top stocks on the index.

Analysts estimate that Divi’s and UB could attract foreign institutional flows worth $40 million each as part of the index rejig effective November 30. About $20 million worth of overseas money could move out of United Phosphorous and GMR each due to the changes, they said.

Foreign institutional investors such as index and exchange traded funds widely track the MSCI indices.
 

CHANGING ALLOCATIONS
The new weightage of companies in the tweaked MSCI India index
In % Weight Increase/Decrease
HDFC 8.24 0.75
Cairn India 1.21 0.63
HCL Tech 0.95 0.57
Divi's 0.35 0.35
Reliance Industries 7.89 0.11
Tata Motors 1.51 -1.45
UltraTech 0.54 -0.55
United Phosphorus 0.00 -0.20
Source: MSCI

MSCI has also announced change in weightages of several components on its India Index. These changes include significant reduction in weights of and UltraTech Cement, with additions in and Cairn India.

The weightage of Reliance Industries on the index will reduce by a slight 0.11 percentage points to 7.89 per cent. Shares of mortgage lender, HDFC, which will see a 0.75 percentage points increase in its weightage to 8.24 per cent, on Thursday rose 0.88 per cent to Rs 788.7 on the BSE. Meanwhile, Cairn India, which will see its weightage almost double to 1.21 per cent, on Thursday rose 1.61 per cent to Rs 337.40. Technology firm HCL Technologies, too, will see its weightage double to 0.95 per cent.

RECOMMENDED FOR YOU

MSCI tweaks its India index

Divi’s Laboratories and United Breweries (UB) made their way into the MSCI India Index in the global index provider’s semi-annual review. While the two stocks replaced United Phosphorus and GMR Infrastructure on the index, MSCI also tweaked the weightages of several top stocks on the index.

Divi’s Laboratories and (UB) made their way into the in the global index provider’s semi-annual review. While the two stocks replaced United Phosphorus and GMR Infrastructure on the index, MSCI also tweaked the weightages of several top stocks on the index.

Analysts estimate that Divi’s and UB could attract foreign institutional flows worth $40 million each as part of the index rejig effective November 30. About $20 million worth of overseas money could move out of United Phosphorous and GMR each due to the changes, they said.

Foreign institutional investors such as index and exchange traded funds widely track the MSCI indices.
 

CHANGING ALLOCATIONS
The new weightage of companies in the tweaked MSCI India index
In % Weight Increase/Decrease
HDFC 8.24 0.75
Cairn India 1.21 0.63
HCL Tech 0.95 0.57
Divi's 0.35 0.35
Reliance Industries 7.89 0.11
Tata Motors 1.51 -1.45
UltraTech 0.54 -0.55
United Phosphorus 0.00 -0.20
Source: MSCI

MSCI has also announced change in weightages of several components on its India Index. These changes include significant reduction in weights of and UltraTech Cement, with additions in and Cairn India.

The weightage of Reliance Industries on the index will reduce by a slight 0.11 percentage points to 7.89 per cent. Shares of mortgage lender, HDFC, which will see a 0.75 percentage points increase in its weightage to 8.24 per cent, on Thursday rose 0.88 per cent to Rs 788.7 on the BSE. Meanwhile, Cairn India, which will see its weightage almost double to 1.21 per cent, on Thursday rose 1.61 per cent to Rs 337.40. Technology firm HCL Technologies, too, will see its weightage double to 0.95 per cent.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Zee investors could score big from sports exit Zee investors could score big from sports exit
  • MFs to take stance on Nuvo-Grasim merger MFs to take stance on Nuvo-Grasim merger

STOCK WATCH

Company Price() Chg(%)
H T Media 88.30 12.41
Dr Lal Pathlabs 1004.05 8.85
G M D C 98.15 8.27
Oriental Bank 124.05 7.82
Yamini Invest 39.70 7.30
> More on BSE Gainers
Company Price() Chg(%)
Oriental Bank 124.00 7.92
G M D C 97.85 7.88
Jubilant Life 543.80 6.81
Radico Khaitan 103.05 6.73
Allahabad Bank 84.00 6.67
> More on NSE Gainers
Company Price() Chg(%)
R C F 47.10 -5.23
Welspun India 46.75 -4.10
Den Networks 80.90 -3.86
Trident 56.00 -3.45
Bharti Airtel 332.10 -2.82
> More on BSE Gainers
Company Price() Chg(%)
R C F 47.15 -5.23
Den Networks 80.90 -3.75
Welspun India 46.65 -3.72
Trident 55.90 -3.70
Whirlpool India 924.95 -3.16
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard