Select shares in spotlight on MSCI index rejig

Shares of Britannia Industries, Petronet LNG and Vakrangee have been included in the MSCI India index with effect from today, 1 December 2017. Apollo Hospitals Enterprises was removed from the index. In the MSCI India Domestic index, shares of L&T Finance Holdings, TVS Motor Company and Vakrangee were included, while no deletions were made.

Inclusion in the MSCI indices is usually an indication that the stocks will catch foreign fund managers' attention. Foreign active funds and exchange-traded funds, which track the MSCI indices, are likely to buy or sell shares of the companies included or excluded from these indices.

Shares of automobile companies will be in focus as these companies announce monthly sales numbers for November 2017 starting today, 1 December 2017.

Yes Bank said that Moody's Investors Service has assigned a (P)Baa3 long-term senior unsecured rating to the bank's $1 billion medium-term note (MTN) program. Moody's has also assigned a (P)Baa3 rating on the senior unsecured MTN program and stable outlook to the bank's IFSC Banking unit branch in Gujarat International Finance Tec-City (GIFT city) in Gandhinagar, Gujarat. The announcement was made after market hours yesterday, 30 November 2017.

Reliance Power (RPower) said it has completed execution of project agreements for Phase-I of its project in Bangladesh. The first phase of RPower's integrated project consists of 750 megawatts (MW) combined cycle gas based power plant to be set up at Meghnaghat near Dhaka and 500 mmscfd LNG terminal at Kutudbia Island in Bangladesh. The integrated project entails an investment outlay of over $1 billion, which represents the largest foreign direct investment (FDI) in Bangladesh and the largest investment in Bangladesh's energy sector, RPower said in a statement. The announcement was made after market hours yesterday, 30 November 2017.

Bharat Financial Inclusion said it has completed its second securitization transaction of Rs 419.89 crore. With this transaction, the company has completed securitization transactions worth Rs 663.67 crore in FY 2018. The entire pool qualifies for priority sector classification as per the Reserve Bank of India's Priority Sector Lending Guidelines. The pool has been rated AA (SO) by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry a very low credit risk. The announcement was made after market hours yesterday, 30 November 2017.

Usha Martin said that ratings agency Credit Analysis and Research (CARE Ratings) has downgraded the rating of the company's short-term bank facilities of Rs 2275 crore from existing 'CARE A3' to 'CARE A4+'. The announcement was made after market hours yesterday, 30 November 2017.

Thomas Cook (India) said it has strengthened its presence in Pune with two new franchise Gold Circle Partner outlets in Viman Nagar and Kothrud. This expansion augments the company's distribution and reach in Pune to 6 consumer access centres. The announcement was made after market hours yesterday, 30 November 2017.

Powered by Capital Market - Live News