BSE MSCI

Shares of Rail Vikas Nigam Ltd, Dixon Technologies, and OIL India among others rose up to 5 per cent after their inclusion in the MSCI India index

Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say

The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday

The company was listed separately on October 19, following its demerger from Piramal Enterprises

The country's premier bourse BSE is looking to collaborate with index provider MSCI for a licensing arrangement to trade MSCI India Index futures on BSE's India INX exchange at the Gujarat International Finance Tech (GIFT) City. The talks come in the backdrop of Indian exchanges deciding to stop licensing their indices and securities to overseas bourses, a move criticized by overseas entities including MSCI, among others.The talks are at a nascent stage and it will be a while before the two entities hammer out the details of any licensing arrangement, said sources. "BSE has begun talks with MSCI but nothing has materialised yet," said a person familiar with the matter. A tie-up could help the BSE to shore up derivatives volumes at INX India, and gain a healthy edge over rival NSE. "Investors today have about $5 billion open position on MSCI India index globally, and this can potentially be brought to India through the GIFT City." The cumulative turnover on the India INX since ...