MSCI Emerging Markets

After a decade of outperformance, Indian equities have entered a consolidation phase with peers such as China and Taiwan regaining momentum, says Motilal Oswal

Nuvama expects the earnings downgrade cycle to persist as export weakness and slower government spending offset tailwinds from Goods and Services Tax (GST) cuts

The MSCI EM index rose 7 per cent in September, its ninth monthly gain in a row, driven by China's equities, while India trailed with modest returns and foreign outflows

Indian equities have trailed their EM peers by over 24 percentage points since mid-September 2024, primarily because of earnings weakness

The change in the pecking order comes amid a sharp rally in China equities, while India has seen record foreign outflows coupled with earnings disappointment

In the early hours of Thursday, MSCI Inc. announced that it has included Alkem Laboratories, BSE, Kalyan Jewellers India, Oberoi Realty, and Voltas in its MSCI Global Standard Indexes

Kalyan Jewellers India, Voltas, and BSE were upgraded from the small cap segment to mid cap segment of the MSCI Emerging Markets Index

Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million

Indian government bonds enter JP Morgan's GBI-EM Index, expected to attract $30 billion in inflows

India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September

Indian sovereign bonds have seen about $9.5 billion of inflows into the so-called Fully Accessible Route - or FAR securities - since the JPMorgan announcement in September

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country

As of May 13, 2024, India's weight in the MSCI Emerging Market Index stood at around 18 per cent, a considerable rise from approximately 8 per cent in early 2020

India's weightage in the index has nearly doubled since November 2020

Adani investment of Rs 15,446-crore is 2% of its total exposure

A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales

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

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

Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter

India's 12-month forward price-to-earnings (P/E) multiple is nearly double the EM pack's