Adani Enterp. 2518.70↑43.10(1.74%)
Adani Ports 722.10↑3.85(0.54%)
Apollo Hospitals 4562.25↑25.80(0.57%)
Asian Paints 3120.90↑19.40(0.63%)
Axis Bank 921.50↑3.80(0.41%)
B P C L 363.25↓-0.05(-0.01%)
Bajaj Auto 4640.00↑122.40(2.71%)
Bajaj Finance 6836.50↑50.55(0.74%)
Bajaj Finserv 1427.40↑0.95(0.07%)
Bharti Airtel 823.15↑21.75(2.71%)
Britannia Inds. 4556.00↑36.20(0.80%)
Cipla 942.90↑4.90(0.52%)
Coal India 240.10↓-0.90(-0.37%)
Divi's Lab. 3422.70↑39.55(1.17%)
Dr Reddy's Labs 4497.00↓-22.25(-0.49%)
Eicher Motors 3650.00↑39.10(1.08%)
Grasim Inds 1704.05↑3.70(0.22%)
H D F C 2646.25↓-25.50(-0.95%)
HCL Technologies 1116.90↑4.95(0.45%)
HDFC Bank 1609.40↓-6.40(-0.40%)
HDFC Life Insur. 571.40↑5.40(0.95%)
Hero Motocorp 2732.55↓-6.15(-0.22%)
Hind. Unilever 2598.85↓-16.10(-0.62%)
Hindalco Inds. 405.00↓-1.90(-0.47%)
ICICI Bank 940.75↑0.10(0.01%)
IndusInd Bank 1263.75↓-8.00(-0.63%)
Infosys 1305.50↑6.85(0.53%)
ITC 441.05↑7.55(1.74%)
JSW Steel 696.50↑0.50(0.07%)
Kotak Mah. Bank 1929.50↑19.15(1.00%)
Larsen & Toubro 2202.90↑17.75(0.81%)
M & M 1278.70↑3.00(0.24%)
Maruti Suzuki 9278.15↑7.40(0.08%)
Nestle India 21462.95↑82.35(0.39%)
NTPC 174.65↓-0.30(-0.17%)
O N G C 165.70↓-0.55(-0.33%)
Power Grid Corpn 237.90↑2.10(0.89%)
Reliance Industr 2438.00↓-2.25(-0.09%)
SBI Life Insuran 1173.95↓-1.40(-0.12%)
St Bk of India 581.70↓-1.00(-0.17%)
Sun Pharma.Inds. 945.00↓-7.15(-0.75%)
Tata Consumer 780.40↑9.25(1.20%)
Tata Motors 514.50↓-5.70(-1.10%)
Tata Steel 104.90↓-0.30(-0.29%)
TCS 3301.00↓-2.35(-0.07%)
Tech Mahindra 1097.95↓-0.80(-0.07%)
Titan Company 2703.55↓-3.70(-0.14%)
UltraTech Cem. 7629.00↓-24.80(-0.32%)
UPL 675.55↓-6.70(-0.98%)
Wipro 394.10↓-5.60(-1.40%)

Indian firms in MSCI among oldest but things changing, shows data

The entry of new-age companies will boost revenues but make indices pricier

Buy, Sell, markets, stocks, shares, investments, mutual funds, investors

Premium

Goldman Sachs projects the average listing age for India to reduce going ahead as large new-age companies enter the public markets

2 min read Last Updated : Sep 28 2021 | 1:29 AM IST

The majority of stocks in the MSCI India index have been listed for more than 20 years — among the oldest in the Asia Pacific region. On the other hand, China’s frontline equity index is the "youngest" in the region with an average listing age of just nine years, shows an analysis done by Goldman Sachs Global Investment Research. The average listing age for most Asia Pacific ex-Japan equity markets is between 20 and 25 years. Goldman Sachs listing age is “a good proxy for change and innovation".

“The (MSCI India) index still remains dominated by financials and old-economy/traditional sectors. Lack of fast-growing new economy/digital stocks in the index has meant that India’s earnings have lagged the region, while the internet-heavy China index has delivered the best earnings over the past decade,” says the brokerage in a note.

Goldman Sachs projects the average listing age for India to reduce going