Nifty India Internet surges 8% in August as MSCI rejig and block deals lift new-age stocks, while IPO activity hits a yearly high
NSE's CAS turnover surged to Rs 39,718 crore, nearly 22 per cent of cash-market turnover, as MSCI rebalancing triggered sharp price swings in dozens of stocks
The changes are closely watched by investors as MSCI indices are tracked by global institutional and passive funds, potentially triggering portfolio rebalancing and changes in stock-specific flows.
India's new closing auction system will face its biggest test on Monday as MSCI rebalancing sends about $5 billion in passive-fund trades through markets, raising liquidity concerns
MSCI flows, mega IPOs and derivatives auction reforms put India's market infrastructure and investor participation under the spotlight
Sky Gold & Diamonds Ltd, said on Monday it has been added to the MSCI India Domestic Small Cap Index as part of the latest index review by MSCI. The company said the inclusion reflects its growing presence in India's listed small-cap universe. Sky Gold also said it turned operating cash flow positive during the current quarter, a step it described as improving working capital discipline. The company said it remains focused on balancing business expansion with profitability and cash flow generation. The jewellery maker said it is strengthening its governance and management framework, including a structured leadership approach and reinforced financial and governance processes, and has engaged a large global accounting firm. Sky Gold said it continues to focus on lightweight and value-added jewellery, while expanding its customer base and its presence across organised jewellery retail. The company said its asset-light manufacturing model remains central to its strategy of scaling ...
MSCI's August review adds four Indian companies and removes three, with India's index weight rising marginally to 11.9 per cent and constituents increasing to 166
Adani Green, Adani Energy Solutions and Groww are among the likely entrants, while Astral and SBI Cards face possible exclusion in MSCI's August index review
AI giants dominate, evoke concentration risk concerns
Rise was driven largely by portfolio adjustments linked to changes in MSCI, prompting passive funds that track the benchmarks to buy and sell shares to align their holdings with the revised weightings
India's weightage in the MSCI Standard Index remained broadly unchanged at 12.3 per cent, versus 12.4 per cent earlier
MSCI's decision to upgrade Greece to developed market status by 2027 is expected to have only a marginal impact on India, with limited changes to passive fund allocations
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital and L&T Finance to its widely tracked Global Standard Index, while emoving state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
MSCI will include Paytm, Fortis Healthcare, GE Vernova T&D India, and Siemens Energy India in its Global Standard Index, triggering over $1.4 billion in passive inflows
Under the approved demerger scheme, the commercial vehicles arm will have the name Tata Motors, which is expected to be listed soon
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
MSCI index changes triggered FPI selloff worth Rs 6,516 crore as Sona BLW and Thermax were dropped, though inclusions like Swiggy and Waaree partly cushioned the outflows
Markets have held modest ranges in recent weeks, waiting to see whether the world's two largest economies can agree on a durable trade deal or if global supply chains will again be upended
MSCI Global Standard Index Inclusion: Swiggy, Vishal Mega Mart, Hitachi Energy and Waaree Energies look favourably placed on charts; may see up to 29 per cent upside form here.
On Wall Street at 10:54 a.m. the Dow Jones Industrial Average fell 53.36 points, or 0.12 per cent, to 44,318.15 while the S&P 500 fell 6.66 points, or 0.11 per cent, to 6,253.09