After a decade of outperformance, Indian equities have entered a consolidation phase with peers such as China and Taiwan regaining momentum, says Motilal Oswal
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
India's share in the MSCI EM index has fallen to 16.21% in August, its lowest since November 2023, slipping to third place behind Taiwan after a year of weak equity performance
Promoter share in top 200 firms has fallen by 600 bps since 2021 as mutual funds absorb large stake sales, boosting India's MSCI weight and market resilience
There will be no deletions taking place from the Global Standard Index
Kotak Institutional Equities remains cautious about the outlook for small- and mid-cap stocks, as their valuations have not moderated significantly despite recent market corrections
Country slips to third position on MSCI Emerging Market indices
Among other notable changes, MSCI removed 11 stocks from the MSCI Korea Index while adding none. It culled nine from Japan and added one
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
Kalyan Jewellers India, Voltas, and BSE were upgraded from the small cap segment to mid cap segment of the MSCI Emerging Markets Index
China is creating emerging industry leaders, and regardless of what happens in the Chinese stock market, the country cannot be ignored as a fierce competitor
Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million
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
MSCI said that Punjab National Bank and Union Bank are among the three largest additions to the MSCI Emerging Markets Index in terms of full company market capitalization
Move could delay transition to DM, which when happens is expected to boost India's weighting in MSCI indices
Billionaire Gautam Adani's group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments
The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent
Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG
The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993
In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.