The MSCI announced changes to its key indices, with Fortis Healthcare, GE Vernova, One 97 Communications, and Siemens Energy making the cutoff into the Global Standard Index
The Morgan Stanley Capital International (MSCI) Global Standard Index to include Fortis Healthcare, GE Vernova, Paytm, Siemens Energy from Dec 1, 2205; here's a trading strategy in these 4 stocks.
Fortis Healthcare and GE Vernova have rallied 41 per cent and 51 per cent, respectively, compared to an 8.2 per cent advance in the Nifty50
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
Nuvama Institutional Equities said that Vishal Mega Mart and Swiggy will top the inflows with $287 million and $285 million, respectively
Vishal Mega Mart and Swiggy are set to top the inflows with $287 million and $285 million, respectively, according to Nuvama
Swiggy, Mazagon Dock, Hitachi Energy, and Waaree Energies may join MSCI Index in August review, attracting $850 million in passive inflows
Technical chart suggests that Coromandel International could face some downward pressure in the near-term; while GMR Airport, Authum Investment and Le Travenues look good for near-term gains.
Shares of the agrochemicals firm Coromandel traded muted, even as it was included in the MSCI Global Standard Index
There will be no deletions taking place from the Global Standard Index
Among other notable changes, MSCI removed 11 stocks from the MSCI Korea Index while adding none. It culled nine from Japan and added one
Stock Markets Today: The changes announced during the February 2025 MSCI Index Review, will be implemented as of the close of February 28, 2025
Foreign portfolio investors reduced their stake in IndusInd Bank to 46.63 per cent in December 2024, from 55.53 per cent in the September 2024 quarter, enhancing foreign headroom at 25 per cent
Higher FPI investment room opens door for $1.8 bn passive inflows
India's weight in the MSCI investible large-, mid- and small-cap index has risen to 2.35 per cent, greater than China's weight of 2.24 per cent, Morgan Stanley said in a note on Tuesday
Weightage almost 70 bps higher than China
Shares of Adani Energy Solutions Ltd (AESL) at last trading session on Wednesday jumped 3.8 per cent despite the flattish markets, as the street is expecting strong inflows by the end of August from the inclusion in the MSCI Indexinflows of USD 250 million according to brokerage houses. On Tuesday MSCI announced that it has lifted Embargo' on Adani Group stocks, which means the stock is eligible for inclusion in the MSCI India Index, after removing the group company last year in late January 2023, due to uncertainty over free-float. Lifting this restriction means that any recent changes in free float plus equity raises are eligible for inclusion. Furthermore, stocks that were excluded can be included again. Earlier in August, Adani group's power transmission, distribution and smart metering company completed a USD 1 billion QIP, which has led to a significant increase in the company's free float. Adani Enterprises, another group company has also proposed fundraising of nearly USD 2
Analysts, on their part, are of the view that long-term investors could continue to hold the stock
Stock Market Highlights on August 13, 2024: Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent