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.
According to an official statement, Aditya Birla Capital and L&T Finance will be added to the MSCI Standard Index, while Indian Railway Catering and Tourism Corporation (IRCTC) will be removed
Japan's the Nikkei 225 and the South Korea's KOSPI were the biggest laggard in the MSCI AC Asia Pacific index. Both the indices fell over 1 per cent on Thursday.
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