MSCI, which had earlier excluded Adani Energy and Adani Enterprises from the global standard index, stated it would now review the companies' fundraising activities
MSCI India August rejig: 7 stocks to be included in the India Index, HDFC Bank weightage to increase in 2 tranches; Bandhan Bank on its way out.
Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million
HDFC Bank MSCI rebalance news: MSCI has announced that the weight of HDFC Bank will be gradually increased, in two tranches, to full weight of 1
This is on hopes that lender's weight in MSCI Emerging Market index will double in August
Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report
With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country
India's Canara Bank, Indonesian chemical firm Chandra Asri Pacific and Indian power generator JSW Energy will be the three largest additions to the MSCI emerging markets index
In total, there are 42 securities to be added and 121 cut from the all-country world index
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
Consistent main course with $8.1 billion served up in Q1 2024
The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell
Nuvama has identified about a dozen "high conviction" domestic stocks that could get added to the index
Nifty ascends 5.5% in November, marking its strongest increase in 16 months
The global index provider announced the changes in the global standard index on Wednesday
As many as nine firms, including IndusInd Bank, Suzlon Energy and One 97 Communications, were added to the MSCI India Index, according to an update announced by index compiler MSCI. There are nine additions to the MSCI India index, and the changes in constituents will take place on the close of November 30, 2023, it said. APL Apollo Tubes, IndusInd Bank, Macrotech Developers, One 97 Communications (Paytm's parent firm), Persistent Systems, Polycab India, Suzlon Energy, Tata Communications and Tata Motors will be added to the MSCI India index, as per the announcement. Shares of Suzlon Energy jumped 4.79 per cent, One 97 Communications rallied 2.90 per cent, Tata Motors climbed 2.84 per cent, Persistent Systems (0.61 per cent) and Macrotech Developers (0.37 per cent) on the BSE. However, the stock of IndusInd Bank fell 1.05 per cent, Tata Communications lost 1.26 per cent, APL Apollo Tubes dipped 0.90 per cent, and Polycab India skidded 0.04 per cent. MSCI Global Standard Index is .
Nine stocks, including private lender IndusInd Bank Ltd. and wind-turbine maker Suzlon Energy Ltd., will be added to MSCI's global standard gauge on Nov. 30
The changes in MSCI Global Standard Indexes' constituents will be effective at the close of November 30 trading day
An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)
Brokerage goes 303 bps overweight on domestic markets in MSCI Asia Pac ex-Japan portfolio