IDFC First Bank, REC, PFC, Ashok Leyland, HDFC AMC, Cummins India, Astral, and Supreme Industries shares are poised to receive $152 to $214 million inflows today
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
In the MSCI India Domestic SmallCap index, it added a total of 41 securities including Aether Industries, Avalon Technologies, Glenmark Life Sciences, Kalyan Jewellers, Star Health, and Sula Vineyard
Thus far in the calendar year 2023, the stock price of Supreme Industries has zoomed 83 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.
The MSCI India Index slumped about 9% mid-day local time even as the Nifty 50 Index, the benchmark gauge of the National Stock Exchange of India Ltd., was down about 1%
Global index provider FTSE has increased the weightage of Vedant Fashions (Manyavar) in four of its indices
In a note, Nuvama Research. said that Kotak Mahindra Bank's weighting in the index has gone up by 135 basis points to 2.8 per cent
Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
Adani Total Gas and Adani Transmission in the MSCI Standard indices could now halve
Shares of HDFC and HDFC Bank dropped up to 6 per cent. The Street had expected inflows worth $3 billion by foreign portfolio investors
Analysts predict both PSU stocks to rake in huge passive inflows; Adani Transmission and Indus Towers could get removed from index
Biocon share may slip up to 21 per cent if breaks 52-week low
Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking
A more than $100 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected
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It is still unclear whether the index provider has adjusted weightings of any of the group's stocks in its equity gauges in its latest review
Business Standard brings you the top headlines at this hour
Biocon is expected to get excluded from the index
Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say