According to a Business Standard report, Tata Motors DVR, Intellect Design and SKF India could be added to the MSCI Smallcap index after the index provider does its semi-annual review
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among the world's billionaires
The move follows increase in foreign investment limit in the telecom major from 49 per cent to 100 per cent
Global index publisher said it will delete China Mobile, China Telecom and China Unicom Hong Kong from its global indexes
The changes in constituents for the MSCI global standard indices will take place as of the close of November 30, 2020
MSCI Inc. will add 12 India stocks to its standard index and remove two as part of the semi-annual review of the world's largest index compiler.
Hopes of higher foreign inflows into local mkts after change in foreign ownership limits drive rally
Back in April 2020, the investment legroom for foreign investors in several Indian companies had gone up following the government's decision to automatically treat the sectoral limit as the FPI limit
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%
Over a half of those surveyed said they were holding more than 5 per cent of their AUM in cash. Also, 51 per cent of the respondents do not plan to change the level of their cash holdings in the near
An analysis of an index which tracks the performance of such companies versus the broader market shows wide outperformance
Global index provider was expected to hike the weight after Centre's decision to virtually increase investment limit for overseas investors in domestic firms
Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past
SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.
The changes will come into effect from November 26 post market hours, the report added.
Most of these companies have seen a sharp erosion in their market values in the wake of the yearlong crisis in India's credit market
Inflows into exchange-traded funds accelerated this year as the MSCI upgrade approached, and have continued since May 28
At the stock level, three companies - GAIL, ITC and L&T would account for almost two-thirds of the likely outflows
13 additions and 37 deletions to the MSCI India Smallcap Index have also been announced
Indian exchanges in a joint statement had announced that they would stop providing market data to any index provider for creation of indices