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
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
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According to a Nuvama Alternative and Quantitative Research, PFC and HDFC AMC are likely to see inflows of $203 million and $153 million, respectively
Last month, China curbed exports of some metals widely used in the semiconductor industry, in a move it said was aimed at protecting national security
Stresses on need for coordinated transition to the shorter cycle
Reclassification from 'emerging' to 'developed market' will not just help Korea but India too
Indices snap their four-day winning streak; MSCI rejig adds to volatility
Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month
CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day
Stocks to be assigned 'zero' value if they get locked in lower circuits that day
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The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies
Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices
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
MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%
Shares of HDFC and HDFC Bank dropped up to 6 per cent. The Street had expected inflows worth $3 billion by foreign portfolio investors
The addition will be a boost for the private sector lender's stock price as it could result in inflows of over $300 million (Rs 2,500 crore)
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