A global slowdown will have severe repercussions for India's balance of payments BoP through lower exports; a meaningful slowdown of late and lower capital inflows.
Bond yields fall as HDFC's Rs 10,000 crore debt sale plan propels custodian flows
Nifty P/E 82% higher than MSCI EM; up from 54% in June
According to the latest June quarter shareholding data, the FII shareholding in HDFC Bank and HDFC Ltd has declined to 65.81 per cent and 67.7 per cent, respectively
MSCI's gauge of Asia Pacific stocks outside Japan was up 0.3%, having erased part of the early morning gains
India - the sixth biggest stock market globally in terms of market capitalisation - is also classified as emerging market by the MSCI
Derivative markets pointed to a positive start later in the United States following losses on Wednesday when economic data failed to ease angst over rate hikes to fight inflation.
MSCI published additions and deletions to its global indexes last month but the announcement didn't detail changes to the weightings of individual stocks in its indexes
If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.
From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China
Four domestic stocks added, one excluded from MSCI Standard index
Tata Elxsi, Jindal Steel seen as inclusion candidates; move could see a churn of Rs 6,900 crore by funds tracking the index
US Treasury yields dipped after hitting three-year highs on Wednesday as buyers emerged. Benchmark 10-year yields were last at 2.8455%, after reaching 2.981% overnight, the highest since Dec. 2018
In an investor presentation, the bank has made a case for inclusion in the MSCI and FTSE indices
There is a risk index trackers may have to sell HDFC, which is part of global indices currently
Over $400 billion in assets under management are said to be benchmarked to the MSCI EM index.
Experts say if oil prices continue to rise, India's valuation premium-to-EM peers could narrow further
The MSCI All Country stock index was flat at 744.71 points, also down 2% from a record high on Tuesday
The size of environment, social, and governance-based fund investments in India from a global sustainability AUM perspective is currently negligible, but has been growing significantly
The inflows into the realty sector too could have been subdued if not for Godrej Properties' inclusion in the MSCI index