MSCI index rejig may result in $1.4b inflows into stocks

MSCI index rejig may result in $1.4b inflows into stocks

Global index services provider MSCI has added eight Indian stocks to its Global Standard Index and removed one as part of its quarterly index review. The changes will likely result in an inflow of nearly $1.4 billion from foreign passive funds when the actual changes take place on August 31. A release by MSCI on … Read more

MSCI quarterly review in August may see Cummins and 3 others entering India index

MSCI quarterly review in August may see Cummins and 3 others entering India index

In the upcoming quarterly index review by MSCI Inc, Cummins India, and IDFC First Bank have a high probability of entering the India index, according to Emkay Alternative and Quantitative Research.Global index aggregator MSCI Inc will announce the results of its quarterly review on August 10, and the changes, if any, will come into effect … Read more

Adani Group: MSCI to reduce free float in Adani Total Gas, Adani Transmission in May review

Adani Group: MSCI to reduce free float in Adani Total Gas, Adani Transmission in May review

MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more

Adani Stocks | Gautam Adani: U-turn! Adani stocks spring back on buying at lower levels

Adani Stocks | Gautam Adani: U-turn! Adani stocks spring back on buying at lower levels

NEW DELHI: After weeks of getting hammered by bears, Adani stocks had their best day in a month on Thursday as investors showed buying interest at lower levels. Out of the 10 Adani stocks, eight were trading in the green zone, with NDTV and Adani Power locked in their 5% upper circuit limits. Adani Group’s … Read more

Asian stocks shrug off rates risk as US consumers spend

Asian stocks shrug off rates risk as US consumers spend

SINGAPORE, – Bonds fell and the dollar rose on Thursday as roaring U.S. retail sales had investors reckoning on interest rates staying higher for longer to temper demand, though stock markets were focused on the bright side for earnings and climbed a little. The S&P 500 rose 0.3% overnight. MSCI‘s broadest index of Asia-Pacific shares … Read more

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI Inc will announce the results of the quarterly review of its global standard indices later Thursday. The proposed changes will come into effect as of the close of February 28. Dalal Street will have its eyes glued to it given that several foreign investors use the MSCI indices as a gauge to invest in … Read more

Asia stocks edge higher, dollar in the doldrums

Asia stocks edge higher, dollar in the doldrums

Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July. Helping to mellow the mood was news that Shanghai authorities will cancel many conditions for businesses to resume work from … Read more

India unlikely to benefit much from MSCI, FTSE purging Russian stocks

India unlikely to benefit much from MSCI, FTSE purging Russian stocks

Mumbai: The removal of the Russian markets from MSCI and FTSE indices will not benefit Indian or other emerging markets (EMs) much, according to analysts. MSCI and FTSE Russell have announced deleting Russian equities at zero value from all the global and regional indices. “With the ongoing restrictions, FIIs (foreign institutional investors) are not allowed … Read more

India Inflows May Rise As Foreign Funds Exit Russia

India Inflows May Rise As Foreign Funds Exit Russia

(This story originally appeared in on Mar 02, 2022) Mumbai: Indian stock market could see additional foreign fund flows as in the wake of sanctions on Russian banks and businesses, global fund managers have started exiting Russia. On Tuesday, MSCI, the world’s leading index provider, said it will remove Russia and its companies from its … Read more