MSCI rejig today: Indian stocks to see $2.5 billion inflows, spotlight on HDFC Bank
Sensex rallied over 1135 points on Monday morning as MSCI November 2024 index review came into effect from today with Indian stocks expected to attract about $2.5 billion in passive foreign institutional investor (FII) flows. Banking heavyweight HDFC Bank would also be in the spotlight, with its weightage in the index slated to increase, bringing…
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HDFC Bank shares: $1.8 billion of MSCI flow expected next month
Shares of India’s largest private sector lender HDFC Bank, which has been testing investor patience for the last few years, may attract $1.8 billion inflows as global index services provider MSCI may increase its weightage. HDFC Bank’s September shareholding pattern shows that the FII headroom remains safely above 20%. “As a result, the second phase…
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NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the…
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