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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Japanese shares lift Asian stocks ahead of US data barrage
Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve’s policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an…
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India set to close in on China as emerging-market stock anchor
India is poised to narrow the gap with China in MSCI Inc.βs gauge for developing nations. Analysts from firms including Smartkarma and IIFL Securities Ltd. expect Indiaβs weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index providerβs review this week. This would bring the country almost…
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