Stock Market

MSCI rejig: YES Bank, Voda Idea, IB Housing make way for SBI Life, HDFC AMC, DLF

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Global index compiler Morgan Stanley Capital International (MSCI) announced changes to MSCI India index last night wherein it added eight stocks in the index, while decided to delete as many as six counters. MSCI added Berger Paints India, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas, Info Edge (India), SBI Life Insurance and Siements to the MSCI India index. On the other hand, the firm decided to delete Bharat Heavy Electricals (Bhel), Glenmark Pharma, Indiabulls Housing Finance, L-T Finance Holdings, Vodafone Idea and YES Bank.

The index is designed to measure the performance of the largecap and midcap segments of the Indian market. The changes in the constituents for the MSCI India Index will take place from November 26. Source: MSCIMSCI also made certain changes to the MSCI India Smallcap index.

The index provider added Brigade Enterprises, Deepak Nitrite, Galaxy Surfactants, Glenmark Pharma, Indiabulls Housing Finance, Metropolis Healthcare, Navin Fluorine, Orient Electric, Polycab India, Spandana Sphoorty, Sterling and Wilson, Vodfone Idea and YES Bank in the MSCI India Smallcap index. On the other hand, it excluded Arvind, Care Ratings, Info Edge, Jagran Prakashan, Jain Irrigation, Magma Fincorp, Muthoot Finance, PC Jeweller, Reliance Capital, Reliance Infra, Sharda Cropchem, Suzlon, Time Technoplast, Whirlpool of India. Shares of YES Bank were trading over 2.50 per cent up at Rs 68.25 in the morning trade, while Vodafone Idea was down over 3 per cent at Rs 3.79. Source: MSCIMeanwhile, benchmark equity indices BSE Sensex - NSE Nifty were trading lower after Moody's Investors Service changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past. It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21