RVNL, Oil India, Vi among 7 stocks to be added to MSCI EM Index; to attract $3 bn inflows
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
MSCI methodology makes India underweight in global indices. As a result, investors fail to capitalise on Indian equities.
A cocktail of buoyant GDP growth, benign inflation and business-more-than-usual have created a feel-good factor in 2023 — now brace for volatility in the New Year.
MSCI will also apply a special treatment for all Adani Group's associated securities in the MSCI Equity Indexes starting from the February 2023 Index Review.
MSCI has lowered the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission, and ACC, while free floats of remaining companies have been kept unchanged.
Certain Adani Group investors should no longer be designated as free float, says MSCI.
Bucking the trend, Adani Wilmar shares jumped 5% as investors cheered the FMCG major’s third quarter earnings.
REC and IPCA will also be dropped as six new companies make their debut in index rejig.