Analysts say American sanctions on Chinese companies will prompt global investors to look at India more favourably
Didi Global Inc will be added to FTSE Russell's global equity indexes on July 8 in an expedited entry following Wednesday's US stock market debut of Chinese ride-hailing company, index publisher said
China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances
Several MF houses bought shares of peer UTI Asset Management Company during the March quarter
The emergence of the Shanghai stock market has been an outcome of conscious policy measures that have been overlooked in the stereotypical stories
FTSE Russell's semi-annual country classification review said market accessibility level of Indian and Saudi bonds will be considered for reclassification to 1 from 0
The FTSE announcement is an acknowledgment of India's efforts to liberalize its sovereign bond market
The US grade would drop by two notches, and as much as three levels for Germany, India and the Netherlands.
The Deliveroo IPO is one of the most eagerly watched-for IPOs expected in London in the first half of 2021
Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn
Some $900 mn could flow into domestic stocks due to the GEIS rejig; Dr Reddy's could see inflows of $80 mn and Tata Steel could see outflows of $60 mn due to changes in BSE Sensex
It is also debating whether certain indices should be designated as 'significant' or 'systematically important'
The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by China's military could crimp US investments in the country
The benchmark BSE Sensex is up 14.2 per cent in the past one month against a 3 per cent appreciation in the Dow Jones during the period.
Move follows MSCI step, inflows may rise by $2 billion
Shares in Kennedy Wilson Real Estate jumped 13.6%
The FTSE 100 ended 0.5 percent higher at 7,177.89 points