Leading stock exchange NSE has tweaked the constituents of its major indices with Adani Group's two companies -- Adani Wilmar and Adani Power -- all set to make their way into some of the Nifty indices from March 31, 2023. Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices. All the changes in the indices will be effective from March 31 this year, the exchange said in a late night statement on Friday. The Index Maintenance sub-committee of NSE Indices Ltd has decided to make replacement of stocks in various indices as part of its periodic review. However, the National Stock Exchange (NSE) did not make any change to its Nifty 50 index. In Nifty Next 50 index, apart from Adani Wilmar, other companies that will be included are -- ABB India, Canara Bank, Page Industries and Varun Beverages. On the other hand, Bandhan Ba
"We continue to monitor publicly available information and liquidity of the securities, and in case of market disruption or confirmed default event"
India will not bend over backwards to get included in the global bond indices, a top finance ministry official said on Saturday. Deploying a sartorial analogy, Finance Secretary TV Somanathan said the indices are an exclusive club or gymkhana, which insists on entry only for those wearing ties. "...if we get into this club, it will be with our dhoti and saree. We will not change our domestic policies to suit foreign investors," he said, addressing a post-budget interaction with industry players in the financial capital. He said there are both positives and negatives of such an inclusion, which was spoken about in a previous budget announcement, and India will not "bend over backwards" to gain entry. India's policies will be based on domestic requirements, and there will not be any change to the stance to suit the fancy of global bond investors, he said. The global indices should allow entry for India only if such a stance is acceptable to them, he said. Positives of gaining entry
The benchmark Sensex rose 327 points to end the session at 61,168 , a gain of 0.5 per cent. The Nifty, on the other hand ended the session at 18,197 points, a gain of 92 points or 0.5 per cent
The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it had risen by 258.8 points or 0.42 per cent to a high of 61,392.68
The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators
The markets reflect a 'sense of stability', say analysts
The broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70
M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%
Shares of Zomato gained 2 per cent to close at Rs 55.6
This is fifth decline in six sessions; analysts expect markets to react to inflation data today
The Sensex ended the session at 53,424.09, a gain of 581 points or 1.1per cent. In the past four sessions, the Sensex had declined 6 per cent.
IIFL expects India's weightage in the MSCI EM index to increase by 30-35 basis points (bps) on account of Russia's removal. Edelweiss expects an increase of about 15-20 bps.
Four out of six optimism indices have registered a decline as compared to Q4 of calendar year 2021
The benchmark Sensex ended the session at 60,617 - a gain of 221 points, or 0.4 per cent
The indices had risen in the previous four sessions on the back of positive macroeconomic indicators
Covid concerns, the hawkish turn by central banks to fight inflation, and sustained FPI selling had rattled investors last week
Two studies showed that Omicron's hospitalisation risk is less than the Delta variant
The sustained selling by foreign portfolio investors on valuation concerns had also weighed on investor sentiment
Analysts said the RBI took a dovish stance looking at the uncertainty around the Omicron variant