While MSCI will make each company's scorecard free to access, its paying clients will still have access to a much deeper level of analysis
The index finished the session down 2.6%. It has declined 1.3% since the protests first flared up in the second week of June, versus 6% gains in the MSCI All-Country World Index.
MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year. It has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement. Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India. MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include ..
Polycab India surged 7 per cent to Rs 915, surpassing its previous high recorded on October 30 in the intra-day trade.
The changes will come into effect from November 26 post market hours, the report added.
In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019.
The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
One estimate shows the MSCI inclusion could lead to ETF buying of nearly Rs 1,280 crore in Bandhan Bank.
Continued macro weakness in India and the sensitivity of Indonesia to adverse terms of trade limit our enthusiasm
China A shares will be left with 1.76 per cent weightage in the broad developing-nation gauge
MSCI said it will increase the inclusion factor of Chinese large-cap stocks to 20 per cent from the current 5 per cent in three steps, in May, August and November this year
If the proposal gets a nod, India's weight in the MSCI Emerging Market index could reduce by 0.23 per cent to 8.55 per cent
Access to domestic bourses not 'restrictive', markets regulator replies to global index provider's note
Saudi Arabia and Argentina, pummeled by a currency rout that prompted it to seek help from IMF, join the likes of China, India
MSCI will now consult its clients and announce the results by December 31
India's weight in the index has risen 180 basis points to 8.1%, from 6.3% only four years earlier
Superior share performance and sound financials of the new entrants could be the reasons behind their inclusion
Move will help India attract higher share of emerging market flows, say experts
MSCI can still afford to shun China stocks
Morgan Stanley may include China mainland shares to its widely tracked emerging markets index