Zomato Ltd, DLF, MRF, Hindalco Industries, InterGlobe Aviation (IndiGo), Dr Reddy’s Labs and Paytm are also seen attracting up to $89 million in passive inflows each due to increased MSCI weightages.
Shares of InterGlobe Aviation Ltd , the parent firm of IndiGo, slipped nearly 5% today after a Parliamentary panel proposed route-specific capping of airfares and setting up of a separate entity to exercise control over air ticket prices, amid concerns in various quarters about surging fares. InterGlobe Aviation stock fell 4.7% to Rs 2982.40 against the previous close of Rs 3130.15 on BSE. Earlier, InterGlobe Aviation shares opened flat the same level.Total 0.24 lakh shares of the firm changed hands amounting to a turnover of Rs 7.39 crore.
when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
Earlier this week, InterGlobe Aviation, the parent of IndiGo, saw its profit after tax more than doubling to Rs 2,998.1 crore in the December quarter from Rs 1,422.6 crore in the year-ago period.