The implementation of Suraksha group s resolution plan would come as a major relief for more than 20,000 homebuyers who have invested in Jaypee Infratech projects.
India s weightage in the MSCI Global Standard (Emerging Markets) index will reach a historic high of 18.2%. India s representation is expected to increase to around 18.5% after the February rejig, according to Abhilash Pagaria of Nuvama Alternative & Quantitative Research. The quarterly rebalancing could lead to significant inflows from passive FII funds.
MSCI rejig to ring in $1 2 billion of FPI flows - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Nifty found support at the 20DMA for the second day in a row, on Friday. The trend could weaken if it decisively drops below 21,690. A decisive fall below 21,690 may trigger a correction towards 21,500, says Rupak De, Senior Technical Analyst, LKP Securities.
JP Associates rose 5 per cent to hit its one-year high of Rs 25.25. It has gained 15.99 per cent in four trading days. In case of JP Power, the stock also gained 5 per cent today to hit a 52-week high of Rs 21.94. In four sessions, the scrip has ascended by 20.75 per cent.