MSCI rejig: 3 Adani stocks and 3 others in; ZEE, TVS, Abbott thrown out
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Adani Enterprises, Adani Total Gas, Adani Transmission, Bharat Electronics, Cholamandalam Investment and SBI Card will be added to the MSCI India Index while Zee Entertainment will be the sole omission.
Reuters In all, 34 stocks were included in the MSCI India Domestic Smallcap Index while five were excluded.
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NEW DELHI: Index provider MSCI has announced multiple changes in its MSCI India Index. The half a dozen inclusions included three Adani group stocks. The changes will come into effect on the close of May 27.
Passive funds may have to buy shares worth about $830 million in the three companies post inclusion
Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts. The group s flagship Adani Enterprises, gas supplier Adani Total Gas and power distributor Adani Transmission may get included in MSCI s country benchmark after the index provider s semi-annual review of its gauges in May, according to broker Edelweiss Financial Services and independent research provider Smartkarma. Adani Green Energy and Adani Ports & Special Economic Zone are already there.
Billionaire Adani may win three more slots on MSCI India Index
Bloomberg
April 15 |
Updated on
April 15, 2021
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Adani has added $20.2 billion to his net worth this year, the second-biggest increase among the world’s billionaires Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts.
The group’s flagship Adani Enterprises Ltd., gas supplier Adani Total Gas Ltd and power distributor Adani Transmission Ltd may get included in MSCI Inc.’s country benchmark after the index provider’s semi-annual review of its gauges in May, according to broker Edelweiss Financial Services Ltd and independent research provider Smartkarma. Adani Green Energy Ltd and Adani Ports & Special Economic Zone Ltd are already there.
YES Bank share falls 3% amid market crash
The shares of the private lender have fallen 1.56 per cent in one week, 3 per cent in a month. Year-to-date, the stock is down 11 per cent and 56 per cent in one year
BusinessToday.In | February 26, 2021 | Updated 13:17 IST
Market capitalisation of the lender fell to Rs 0.39 lakh crore. The stock has touched a 52-week high of Rs 87.95 and a 52-week low of Rs 5.55
YES Bank shares fell almost 3 per cent amid Friday s sharp correction, ranking among the most active banking scrips in terms of volumes on BSE and NSE.
Extending fall for the second consecutive session, YES Bank stock opened lower at Rs 15.80 as against its previous close of Rs 16.10. Later, the stock declined 2.8 per cent to the intra-day low of Rs 15.65, amid high volatility. It also hit an intraday high of Rs 15.95 in early session.
YES Bank share price rises over 4%
The share has risen 1% in one week. However, it has fallen 6% in a month. Year-to-date, the stock is down 10%. Share of the private lender has fallen 54% in one year
BusinessToday.In | February 24, 2021 | Updated 15:15 IST
YES Bank stock trades higher than 5 and 100-day moving averages but lower than 20, 50 and 200-day moving averages
YES Bank share was trading 4.4% higher in Wednesday s session, ranking among the most active banking scrips in terms of volumes on BSE and NSE today.
The stock of the private lender opened at Rs 15.75 as against its previous close of Rs 15.65 and touched the day s high of Rs 16.35, rising 4.4% intraday. The stock also hit an intraday low of Rs 15.70. The share has risen 2.88% in the last 2 days.