Global passive funds, such as exchange-traded funds, structure their portfolios based on these indices. Any change in composition prompts these funds to adjust their allocations. The newly included stocks are JSW Energy, Canara Bank, Indus Towers, PB Fintech, Sundaram Finance, and NHPC. Berger Paints has been dropped, while Indraprastha Gas and Paytm s parent, One 97 Communications, have been downgraded to the small-cap index.
Morgan Stanley Capital Investment (MSCI) | India's weight in MSCI's Global Standard index rises to another record high, boosting prospects of more inflows telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
India Business News: NEW DELHI: One97 Communications, which operates the popular fintech brand Paytm, has been included in the MSCI Emerging Markets Small Cap Index.
Vedanta Ltd, Suzlon Energy Ltd, YES Bank Ltd, PB Fintech Ltd (Policybazaar), Sundaram Finance Ltd and NHPC are some of the stocks that are added to MSCI Global Standard Index.
India s weight in MSCI s Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets. .