Index Financial News

Hindustan Aeronautics and IDFC First Bank are among the seven stocks that will be included in the S&P BSE 100 index, while Tata Elxsi, Voltas and Adani Group stocks Adani Power and ACC, among 3 others will be excluded from the index. Asia Index Pvt Ltd, a 50-50 partnership between S&P Dow Jones Indices LLC and BSE Ltd, on November 17 announced the reconstitution of S&P BSE Indices.

analysts emphasise the critical importance of Nifty maintaining its position above 19,400. Nifty recorded a 1.73% gain last week, closing at 19,732. Analyst recommendations for trading include stocks such as HCLTech, CESC, Jindal Stainless, Aurobindo Pharma, Dr Reddy’s, NMDC, and Cyient. KAPIL SHAH TECHNICAL ANALYST, EMKAY GLOBAL FINANCIAL SERVICES Where is the Nifty headed? In the short term, the index will be considered in a bullish zone if it stays above 19,500.

Logistics Performance Index (LPI) ranking. Sumita Dawra, Special Secretary (Logistics) in the Department for Promotion of Industry and Internal Trade (DPIIT) met the nodal officers of the LPI dedicated cell formed in the stakeholder departments on Friday to discuss the Measures Taken and Action Plan for improving India’s LPI ranking. Dawra said that a targeted action plan is important to improve the logistics efficiency of the country and the country’s ranking in the World Bank LPI, according to a statement issued by the commerce and industry ministry. The dedicated cell meets every fortnight to assess the measures taken and outcomes achieved in improving performance across six parameters of LPI including customs, infrastructure, ease of arranging shipments, quality of logistics services, tracking and tracing, and timeliness. She added that the measures taken by the stakeholder ministries/departments will be showcased to the World Bank LPI team. At the meeting, Land Ports Authority of India (LPAI), highlighted that it has implemented a Land Port Management System to digitise operations and facilitate a secure electronic flow of information between all stakeholders at the integrated check posts, aimed to reduce the dwell time of cross-border movements (trade and passenger), enhance the efficiency of customs and border management clearance, and improve the timely delivery of shipments. As per the release, LPAI has been able to reduce the dwell time from 57 days to less than 24 hours. Manoj Gangeya, ED (Planning), at railways ministry highlighted the development of rail containerisation at ports and freight terminals, which is expected to increase the rail container loading from 80 million tonnes recorded last year

Shares of TVS Motor Company Ltd.(up 3.76 per cent), Hero MotoCorp Ltd.(up 1.66 per cent), Bajaj Auto Ltd.(up 1.45 per cent), Sona BLW Precision Forgings Ltd.(up 1.13 per cent) and MRF Ltd.(up 1.06 per cent) ended the day as top gainers in the pack. On the other hand, Tube Investments of India Ltd.(down 1.15 per cent), Samvardhana Motherson International Ltd.(down 1.15 per cent), Balkrishna Industries Ltd.(down 0.38 per cent) and Ashok Leyland Ltd.(down 0.02 per cent) finished as the top losers of the day.

Shares of Aurobindo Pharma Ltd.(up 3.15 per cent), Torrent Pharmaceuticals Ltd.(up 2.09 per cent), Alkem Laboratories Ltd.(up 1.99 per cent), Granules India Ltd.(up 1.62 per cent) and Divi's Laboratories Ltd.(up 1.48 per cent) ended the day as top gainers in the pack. On the other hand, Laurus Labs Ltd.(down 1.06 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(down 0.71 per cent) and Sanofi India Ltd.(down 0.04 per cent) finished as the top losers of the day.

Shares of L&T Technology Services Ltd.(up 0.49 per cent) and Tata Consultancy Services Ltd.(up 0.13 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 1.69 per cent), Infosys Ltd.(down 0.5 per cent), Coforge Ltd.(down 0.45 per cent), Wipro Ltd.(down 0.42 per cent) and Tech Mahindra Ltd.(down 0.36 per cent) finished as the top losers of the day.

HCL Technologies Ltd.(up 0.69 per cent), Tata Consultancy Services Ltd.(up 0.59 per cent), L&T Technology Services Ltd.(up 0.5 per cent), Persistent Systems Ltd.(up 0.32 per cent) and Wipro Ltd.(up 0.3 per cent) were among the top gainers. Coforge Ltd.(down 0.31 per cent) and MphasiS Ltd.(down 0.31 per cent) were the top losers on the index.

Au Small Finance Bank Ltd.(up 0.73 per cent) and Kotak Mahindra Bank Ltd.(up 0.04 per cent) were among the top gainers. IDFC First Bank Ltd.(down 3.33 per cent), State Bank of India(down 2.98 per cent), Axis Bank Ltd.(down 2.87 per cent), Punjab National Bank(down 2.51 per cent) and Bandhan Bank Ltd.(down 0.99 per cent) were the top losers on the index.

Mint explains: MSCI is a standalone NYSE-listed global index, whose stock indices are widely tracked by global asset managers, hedge funds, banks, corporates and insurance companies to allocate funds across global stock markets. The indices are widely used for passive investment by exchange traded funds, index funds and some fund of funds. Passive fund returns mirror index returns unlike active funds which can beat or underperform benchmarks.

Coforge Ltd.(up 2.45 per cent), Tata Consultancy Services Ltd.(up 2.1 per cent), HCL Technologies Ltd.(up 1.57 per cent), Infosys Ltd.(up 1.24 per cent) and Tech Mahindra Ltd.(up 0.95 per cent) were among the top gainers. were the top losers on the index.

MUMBAI : Global index provider MSCI has included nine Indian stocks in its MSCI Standard Index in the latest round of rebalancing, which will take India’s representation in the emerging market (EM) index to the highest-ever count of 131 stocks. The rebalancing, which will lead to minor cuts in the weights of some big names, could result in India attracting passive inflows of $1.5 billion after the changes take effect on 30 November.

IndusInd Bank Ltd. and wind-turbine maker Suzlon Energy Ltd., will be added to MSCI’s global standard gauge on November 30. Post changes, India will have 131 companies in the MSCI Emerging Markets Index, and the nation’s weight will reach an all-time high of 16.3 per cent, analyst Abhilash Pagaria wrote in a note.

Shares of Oberoi Realty Ltd.(up 5.62 per cent), Phoenix Mills Ltd.(up 5.58 per cent), Brigade Enterprises Ltd.(up 4.7 per cent), Prestige Estates Projects Ltd.(up 3.51 per cent) and Sobha Ltd.(up 2.89 per cent) ended the day as top gainers in the pack. On the other hand, finished as the top losers of the day.

Sona BLW Precision Forgings Ltd.(up 2.89 per cent), Balkrishna Industries Ltd.(up 2.53 per cent), Eicher Motors Ltd.(up 2.32 per cent), TVS Motor Company Ltd.(up 1.39 per cent) and Bharat Forge Ltd.(up 1.24 per cent) were among the top gainers. Tube Investments of India Ltd.(down 0.57 per cent) and Mahindra & Mahindra Ltd.(down 0.08 per cent) were the top losers on the index.

GlaxoSmithKline Pharmaceuticals Ltd.(up 3.65 per cent), Glenmark Pharmaceuticals Ltd.(up 2.45 per cent), Biocon Ltd.(up 1.27 per cent), Alkem Laboratories Ltd.(up 0.86 per cent) and Lupin Ltd.(up 0.7 per cent) were among the top gainers. Natco Pharma Ltd.(down 1.8 per cent), Aurobindo Pharma Ltd.(down 1.14 per cent), Ipca Laboratories Ltd.(down 0.99 per cent), Laurus Labs Ltd.(down 0.84 per cent) and Abbott India Ltd.(down 0.7 per cent) were the top losers on the index.

Sriram Velayudhan, Vice-President, IIFL Securities, says the Standard Index will see nine additions, the highest of them in terms of impact being Tata Motors DVR, which we are expecting in close to the tune of $145-$150 million which is a big ADV of almost 13 days, followed by Macrotech and APL Apollo. These are high inflow additions in terms of ADV to the tune of 10 to 11 days. No stocks have been deleted from the Standard Index and a lot of interesting names have been added. What is your view? MSCI made the announcement relating to the November review early Wednesday morning India Standard Time. As you rightly pointed out. So, there are not any deletions for the forthcoming review. This purely works on the basis of the methodology that MSCI has put out. We are not seeing any deletions in this review. In terms of addition, the Standard Index will see nine additions, the highest of them in terms of impact being Tata Motors DVR, which we are expecting in close to the tune of $145-$150 million which is a big ADV of almost 13 days, followed by Macrotech and APL Apollo. These again are high inflow additions in terms of ADV to the tune of almost 10 to 11 days. The other closely followed addition is IndusInd Bank wherein we have been following the foreign room for the last couple of quarters.

IndusInd Bank, One 97 Communications, Tata Motors ‘A’ (Tata Motors DVR) and Suzlon Energy shares are among nine stocks that have been included in the MSCI Global Standard Index. As per the latest announcement by the global index provider, the other stocks included in MSCI India Index are APL Apollo Tubes, Macrotech Developers, Persistent Systems, Polycab India and Tata Communications.

US Federal Reserve will not hike interest rates further. Indian markets were shut for a holiday on November 14. On Monday, the domestic benchmark equity indices ended half a percent lower amid mixed global cues.

IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, and One97 Communications, parent company of Paytm, to the closely watched Morgan Stanley Capital International (MSCI)Global Standard Index, which will be rejigged on November 15, highlighted brokerage Nuvama Alternative & Quantitative Research in its report. As per the brokerage report, with IndusInd Bank's debut, the stock will see $290 million in inflows.

Shares of Phoenix Mills Ltd.(up 4.97 per cent) and Sobha Ltd.(up 0.67 per cent) ended the day as top gainers in the pack. On the other hand, Prestige Estates Projects Ltd.(down 3.19 per cent), Oberoi Realty Ltd.(down 2.32 per cent), Mahindra Lifespace Developers Ltd.(down 1.93 per cent), Macrotech Developers Ltd.(down 1.0 per cent) and Godrej Properties Ltd.(down 0.92 per cent) finished as the top losers of the day.

Shares of Eicher Motors Ltd.(up 1.84 per cent), Mahindra & Mahindra Ltd.(up 0.91 per cent), Hero MotoCorp Ltd.(up 0.11 per cent) and Balkrishna Industries Ltd.(up 0.03 per cent) ended the day as top gainers in the pack. On the other hand, Sona BLW Precision Forgings Ltd.(down 1.93 per cent), Samvardhana Motherson International Ltd.(down 1.48 per cent), Bharat Forge Ltd.(down 1.38 per cent), Tube Investments of India Ltd.(down 1.1 per cent) and Ashok Leyland Ltd.(down 1.1 per cent) finished as the top losers of the day.