MSCI Financial News

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₹17.75 apiece to the current market price of ₹781, delivering a staggering return of nearly 4300%. Also Read: Indian stock market to see record inflows as India-China weight gap in MSCI Index narrows to historic low During this period, an investment of ₹10,000 would have turned into over ₹4.4 lakh. Impressively, out of the last 45 months (including February), the stock ended 28 in the green.

Read here: MSCI Rejig: PNB, BHEL, NMDC, among five additions to India Standard Index; 27 stocks added to Small Cap index Overall, Nuvama Alternative & Quantitative Research expects India to witness upwards of $1.2 billion FII passive inflow after these adjustments, which will take place on February 29. Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.

Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year. The latest shift in rate expectations came after an upside surprise in U.S. inflation on Tuesday which showed the consumer price index (CPI) rising 3.1% on an annual basis, above forecasts for a 2.9% increase.

shares on Dalal Street over those in Shanghai. Since January 2021, India's weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China's weight has declined from 40.1% to 25.4% during the same period. This is the shortest-ever gap between the weights of stocks of the two countries. Analysts expect this gap to shrink further with the likelihood of higher flows into India as economic uncertainty in China is driving overseas fund managers out of the country.

«As I see it, many of these companies probably may demand some amount of inclusion into the smallcap index, but I would feel that here the time is a little bit more watchful, careful,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Did you manage to glance through the list of smallcap additions in MSCI? I mean, it may just be called smallcap, but these are biggish companies. Anything which catches your attention? Well, I have not gone through the complete list, but I believe that some of these companies have already had a good run-up and I probably may not want to name the companies with a valuation, but I feel that they have been entered into the mainframe list of MSCI, but they have had their own share of run-up in the market.

₹509.95 apiece, continuing its sharp movement for the sixth consecutive trading session. In the last five sessions alone, the stock has increased by 85%. With today's rise, the total increase over the six-day period has reached 99.30%.

BHEL), GMR Airports Infrastructure, NMDC, Punjab National Bank (PNB) and Union Bank of India. There will be no deletions, according to an MSCI release issued late Monday. PNB and Union Bank will be among the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation. The third one is Midea Group Co from China.

Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts. Bitcoin remained strong after crossing $50,000 for the first time in over two years, thanks to inflows into exchange traded funds backed by the digital asset. It was last at $50,0097 in Asian hours.

By Elizabeth Howcroft

By Huw Jones

JPMorgan quant strategists have identified “a plethora of similarities” between the current rally in US stocks and the dot-com bubble, despite common dismissals of such parallels due to the distinct «irrational exuberance» of the latter period.

UBS Group strategists are forecasting a challenging period ahead for global equities, which are currently trading near all-time highs.

foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are simply tired of losing money.

Will 2024 mark the return of the momentum factor to the performance spotlight?

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session.

Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.

By Sinéad Carew and Amanda Cooper

UBS reported losses last year due to the integration of Credit Suisse, following the acquisition in March 2023.

MSCI Global Standard Index in the February review. These are Punjab National Bank (PNB), Bharat Heavy Electricals (BHEL), Union Bank of India and NMDC according to estimates by Nuvama.

foreign investors. Some are most worried by China’s souring relations with Western governments. Others fret about the unprecedented slump in the country’s property market.