MSCI Financial News

By Mike Dolan

By Jamie McGeever

According to its annual results for the year to 31 December 2023, the trust offered a share price return of 20.2% and a NAV total return of 21.6%, compared with its MSCI All Country World index benchmark return of 15.3%.  The trust has also raised its dividend 5% on the previous year's figure, up to 25.2p per share thanks to the addition of a Q4 interim dividend of 6.34p. Spread between ten underlying equity managers, the trust's portfolio is highly concentrated, with 9% allocated to Jupiter Asset Management. Given the pending departure of manager Ben Whitmore, Numis analysts Ash N...

Tata Motors, NLC India, M&M, JM Financial, Ceat, IGL, are some stocks likely to be in focus on Thursday, March 7.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a positive note on Thursday, influenced by optimistic signals from international markets.On Wednesday, the local equity indices staged a strong comeback in the final trading hour, each closing over half a percent higher. This marked a milestone as the Sensex crossed the 74,000 threshold for the first time.The Sensex climbed 408.86 points to conclude at 74,085.99, while the Nifty 50 ended 117.75 points, or 0.53%, higher at 22,474.05.The Nifty 50 chart displayed a long bull candle with an extended lower shadow.

By Stella Qiu

Read the full story here.)Sensex Today Live : Gift Nifty Futures was trading marginally ahead of Nifty 50's Tuesday close, indicating a muted start for Indian benchmark indices. Sentiment for Indian markets would be marred further by the mixed performance of global peers that were weighed down by the cautious mood elsewhere.South Korean shares fell for a second straight session on Wednesday, dragged down by heavyweight chipmakers tracking losses in global peers.The benchmark KOSPI fell 5.42 points, or 0.20%, to 2,643.98 by 0110 GMT.

By Stephen Culp

Tata Motors into two separate listed entities — CV and PV — will eventually lead to the exclusion of the smaller stock (commercial vehicles unit) from Sensex and Nifty just like what happened during the demerger of Jio Financial Services from Reliance Industries (RIL). «Tata Motors is currently a member in all passive indices. However, once the demerger is complete, with the smaller entity (CV business) becoming a standalone entity, it will exit Nifty50 and Sensex. We're looking at a wait of around 15 months or so for this to materialise,» Nuvama's Abhilash Pagaria said.

stock rally remains unstoppable with Mr Retail behaving like the biggest bull of Dalal Street, investors have been left richer by nearly Rs 100 lakh crore in 8 months. The market capitalisation of all BSE-listed stocks, as a result, is now within kissing distance of touching the milestone of Rs 400 lakh crore for the first time. After hitting the Rs 300 lakh crore mark on 5 July 2023, India's m-cap ended Monday's session at Rs 394 lakh crore and is now just one lucky trading day away from hitting the magical figure. The fast-paced rally is driven by a handsome 15% surge in Nifty and hundreds of small and midcap stocks giving multibagger returns.

Tata Motors, at its meeting on March 4, approved the proposal of demerger of the company into two separate listed companies, which will house the Commercial Vehicles business and its related investments in one entity and the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity. Read here: Tata Motors business divisions come to a fork in the road “The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of Tata Motors shall continue to have identical shareholding in both the listed entities," the auto major said in a release. According to UBS, Tata Motors’ demerger simplifies the structure, but it does not see any unlocking of material value.

stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing's plans to support the economy as its week-long annual session of parliament, the National People's Congress, got underway. Equities around the rest of the region were also on the back foot following a retreat from record highs on Wall Street overnight on signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.

Buy or sell stocks for today: Aided by monthly F&O expiry and MSCI rebalancing volumes, the Indian stock market witnessed sharp upside movement in the last 30 minutes of the Thursday session. The Nifty 50 index ended 31 points higher at 21,982 level, the BSE Sensex went up 195 points and closed at 72,500 mark, whereas the Bank Nifty index scaled 157 points north and ended at 46,120 level.

NSE is now India's second-largest commodity platform… with an asterisk Gupta observes that numerous Foreign Institutional Investors (FIIs) are presently monitoring valuations diligently, conducting thorough research, and strategically investing during significant market corrections. He highlights that FIIs currently harbor a notably optimistic long-term perspective on India's market trajectory, expressing confidence in its resilience.

By Tom Westbrook

equity mutual funds have given mind-boggling returns of over 100 times when held since inception. A lumpsum investment of Rs 1 lakh (which wasn't a small amount in those days) would have turned you into a crorepati in 2-3 decades, an analysis by ETMutualFunds showed. HDFC ELSS Tax saver, the topper in the list, offered 23.71% since its inception. A lumpsum investment of Rs 1 lakh in the scheme would have now been Rs 3.79 crore. The scheme has completed 27.93 years of existence in the market.

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week. The yen steadied at 150.57 to the dollar and inched off a three-month low on the euro as Japanese inflation stayed at the central bank's 2% year-on-year target, keeping alive expectations it would exit negative rates by April.

Chris Wood said he continues to believe that India is the best equity story in the world on a ten-year view. In his GREED & Fear newsletter, Wood said the Indian market-especially mid-caps-looks expensive but these valuations must be seen in the context of acceleration in growth led by a developing capex cycle. According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.

In its interim results for the second half of 2023 published today (23 February), the trust explained the tender offer will be triggered if its NAV total return cumulatively underperforms the MSCI Emerging Markets index over five years, from 1 July 2024 to 30 June 2029. In the second half of 2023, JMG bought back 1.3% of its own share capital at an average discount of 10.6%. However, no changes to its discount management will occur, Numis analysts Ash Nandi and Ewan Lovett-Turner explained. The analyst duo noted the fund has outperformed the benchmark over a five- and ten-year period ...

(This Feb. 21 story has been corrected to fix the gender of the analyst in paragraph 2)

HDFC Bank and Reliance Industries, amid mixed cues from global peers. The BSE Sensex was trading 185 points lower at 72,437. Nifty50 was trading at 21,995, down 60 points at around 9.23 am.