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MSCI rejig tomorrow: 5 PSUs likely to be added to standard index, India could see $1 billion inflow

Money Control

Money Control · 1y ago

MSCI rejig tomorrow: 5 PSUs likely to be added to standard index, India could see $1 billion inflow

Index provider MSCI is expected to announce the results of its quarterly review on February 13, with public sector companies likely to be included in the MSCI Standard index. NMDC, Punjab National Bank, BHEL, Union Bank of India, and NHPC are among the probable inclusions, which could bring inflows of millions of dollars to these stocks. Additionally, several recently listed stocks, including Cello World and Mamaearth, are expected to make it to the MSCI Smallcap index, resulting in further inflows. Indian equity markets could see a total of $800 million to $1 billion of inflows on February 29 due to adjustments made by funds and ETFs benchmarked against MSCI indices.

Related News

Nykaa, Paytm Among Top Contenders for Inclusion During MSCI’s May Rejig

OutlookIndia

OutlookIndia · 2m ago

Nykaa, Paytm Among Top Contenders for Inclusion During MSCI’s May Rejig

In the upcoming MSCI India Standard Index revision, Nykaa, Paytm, and Coromandel International are likely new additions. Expected inflows could reach $210 million for FSN E-Commerce, Nykaa's parent, and $200 million for Coromandel. This MSCI reevaluation is crucial as global investment funds track these indices, influencing stock movements. While Tata Technologies, Premier Energies, and others are hopeful inclusions, Thermax and Sona BLW may be exclusions, potentially causing $120 million in outflows for Thermax.

Nuvama sees Mamaearth getting included in MSCI Smallcap Index, Nykaa in Global Standard Index

Inc42 · 1y ago

Nuvama sees Mamaearth getting included in MSCI Smallcap Index, Nykaa in Global Standard Index

According to Nuvama Alternative & Quantitative Research, Honasa Consumer, the parent company of Mamaearth, is expected to be included in the MSCI Smallcap index. Other contenders for inclusion in the index include IREDA, Cello World, and Signature Global. The MSCI index rejig is set to be officially announced on February 13, with adjustments taking place on February 29. Nykaa, Canara Bank, Mankind Pharma, Bosch, and Vodafone Idea are also seen as potential candidates for inclusion in the MSCI Standard index.

Paytm Removed From MSCI India Index Amid Declining Market Cap, PB Fintech Added

Inc42 · 1y ago

Paytm Removed From MSCI India Index Amid Declining Market Cap, PB Fintech Added

Paytm's parent company, One 97 Communications, has been removed from the MSCI India Index after its market capitalization dropped by over half to $2.6 billion. This comes following the RBI's regulatory crackdown on Paytm Payments Bank. Meanwhile, PB Fintech, the parent company of Policybazaar, has seen an increase of 60% in market valuation so far this year and has been added to the MSCI India Index. Paytm has also been added to the MSCI India Domestic Small Cap Index, reflecting changes in its market capitalization.

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

VCCircle

VCCircle · 12m ago

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

India's weight on the MSCI Global Standard index, which tracks emerging market stocks, has reached a new record high. This increase is expected to attract inflows of around $3 billion into India's equity markets. The rise in India's weight on the index will narrow the gap with China. HDFC Bank, the largest private lender in India, will see an increase in its weightage, potentially triggering inflows of $1.8 billion. Other companies, including Bharti Airtel and Coal India, will also see an increase in their weightage, while some companies will experience a reduction.

Policybazaar Parent Rolls Out ESOP Prog Worth INR 96.6 Lakh

Inc42 · 1y ago

Policybazaar Parent Rolls Out ESOP Prog Worth INR 96.6 Lakh

PB Fintech, a company whose employee share plan was approved by investors earlier this week, has issued nearly 4.83 million new shares. However, it is uncertain how many employees will benefit from this plan. The company's stock experienced a significant increase, rising by almost 9% on Friday, potentially in response to being added to the MSCI Global Standard Index during its quarterly rebalancing.

Broader indices put good show in truncated week; outperform in FY24

Money Control

Money Control · 1y ago

Broader indices put good show in truncated week; outperform in FY24

In the holiday-shortened week, the BSE Sensex gained 1% to close at 73,651.35, while the Nifty50 index added 1% to finish at 22,326.90. The BSE Small-cap, Mid-cap, and Large-cap indices rose 1.8%, 1.4%, and 0.6%, respectively. On the sectoral front, Nifty Realty gained 5%, Nifty Oil & Gas was up 2%, and Nifty Auto and Healthcare added 1.7% each. FIIs turned net buyers, purchasing equities worth Rs 2,368.76 crore, while DIIs bought equities worth Rs 8,913.49 crore. The BSE Small-cap index rose nearly 1%.

Construction sector may see 10% YoY revenue growth, stable margins in Q3FY24

Livemint

Livemint · 1y ago

Construction sector may see 10% YoY revenue growth, stable margins in Q3FY24

InCred Equities expects a growth of 10% YoY in Q3FY24 for construction companies in the EPC sector. NCC is estimated to have a higher sales growth of 37% YoY due to its strong order book. Toll-based assets are expected to see a 5% sequential rise in revenue. The government's infrastructure spending and investment in PSUs are driving the growth. Project execution in election years has historically fallen by 5% YoY. InCred Equities expects a strong execution in FY24, followed by a dip in growth in FY25.

Mutual funds continue to buy HDFC Bank shares for fifth successive month

Money Control

Money Control · 1y ago

Mutual funds continue to buy HDFC Bank shares for fifth successive month

Mutual funds continue to show interest in HDFC Bank, with May marking the fifth consecutive month of buying shares. In May, mutual funds purchased shares worth Rs 7,600 crore, bringing the total value of shares held to Rs 2.32 lakh crore. SBI Mutual Fund is the largest stakeholder in HDFC Bank, followed by ICICI Prudential Mutual Fund and HDFC Mutual Fund. Despite underperforming in recent years, analysts believe the stock could see a recovery due to attractive valuations and low earnings per share expectations. The upcoming MSCI India index rebalance in August could also lead to significant passive buying of HDFC Bank shares.

Zomato, Jio Financial earn Nifty 50 ticket at Britannia, BPCL's expense

Economic Times

Economic Times · 5m ago

Zomato, Jio Financial earn Nifty 50 ticket at Britannia, BPCL's expense

Zomato and Jio Financial Services have been added to the Nifty50 index, replacing Bharat Petroleum Corporation and Britannia Industries. These changes are effective from March 28, 2025, following an NSE Sub-Committee decision based on market capitalization criteria. Zomato and Jio Financial are expected to see significant passive inflows, while Bharat Petroleum and Britannia may face outflows. Nifty's semi-annual rebalancing ensures the index reflects market dynamics, potentially increasing institutional interest in the newly included stocks.

$1 bn valuation not gold standard: BookMyShow's Ashish on unicorns

Twitter · 1y ago

$1 bn valuation not gold standard: BookMyShow's Ashish on unicorns

BookMyShow CEO Ashish Hemrajani said the success of a business shouldn't be linked with a $1 billion valuation, which gives a startup unicorn status. "Who came up with that number of $1 billion?...It is not the gold standard," he stated at Startup Mahakumbh event. He added that other metrics like profitability should also be considered when evaluating a business.

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