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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.

Related News

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.

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.

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.

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.

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

Inc42 · 11m ago

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

In the week's tech stock updates, Unicommerce was the biggest loser, while TAC Infosec emerged as the biggest gainer with a 10.6% rally. Other gainers included CarTrade, Mamaearth, Nykaa, Zomato, Awfis, and TBO Tek. However, the overall market saw a decline, with Sensex falling by 1.43% and Nifty 50 declining by 1.52% due to global volatility.

Eternal shares slip 4% after FTSE, MSCI cut stock weight; $840 million in passive outflows likely

Economic Times

Economic Times · 2m ago

Eternal shares slip 4% after FTSE, MSCI cut stock weight; $840 million in passive outflows likely

Shares of Eternal, formerly Zomato, fell 4% due to anticipated $840 million passive outflows after FTSE and MSCI reduced its stock weight. This follows a Foreign Ownership Limit (FOL) cut, affecting global index investments. Eternal's weighting in the FTSE All World Index declined from 82.74% to 49.5%. The adjustments are due to take effect on May 28, potentially leading to $1.3 billion total outflows as MSCI plans further revisions for May 2025.

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.

JM Financial Expects Jio Financial Services, Zomato To Join Nifty If Added To F&O

Inc42 · 1y ago

JM Financial Expects Jio Financial Services, Zomato To Join Nifty If Added To F&O

Broking firm JM Financial predicts that if Jio Financial Services and Zomato are included in the futures and options (F&O) market, Trent and Bharat Electronics may join the Nifty index. This comes as new eligibility criteria for the derivatives market proposed by SEBI could potentially allow new-age tech stocks to enter the F&O segment, according to Nuvama Institutional Equities.

Eternal Draws the Line on Foreign Ownership—Could MSCI Be the Next to Exit?

OutlookIndia

OutlookIndia · 2m ago

Eternal Draws the Line on Foreign Ownership—Could MSCI Be the Next to Exit?

Eternal Ltd shareholders voted to cap foreign ownership at 49.5%, raising concerns about its status in the MSCI Emerging Market Index. Currently, foreign investors hold a 44.8% stake, potentially rising to 46%. The move to become Indian-owned could allow control over inventory and improve profit margins. However, these changes risk significant capital outflows if MSCI reduces Eternal's index weight or excludes it. Jefferies emphasizes uncertainty over future foreign portfolio investor behavior.

Emerging-Market Currencies Fluctuate as Post-Fed Euphoria Dims

Livemint

Livemint · 10m ago

Emerging-Market Currencies Fluctuate as Post-Fed Euphoria Dims

Emerging-market currencies were volatile following the Federal Reserve's rate cut as risk-on sentiment waned. The MSCI gauge for developing-market currencies remained relatively unchanged, while Brazil's real fell, awaiting the government's budget review. The MSCI index for EM equities rose, led by Taiwan and Hong Kong shares. Investors remain concerned about global economic growth and geopolitical risks, which could complicate the outlook for exposed economies and assets. In currency moves, Mexico's peso dropped against the dollar, Indonesia's rupiah gained due to rising bond inflows, and Thailand's baht surged. Sri Lanka's dollar bonds lagged behind, while Egypt plans to return to international debt markets.

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