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

Money ControlMoney Control · 1y ago
MSCI rejig tomorrow: 5 PSUs likely to be added to standard index, India could see $1 billion inflow
Medial

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.

Zomato, Paytm, Nykaa, ixigo, and Infibeam among NSE’s e-commerce index

EntrackrEntrackr · 5m ago
Zomato, Paytm, Nykaa, ixigo, and Infibeam among NSE’s e-commerce index
Medial

Zomato, Paytm, Nykaa, ixigo, and Infibeam among NSE’s e-commerce index NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced a new stock market index called the Nifty India Internet & E-Commerce Index. This index is designed to track the performance of 21 companies from the broader Nifty Total Market, all of which primarily operate through online platforms. It includes businesses involved in e-commerce, online services, and internet-based operations, aiming to provide investors with a comprehensive measure of the sector’s performance and assist them in making informed investment decisions. The weight of each stock in the index is determined by its free-float market capitalization, with a maximum cap of 20% for any single stock. The index was launched with a base value of 1,000, set on October 1, 2021. To ensure relevance and accuracy, the index follows a biannual review system, with updates scheduled for March and September. These reviews are based on average market data from the past six months, ending in January and July, respectively. Among the key constituents, Zomato, a food delivery and quick commerce aggregator, holds the highest weight in the index at 20.3%. Info Edge (India), which operates in recruitment, matrimony, real estate, and education, follows closely with 18.83%. PB Fintech, the parent of PolicyBazaar, which specializes in insurance and lending products, carries 16.72%. Other major players include Paytm, Nykaa, IRCTC, ixigo, Angel One, Motilal Oswal, Swiggy, and Indiamart. In terms of sectoral distribution, the consumer services sector dominates, accounting for 65.32% of the index's total weight. The financial services sector follows with 33.48%, while media, entertainment, and publication represent only 1.21%. This composition reflects the significant role of internet-driven consumer services and financial technology in India’s growing digital economy.

Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years

Business TodayBusiness Today · 1y ago
Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years
Medial

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, there are 20 women-led startups that have the potential to become unicorns in the future. These startups, classified as either 'gazelles' or 'cheetahs', demonstrate the increasing influence of women in the entrepreneurial ecosystem. Some of the notable startups include Sugar Cosmetics, Zypp Electric, Chalo, and Bankbazaar.com. The index also highlights the diversity among the founders, with Rashi Narang and Ridhima Coelho co-founding Heads Up For Tails and Vrushali Prasade co-founding Pixis at a young age of 29. The report emphasizes the importance of a well-funded startup ecosystem in driving India's economic growth.

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