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FRTIB decided to switch its benchmark for international stock investment fund to ACWI IMI ex-USA ex-China ex-Hong Kong index from EAFE index

The National Stock Exchange (NSE) Nifty Next 50 Index could undergo large-scale changes if the proposed tweaks to its computation methodology get implemented. In a discussion paper floated recently, NSE Indices, which owns and manages a portfolio of over 350 indices under the Nifty brand, proposed that only stocks that are traded in the futures and options (F&O) segment can be part of the index. Currently, as many as 11 non-F&O stocks are part of the Nifty Next 50 Index, which, as the name sugge...

According to analysts, the increased leeway will result in an increase in the lenders weight in the MSCI India index, as well as stock purchases of about a billion dollars, , kotak mahindra bank, fpi

Last week, MSCI announced it will reduce the weightage of four Adani companies from March

Last week, MSCI announced it will reduce the weightage of four Adani companies from March

On Friday, Moody's downgraded its ratings outlook to negative from stable for Adani Green Energy (ADNA.NS); the Adani Green Energy Restricted Group, which represents some of its other units; and two subsidiaries of Adani Transmission (ADAI.NS).rg Research

MSCI said it will cut the weightings of Adani Enterprises and three other Adani firms in its indexes - the latest blow to the Indian conglomerate thrust into crisis by a short-sellers report.

US-based stock index complier’s cut includes Adani Enterprises, the flagship firm led by India billionaire Gautam Adani.

Index provider MSCI’s move comes at a time when listed companies of the Gautam Adani-owned conglomerate have plunged sharply on the stock market, triggered by a scathing report by US short seller Hindenburg. 

Pressure mounts on the Adani Group as global ratings agency Moody's downgraded some listed units, while MSCI cut the weightings of some companies in its indexes.