Page 16 - Quantitative Research News Today

A mega block deal in Mankind Pharma, worth Rs 6,395 crore, took place on the exchanges earlier in the day.

Cliff Asness, the chief of AQR Capital Management, is one of the most successful hedge fund managers on Wall Street.

Both Nifty Auto and Nifty Realty indices are in focus after the RBI MPC kept its repo rate unchanged for the fifth time today, in the last policy meeting of 2023.

The 4th Budapest Climate Summit, organized by White Paper Consulting, took place this year on 4 December in Budapest, bringing together more than 40 speakers from 25 countries and climate and sustainability stakeholders from Central and Eastern Europe and beyond to discuss the challenges and opportunities of climate change in view of our net-zero ambitions.

Analysts expect the strong momentum for the Nifty on the back of strong rollovers, positive FII sentiment and upbeat global and domestic cues to take it to newer all-time highs in the December F&O series.

The Federal Retirement Thrift Investment Boards (FRTIB), one of the US governments main retirement funds, decision to change the benchmark index for gaining international exposure will channel $3.6 billion (Rs 30,000 crore) inflows into domestic equities. India has a weightage of 5.3 per cent, seventh-most in the new MSCI ACWI IMI ex USA ex China ex Hong Index, which FRTIB now plans to use. India isnt part of the current developed markets-dominated MSCI EAFE index that the pension fund uses.

Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, HDFC Bank Ltd and Tata Consultancy Ltd may account for $809 million inflows. This is against a potential flow of $3.7-$3.8 billion in 2024.

The Nifty 50 index crossed above the 20,000-mark for the first time since September 2023, driven by positive global cues and strong gains in index heavyweights.

Around 1.6 crore shares or 2.56 percent stake of the company worth Rs 1441 crore changed hands

The Indian equity markets have significantly increased in importance within the emerging market (EM) basket of stocks in recent years. Since 2018, Indias weighting in the Morgan Stanley Capital International (MSCI) EM Index - tracked by passive funds with assets of nearly $500 billion - has doubled, while the number of domestic stocks has grown by almost 70 per cent.