India count in MSCI EM index now at 131
Country’s weight rises to 16.3%; index rejig may attract $1.5 bn
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Country’s weight rises to 16.3%; index rejig may attract $1.5 bn
Suzlon Energy stock was trading 1.12 per cent higher at Rs 38.84 on BSE. This was in addition to a 1.13 per cent rise on the counter on Sunday (Muhurat trading) and 1.77 per cent rise in Friday.
Inclusion or increase in weightage of a stock in global indices leads to inflows from passive funds which track that particular index
“Hero followed by Eicher would be the two preferred picks within the two-wheeler space. Within the tyre space, we prefer Ceat, followed by Apollo Tyres. We believe Ceat has a very stable growth outlook both for its OEMs as well as for the replacement demand and the absorption of new capacities would drive operating leverage.”
IIFL Securities said it expects Tata Communications, Macrotech Developers, APL Apollo Tubes, Persistent Systems, IndsInd Bank, Polycab, Paytm and Suzlon likely to be added to the MSCI India Standard Index after the review.