Page 32 - Quantitative Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Federal Retirement Thrift Investment Board's (FRTIB), one of the US government's 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 isn't 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, India's 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.