Monday, November 25
Mumbai: India is expected to receive net inflows of around $2.5 billion from overseas passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks - BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty - to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.Passive funds, such as exchange traded funds (ETFs), structure their portfolios on the basis of these indices. When MSCI adds or removes stocks from its indices, these funds must also follow suit.115067038According to Nuvama Alternative & Quantitative Research, Voltas is projected to attract the highest inflow at $312 million, followed by BSE with $259
Mumbai: Overseas investors sold Indian equities worth ₹33,995 crore across 14 sectors between October 16 and 31, according to data from NSDL. Oil & gas witnessed the highest foreign outflows as investors sold ₹9,073 crore in the second half after selling over ₹12,000 crore in the first-half of the month.From January to September, overseas investors pulled ₹10,724 crore out of the shares in the sector."Apart from the volatility in crude oil prices, a major part of selling in the oil & gas sector was likely due to the energy stocks being widely held by foreign investors who sold India last month," said Sriram Velayudhan, senior vice president, IIFL Securities.Foreign investors renewed buying interest in the healthcare and power sectors, purchasing ₹2,321 crore and ₹1,168
The newly launched Maruti Suzuki Dzire, has scored a five stars for adult and four stars for child occupant safety in Global NCAP crash tests.The new DZire is the first vehicle in the company’s portfolio to achieve five stars in Global NCAP vehicle safety testing. The new DZIre is fitted with six airbags, Electronic Stability Control (ESC) and pedestrian protection as standard. Global NCAP’s crash test protocols assess frontal and side impact protection for all models, as well as Electronic Stability Control (ESC). Pedestrian protection and side pole impact protection assessments are required for vehicles scoring the highest star ratings. David Ward, Executive President of the Towards Zero Foundation said, “The new Dzire’s five star rating sets a significant safety benchmark for Ma
