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Showing posts with the label MSCI Rejig

Tata Tech among 11 smallcap stocks get MSCI seat, 22 thrown out

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[hfe_template id='11223'] [ad_1] Global index services provider MSCI has reshuffled its India Smallcap Index to include Tata Technologies, Hexaware Tech and ACME Solar and removed 22 other stocks like Aarti Drugs and Paisalo Digital. As a result of the rejig, JM Financial estimates that Tata Tech will have a passive fund inflow of about $16 million while Hexaware will get $15 million. Changes in the index will be implemented after market closing hours on May 30. Smallcap stock additions List of smallcap stock additions - ACME Solar Holdings, Authum Investment, AWL Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Tech, IGIL, Le Travenues Technology, Sagility India, Sai Life Sciences and Tata Technologies. Smallcap stock deletions Stocks which have been removed from the smallcap index are Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujara...

Election outcome, MSCI rejig among 8 factors to likely impact stock markets this week

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[hfe_template id='11223'] [ad_1] "The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960–24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports are placed at 23,750 and 23,550," De said. Factors that are likely to impact movement when markets reopen this week: Assembly Elections With the Bharatiya Janata Party led Mahayuti alliance sweeping Maharashtra, D-Street is expected to take the development positively when markets reopen. The alliance ended-up with 230 seats out of 288 which went to polls. In Jharkhand, JMM alliance wrested back the power, winning 56 out of 81 seats. Market experts hailed the Maharashtra results calling it favourable for the D-Street as Maharashtra is a large state and commercial capital of the country w...