GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of FSN E-Commerce Ventures, the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual review. The inclusion is expected to trigger passive inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research. The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. In its statement, MSCI said no deletions will take place from the Global Standard Index in this review cycle. Nykaa was one of two Indian stocks added to the Global Standard Index, alongside Coromandel International, which is expected to see inflows of approximately $252 million, according to Nuvama. Domestic index reshuffle Along with the Global Standard Index changes, MSCI also adjusted its MSCI India Domestic Index. Coromandel I...

[hfe_template id='11223'] [ad_1] American Depository Receipts (ADRs) of HDFC Bank rallied more than 3.5% in early trading on the New York Stock Exchange Tuesday driven by expectations that its weighting on the MSCI Standard Index could double in the August reshuffle. This anticipation follows a decline in foreign investors' stakes to below 55% in the June 2024 quarter. The change in MSCI weighting could potentially lead to an inflow of up to $4 billion from passive funds, analysts' estimates showed. Legroom for foreign holding in the bank has now gone up to 25.9%, against the MSCI requirement of 25% for increasing the weighting. "Currently, HDFC Bank's weighting in the MSCI EM Index is around 3.8%. After the rejig, this could jump to 7.2-7.5%, potentially bringing in $3.2 billion to $4 billion in inflows," said Abhilash Pagaria, head - Nuvama Alternative & Quantitative Research. On the NSE, shares of the bank had closed at ₹1,728 after a gain of...