At the end of August 2022, India moved to the second spot in the MSCI emerging market (EM) index with a weight of 14.483% replacing Taiwan according to the data from Bloomberg. India now trails China, which accounts for over a third of the weight in the benchmark index. The MSCI EM index is widely tracked by global fund managers for fund allocation.
The Nifty auto index was one of the worst performing sectors and fell 0.87% and was trading at 16,042.85. In the 15 stock index only