India saw an influx of up to $3 billion in August due to MSCI’s adjustments to its indices. HDFC Bank’s weight was increased, and restrictions on Adani Group stocks were lifted. Seven companies joined the global standard index, boosting India’s weight in the emerging markets index to 20%.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of