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.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction