Eternal’s shares declined 4.5% due to the company’s decision to limit foreign shareholding to 49.5%, potentially triggering significant selling by overseas passive funds. Nuvama Alternative & Quantitative Research estimates outflows ranging from $820 million to $1.3 billion as MSCI and FTSE benchmarks reduce the stock’s weightage. This shift stems from Eternal’s move to become an Indian Owned & Controlled Company.
Why is market rising today? Sensex gains 600 points, Nifty above 24K. 3 key factors
Indian stock markets surged on Wednesday, breaking a two-day losing spell. Positive global sentiment and other factors propelled investor confidence, with Sensex and Nifty 50
July 1, 2026