Tata Steel shares climbed more than 3% on Wednesday, following a global surge in steel futures driven by encouraging factory data from China, which pointed to a rebound in manufacturing activity. The upward momentum carried into Thursday, with the stock reaching an intraday high on the BSE.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The