MSCI Inc has announced changes to its Global Smallcap index, where 14 Indian stocks will enter while nine will exit the index on May 31. The changes will include Anupam Rasayan, KFin Technologies and NMDC Steel. The inclusion of Hindustan Aeronautics and Sona BLW Precision Wiring to the MSCI India Domestic index is set to result in net passive inflows of around $31m while exclusion of the stocks of Adani Group and Indus Towers is likely to result in a net outflow of about $471m, according to Nuvama Alternative and Quantitative Research.
Global shares rise with dollar, US bond yields turn higher
Global equities rose, U.S. Treasury yields turned higher, and the dollar strengthened as positive economic data and strong earnings boosted investor confidence. Manufacturing output and
January 18, 2025