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%.
Technology to drive consolidation in broking and asset management: Saurabh Mukherjea
Saurabh Mukherjea of Marcellus Investment Managers anticipates profit margin compression in the AMC sector due to increased competition. He suggests potential US tariffs on India