India has become a market that you can’t ignore: Global experts
India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.
India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.
Global brokerage Morgan Stanley said in a note that the rising index weight could be a sign of exuberance or “due to fundamental factors such as improving free-float and rising relative earnings of India Inc.”
Global brokerage firm BofA downgraded the stock of HDFC Bank to 'neutral' from 'buy’ resulting in the decline of bank’s shares nearly a percent to Rs 1,622 a piece on Wednesday.
Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout, a media report said.
Union Bank of India, NHPC, NMDC, BHEL, Punjab National Bank are likely to be added to MSCI Standard index, as per the calculations done by the firm.
Disregarding positive global cues and World Bank’s laudatory comment on India’s long-term growth potential, Dalal Street participants disrupted the record-smashing…
