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.
Disregarding positive global cues and World Bank’s laudatory comment on India’s long-term growth potential, Dalal Street participants disrupted the record-smashing…