Latest news with #MSCIIndiaDomesticIndex
News18
14-05-2025
- Business
- News18
Nykaa Shares Rise 3% On MSCI Index Inclusion, $199 Million Inflows Eyed
Last Updated: Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2% Nykaa Share Price Today: Shares of FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, rose as much as 3.2% to Rs 203.8 on the BSE on Wednesday. The rally came after global index provider MSCI announced the inclusion of the stock in its MSCI Global Standard Index as part of its latest semi-annual index review. The inclusion is expected to trigger passive inflows of approximately $199 million, according to estimates from Nuvama Alternative & Quantitative Research. This development marks a significant milestone for Nykaa, which has shown improving investor sentiment in recent months. Nykaa was one of two Indian stocks added to the MSCI Global Standard Index. The other was Coromandel International, which is projected to see even larger inflows of around $252 million. However, in contrast to Nykaa's rise, shares of Coromandel International declined by over 4% during the same trading session. MSCI confirmed that no deletions were made from the index in this review, and the changes will take effect after the market closes on May 30, 2025. MSCI also made several changes to its domestic indices. In the MSCI India Domestic Index, Coromandel International and GMR Airports were added, while Sona BLW Precision Forgings was removed. The MSCI India Domestic Smallcap Index saw broader adjustments, with 12 additions and 21 deletions. Notable additions included Acme Solar Holdings, Authum Investment, AWL Agri Business, and Godrej Agrovet, while companies like Aarti Drugs, Allcargo Logistics, and Godrej Industries were among those removed. Nykaa's stock has shown strong technical performance leading up to the announcement. It has gained nearly 20% over the past year, including a 12% rise in the last month and more than 4% in the past week. The stock is currently trading above all eight key simple moving averages, including the 100-day, 150-day, and 200-day SMAs—often seen as indicators of bullish momentum. The 14-day Relative Strength Index (RSI) for Nykaa stands at 64.1. While this suggests continued strength in the stock, it also signals that it is approaching the overbought threshold of 70. Investors may want to exercise some caution as the RSI moves closer to that level. First Published: May 14, 2025, 13:24 IST
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Business Standard
14-05-2025
- Business
- Business Standard
MSCI review impact: Acme solar, Authum up 10%; Nykaa up 3%, Paytm drops 3%
Shares of FSN E-Commerce Ventures, Acme Solar, and Authum Investment & Infrastructure surged in trade on Wednesday after being included in various indices as part of MSCI semi-annual review. Shares of the agrochemicals firm Coromandel International traded muted, even as it was included in the MSCI Global Standard Index. Meanwhile, the parent entity of Nykaa rose 3.45 per cent during the session. The stock trimmed gains to trade 1.5 per cent higher, compared to the 0.67 per cent advance in the benchmark Nifty50 index. According to reports, through this inclusion, Coromandel's inclusion could bring passive inflows of $227 million, while Nykaa may see inflows of $181 million. Share prices of Nykaa have rallied 20 per cent this year, while Coromandel International's scrip is up nearly 30 per cent. This compares to a 4 per cent gain in the Nifty50 index. However, shares of One97 Communications, parent company of Paytm, tumbled 3.14 per cent after it was not included in the key index, contrary to the street's expectation. Shares of Paytm were down nearly 18 per cent this year. GMR Airports scrip rose as much as 1.2 per cent on being included in the MSCI India Domestic Index. Sona BLW Precision Forging rose 3.7 per cent despite being removed from the index. Acme Solar Holdings rose 9.8 per cent, and Authum Investment rallied 10.5 per cent after being included in the MSCI India Domestic Smallcap Index. Acme Solar is a renewable energy company, while Authum Investment is a non-banking finance company. Meanwhile, here are the stocks that could face selling pressure as they were removed from the small-cap index: Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies and Chemicals, HeidelbergCement India, Hemisphere Properties India, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development Company, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, and Shyam Metalics and Energy. The changes in the index will take place as of the close of May 30, 2025, the global index aggregator said in a statement in early hours of Wednesday.
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Business Standard
14-05-2025
- Business
- Business Standard
MSCI rejig: Time to buy these 5 stocks for your portfolio? What charts say
The MSCI, in its semi-annual review, announced addition of Coromandel International and FSN E-Commerce Ventures (Nykaa) to its MSCI Global Standard Index, with effect from June 2025 onwards. Among other key additions, MSCI has included GMR Airports in its MSCI India Domestic Index. That apart, 12 stocks namely - Acme Solar Holdings, Authum Investment, Awl Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Technologies, International Gemmological, Le Travenues Technology, Premier Energies, Sagility India, Sai Life Sciences and Sona Blw Precision - will be part of the MSCI India Domestic Smallcap Index. Here's all you need to know about the MSCI additions and deletions. Given this background, what should your trading strategy be in these stocks? Here's a technical outlook on select 5 stocks from the MSCI additions, with key support and resistance levels. Coromandel International Current Price: ₹2,343 Downside Risk: Support: ₹2,250; ₹2,180; ₹2,150 Resistance: ₹2,380 Coromandel International stock rallied almost 50 per cent in the last three months to hit a high at ₹2,498. The stock is now showing some signs of tiring out; hence an intermediate correction cannot be ruled out. The 38.2 per cent and 50 per cent retracements levels of the recent level, indicate a likely downside target of ₹2,180 and ₹2,083 for the stock. Chart shows that the short-term bias for the stock is likely to remain positive as long as the stock holds above ₹2,150 levels, with near support seen at ₹2,250. For the uptrend to resume, the stock will need to break and trade consistently above ₹2,380. CLICK HERE FOR THE CHART Nykaa Current Price: ₹198.40 Upside Potential: Downside Risk: Support: ₹193.35; ₹188.50 Resistance: ₹204; ₹207 Nykaa stock is seen facing resistance at the key weekly super trend line at ₹198.65 levels. The stock needs to break and ensure a weekly close above the same for further gains to emerge. Post breakout the stock can potentially rally to ₹210 levels, with interim resistance seen at ₹204 and ₹207 levels. On the flip side, in case the stock fails to give a weekly breakout, Nykaa can slip back to ₹183-odd levels; with interim support anticipated around ₹193.35 and ₹188.50 levels. CLICK HERE FOR THE CHART GMR Airports Current Price: ₹87.92 Upside Potential Support: ₹87; ₹84.80; ₹81.50 Resistance: ₹90; ₹92.40; ₹94 GMR Airports is likely to trade with a favourable bias as long as the stock holds above ₹81.50 levels. Near support for the stock exists at ₹87 and ₹84.80 levels. On the upside, the stock can potentially surge to ₹98 levels, with interim resistance likely around ₹90, ₹92.40 and ₹94 levels. CLICK HERE FOR THE CHART Authum Investments Current Price: ₹2,135 Upside Potential: Support: ₹2,037; ₹2,005 Resistance: ₹2,250 Authum Investments has given a breakout on the daily and weekly scale. The near-term bias for the stock is expected to remain positive as long as the stock trades above ₹2,037 and ₹2,005 support zone. On the upside, the stock can potentially surge to ₹2,400 levels, with interim resistance likely around ₹2,250. CLICK HERE FOR THE CHART Le Travenues Technology (IXIGO) Current Price: ₹165 Upside Potential: Support: ₹ Resistance: ₹ Le Travenues stock seems on course to test ₹181 levels as per the weekly chart. Interim resistance for the stock can be expected around ₹171 and ₹178 levels. The near-term bias for the stock is likely to remain favourable as long as the stock holds above 163; below which key support for the stock stands at ₹155.50.
Time of India
14-05-2025
- Business
- Time of India
MSCI May Rejig: Nykaa, Coromandel join Global Standard Index; 12 additions in Indian Smallcap Index
FSN E-Commerce Ventures ( Nykaa ) and Coromandel International have been added to the MSCI India Index , part of the MSCI Global Standard Index , as per the May 2025 review announced on Wednesday. The inclusion of Coromandel International and Nykaa in the Global Standard Index will be effective after market close on May 30, 2025. Notably, no deletions were made from the index in this rebalancing. As a result of their inclusion, Coromandel International is expected to see passive inflows of approximately $252 million, while Nykaa is anticipated to attract inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research. Along with their addition to the MSCI Global Standard Index , both Coromandel International and GMR Airports have been included in the MSCI India Domestic Index. In contrast, auto components manufacturer Sona BLW Precision Forgings Ltd. has been removed from the domestic index. In addition to these changes, MSCI has also made adjustments to the MSCI India Domestic Smallcap Index , adding 12 new stocks while removing 21 others. The newly added companies to the Smallcap Index include Acme Solar Holdings , Authum Investment , AWL Agri Business , Dr. Agarwal's Health Care, Godrej Agrovet , Hexaware Technologies , International Gemmological Institute India, Le Travenues Technology , Premier Energies , Sagility India , Sai Life Sciences, and Sona BLW Precision Forgings. On the other hand, the 21 stocks that have been deleted from the MSCI India Domestic Smallcap Index include Aarti Drugs, Allcargo Logistics, Godrej Industries, Patel Engineering, Prince Pipes and Fittings, and Orchid Pharma, among others. All the changes in constituents for the MSCI India Domestic Small Cap Index will also take place as of the close of May 30, 2025. Also Read: Stocks in news: HAL, Eicher Motors, Airtel, Tata Motors, Cipla ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
14-05-2025
- Business
- Business Standard
MSCI May Rejig: Coromandel, Nykaa make the cut into Global Standard Index
In its latest semi-annual review, global index aggregator MSCI has included Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the parent company of Nykaa, in its MSCI Global Standard Index. There will be no deletions taking place from the Global Standard Index, it said in a statement in early hours of Wednesday, adding that the changes take place as of the close of May 30, 2025. According to reports, through this inclusion, Coromandel's inclusion could bring passive inflows of $227 million, while Nykaa may see inflows of $181 million. Going against the street's expectations, One97 Communications, parent company of Paytm, was not included in the MSCI indices. Other changes Meanwhile, as part of its changes in other Indian indices, Coromandel International and GMR Airports saw their inclusion in the MSCI India Domestic Index, while Auto components manufacturer Sona BLW Precision Forgings saw its exclusion. In the MSCI India Domestic Smallcap Index, 12 companies saw their inclusion while 21 stocks were excluded from the index, the aggregator said in the statement. Stocks that saw inclusion in the smallcap index: Acme Solar Holdings, Authum Investment, Awl Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Tech (New), International Gemmologic, Le Travenues Technology, Premier Energies, Sagility India, Sai Life Sciences and Sona Blw Precision. Stocks that were removed from the small-cap index: Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujarat Alkalies and Chemicals, HeidelbergCement India, Hemisphere Properties India, Moschip Technologies, NOCIL, Orchid Pharma, Orissa Minerals Development Company, Paisalo Digital, Patel Engineering, Prince Pipes and Fittings, Rossari Biotech, Share India Securities, and Shyam Metalics and Energy.
