Latest news with #MSCIIndiaStandardIndex
Mint
08-08-2025
- Business
- Mint
MSCI Rejig: Swiggy, Vishal Mega Mart, Waaree, Hitachi included in India Standard index; Sona BLW, Thermax excluded
Swiggy, Vishal Mega Mart, Waaree Energies India and Hitachi Energy India shares have been included in the MSCI India index, which is part of the MSCI Global Standard Index. Sona BLW Precision Forgings and Thermax have been dropped from the MSCI India index, the index provider said on August 8. The changes in constituents for the MSCI Global Standard Indexes will take place as of the close of August 26, 2025. Upon inclusion in the MSCI India Standard Index, Swiggy is estimated to see passive inflows of $289 million, while Vishal Mega Mart is likely to attract inflows worth $258 million. Waaree Energies and Hitachi Energy shares are expected to see inflows worth $233 million and $230 million, respectively, according to IIFL Alternate Desk. On the other hand, exclusion of Sona BLW could result in outflows to the tune of $163 million, and Thermax may see outflows of $121 million. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
05-08-2025
- Business
- Business Standard
MSCI August rejig: Vishal Mega, Swiggy among entrants; $1 bn inflows likely
Shares of Vishal Mega Mart, Swiggy, Hitachi Energy, and Waaree Energies are likely to be included in the benchmark India MSCI index's August rejig, according to Nuvama Institutional Equities. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours. All these four stocks could result in an inflow of $1.02 billion, with Vishal Mega Mart and Swiggy set to top the inflows with $287 million and $285 million, respectively. Shares of Vishal Mega Mart have seen a rally of 36 per cent so far this year, while Swiggy shares have fallen by 28 per cent. Hitachi Energy and Waaree Energies shares have advanced by 47 per cent and 7.3 per cent, respectively, this year. Meanwhile, the benchmark Nifty50 index has risen 4.4 per cent. Earlier in June, JM Financial also noted that Swiggy, Mazagaon Dock Shipbuilders, Hitachi Energy India and Waaree Energies are the four stocks that could be added to the MSCI Indexes. These four additions could draw an estimated inflow of $850 million, it said. In the MSCI Smallcap Index, Inventurus Knowledge, Capri Global Capital, Brainbees Solutions and Lumax Auto Tech are among the 12 companies that could see inclusion, totalling an inflow of $65 million, according to Nuvama. Belrise Industries, Transrail Lighting, Ather Energy, CSB Bank, India Glycols, Lloyds Enterprises, Yatharth Hospital and Zinka Logistics are the other names to see inclusion. Earlier, in the May semi-annual review, MSCI included Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the parent company of Nykaa, in its MSCI Global Standard Index. There were no deletions from the Global Standard Index, and the changes took place as of the close of May 30, 2025.
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Business Standard
04-07-2025
- Business
- Business Standard
Swiggy rises 2% a day after BNP Paribas Financial Mkts buys 0.32 mn shares
Swiggy share price rose 2.3 per cent in trade, logging an intraday high at ₹394.95 per share. At 10:43 AM, Swiggy shares were trading 1.54 per cent higher at ₹392 per share on the BSE. In comparison, the BSE Sensex was up 0.07 per cent at 83,294.82. The company's market capitalisation stood at ₹97,750.96 crore. Its 52-week high was at ₹617 per share and 52-week low was at ₹297 per share. Why are Swiggy shares buzzing in trade? The northward movement in the stock came a day after BNP Paribas Financial Markets bought 0.32 million shares at ₹381 per share from Citigroup Global Markets Mauritius, according to block deal data on BSE. As of March 2025, mutual funds held a 5.82 per cent stake in the company, alternate investment funds 0.98 per cent, and insurance companies held a 1.36 per cent stake. In other developments, recently, food delivery platform Swiggy announced the launch of the 99 Store, a new range of offerings on its application (app). The section, which features quickly prepared dishes, offers single meals at a flat price of ₹99. The store is currently available to users in more than 175 cities, including Bengaluru, Ahmedabad, Kolkata, Hyderabad, Delhi, Pune, Chennai, Lucknow, Vadodara, Thiruvananthapuram, Tirupati, Patna, Surat, Bhopal, Dehradun, Mysuru, and Ludhiana. That apart, Swiggy is among stocks that could be added to the MSCI Indexes in the upcoming review this August, according to JM Financial. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours, the brokerage said in a note. The counter of the food delivery giant has recently come under focus as Rapido is gearing up to enter the food delivery space. Rapido is expected to charge a commission rate of 8-15 per cent from restaurant partners, which is significantly lower than Zomato and Swiggy's 21–22 per cent blended rates. The August 2025 rejig may include up to four additions, drawing estimated inflows of $850 million, it added. The changes will take effect from August 27. Swiggy is the only 'high' probable stock that could enter the global index aggregator's MSCI India Standard Index. The food delivery firm is expected to bring flows worth $385 million, the report sa
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Business Standard
16-06-2025
- Business
- Business Standard
MSCI rejig: Swiggy, Mazagon Dock among 4 entrants; $850 mn inflows likely
Swiggy Ltd., Mazagaon Dock Shipbuilders Ltd., Hitachi Energy India Ltd. and Waaree Energies Ltd. are the four stocks that could be added to the MSCI Indexes in the upcoming review this August, according to JM Financial. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours, the brokerage said in a note. The August 2025 rejig may include up to four additions, drawing estimated inflows of $850 million, it added. The changes will take effect from August 27. Swiggy is the only 'high' probable stock that could enter the global index aggregator's MSCI India Standard Index. The counter of the food delivery giant has recently come under focus as Rapido is gearing up to enter the food delivery space. Rapido is expected to charge a commission rate of 8-15 per cent from restaurant partners, which is significantly lower than Zomato and Swiggy's 21–22 per cent blended rates. Shares of Swiggy tumbled 33 per cent so far this year, compared to a 4.8 per cent advance in the benchmark Nifty50 index. The food delivery firm is expected to bring flows worth $385 million, the report said. Meanwhile, the shares of Mazagaon Dock and Hitachi Energy are under JM Financial's 'Medium Probability' list for the MSCI index inclusion. Mazagaon Dock scrip has cooled off after it saw a rally in May on the back of India's increased geopolitical tensions with Pakistan amid 'Operation Sindoor'. The stock of the shipbuilding company has fallen 10 per cent in June so far, after a 14 per cent rise in the month before. So far this year, the shares of Mazagaon Dock have surged by 40 per cent. Mazagaon Dock and Hitachi Energy are likely to bring inflows worth $187 million and $165 million, respectively. Waaree Energies is under the 'Waaree Energies' for its inclusion in the MSCI India Standard Index. With a market capitalisation of ₹80,506.81 crore, the stock has been under consolidation since the end of April. In the year so far, the stock has been almost flat with a 1.8 per cent decline. Earlier, in the May semi-annual review, MSCI included Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the parent company of Nykaa, in its MSCI Global Standard Index. There were no deletions from the Global Standard Index, and the changes took place as of the close of May 30, 2025.
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Business Standard
16-06-2025
- Business
- Business Standard
Stock Market LIVE Updates: Sensex rises 600pts; Nifty above 24,900; Nifty IT up 1%; SMIDs rise
Sensex Today | Stock Market LIVE on Monday, June 16, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index declined up to 1.5 per cent 11:41 AM Stock Market LIVE Updates: Crypto market update: Here's how Bitcoin, Ethereum, others are faring today Stock Market LIVE Updates: The crypto markets were showing signs of recovery after a recent correction attributed to ongoing geopolitical uncertainties. Bitcoin (BTC), the flagship digital asset, held firmly above the $106,400 level after briefly dipping to $103,200. Market analysts noted that investor confidence remains favourable, driven by consistent institutional inflows through Exchange Traded Funds (ETFs). As of 10:45 AM on Monday, June 16, 2025, Bitcoin was trading at around $106,429.95, up 0.81 per cent. Over the past 24 hours, BTC moved within a range of $104,519.88 to $106,477.76, with a trading volume of $40.14 billion. Its market capitalisation stood at $2.11 trillion, retaining its position as the world's largest cryptocurrency by market value, according to CoinMarketCap. 11:25 AM Stock Market LIVE Updates: MSCI rejig: Swiggy, Mazagon Dock among 4 entrants; $850 mn inflows likely Stock Market LIVE Updates: Swiggy Ltd., Mazagaon Dock Shipbuilders Ltd., Hitachi Energy India Ltd. and Waaree Energies Ltd. are the four stocks that could be added to the MSCI Indexes in the upcoming review this August, according to JM Financial. The MSCI India Standard Index rebalancing will be announced on August 7 after market hours, the brokerage said in a note. The August 2025 rejig may include up to four additions, drawing estimated inflows of $850 million, it added. The changes will take effect from August 27. Swiggy is the only 'high' probable stock that could enter the global index aggregator's MSCI India Standard Index. The counter of the food delivery giant has recently come under focus as Rapido is gearing up to enter the food delivery space. Rapido is expected to charge a commission rate of 8-15 per cent from restaurant partners, which is significantly lower than Zomato and Swiggy's 21–22 per cent blended rates. READ MORE 11:07 AM Stock Market LIVE Updates: Vi survival in doubt as govt rules out equity swap, plans payment relief Stock Market LIVE Updates: The government is preparing a relief package for Vodafone Idea (Vi) but is facing concerns over the company's ability to stay afloat unless its pending spectrum usage charges are waived, according to a report by The Economic Times. There are no plans to convert any more of these dues into equity, as this would raise the government's stake in Vi beyond the current 49 per cent, the report said. One idea is to let Vi clear its adjusted-gross-revenue (AGR) arrears over 20 years instead of the six-year window fixed after the Supreme Court ruling. 'Extending the tenure of AGR payments from the scheduled six annual instalments of ₹18,064 crore to over 20. Despite this, the long-erm sustainability of the company remains in doubt,' an official said, as quoted by the report. READ MORE 10:33 AM Stock Market LIVE Updates: Benchmarks at day's high, SMIDs recover Stock Market LIVE Updates: Equity markets are volatile today witht the BSE Sensex and the NSE Nifty50 swinging between gains at losses, At 10:30 AM, BSE Sensex was at 81,42, up 333 points or 0.41 per cent. The Nifty50, on the other hand, was at 24,851, up 133 points or 0.54 per cent. This was the highest level for both the indices, so far, in the trade. In the broader markets, the Nifty MidCap, and SmallCap indices were trading up to 0.23 per cent lower after falling over 1 per cent earlier today.
