Latest news with #MSCIIndiaStandardIndex
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Business Standard
6 days ago
- 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
6 days ago
- 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.
Hans India
14-06-2025
- Business
- Hans India
Swiggy, Mazagon Dock among top picks for MSCI India Index in August 2025 rebalancing
Global index provider MSCI is likely to include Swiggy, Mazagon Dock Shipbuilders, and two other stocks in its India Standard Index during the upcoming August 2025 rebalancing. The final announcement is scheduled for August 7, post-market hours, with changes taking effect on August 27. According to JM Financial, Swiggy has the highest probability of inclusion, potentially receiving $385 million in passive inflows, with over 93 million shares being added. Mazagon Dock could see $187 million, Hitachi Energy India $165 million, and Waaree Energies $132 million, though the latter has a lower chance of inclusion. This move follows MSCI's last rebalancing on May 14, which included Coromandel International and FSN E-commerce Ventures (Nykaa). The MSCI India Standard Index tracks large- and mid-cap stocks, representing about 85% of the investable Indian equity market. Stock performance has surged ahead of the expected inclusion. Swiggy shares are up 14%, Mazagon Dock by 6%, Hitachi Energy by 11%, and Waaree Energies by 5% in the past month. The projected additions are expected to draw total inflows of around $850 million, making this rebalancing a significant event for passive investment strategies targeting Indian equities.
Mint
14-06-2025
- Business
- Mint
MSCI rejig: Swiggy, Mazagon Dock, two others among likely additions to India Standard Index in August rebalancing
Swiggy, Mazagon Dock Shipbuilders, and two other stocks are expected to be added to the MSCI India Standard Index as part of the upcoming rebalancing scheduled for August 2025. Global index provider MSCI is set to announce the changes on August 7, after market hours. The last MSCI rebalancing was conducted on May 14, wherein the Coromandel International and FSN E-commerce Ventures, the parent company of the fashion and beauty e-tailer Nykaa, were included in the MSCI India Index, which is part of the MSCI Global Standard Index. The MSCI India Standard Index captures the performance of the large- and mid-cap segments of the Indian equity market, covering approximately 85% of the investable universe. According to JM Financial, the August rebalancing could see as many as four inclusions, potentially drawing an estimated $850 million in passive inflows. The changes will come into effect on August 27, 2025. JM Financial's analysis indicates that Swiggy shares have a high probability of inclusion in the index, while Mazagon Dock Shipbuilders and Hitachi Energy India are assigned medium probability. Waaree Energies shares have a low likelihood of inclusion. If included in MSCI India Standard Index, Swiggy is expected to receive estimated inflows of $385 million, with 93.8 million shares being added to the index. Mazagon Dock Shipbuilders shares could see inflows of approximately $187 million, followed by Hitachi Energy India at $165 million. Waaree Energies may see estimated inflows of $132 million. Ahead of the expected index rejig, these stocks have seen notable gains over the past month. Swiggy share price has surged over 14%, while Mazagon Dock share price has advanced 6%. Hitachi Energy India shares have delivered 11% returns, and Waaree Energies shares have gained around 5% during the same period. 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.
News18
14-06-2025
- Business
- News18
MSCI India Index August Rejig: Swiggy, Mazagon Dock, Waaree Energies May Include
As per JM Financial, Swiggy, Mazagaon Dock Shipbuilders, Hitachi Energy India, Waaree Energies have a high probability to include in the MSCI India Standard Index. Of which, Swiggy has a high probability, followed by Mazagaon Dock Shipbuilders and Hitachi Energy India. JM Financial in its report says that Warree Energies has a low probability to include in August MSCI Rejig. The MSCI India Index is a stock market index designed by MSCI Inc. (Morgan Stanley Capital International). It represents the performance of the large and mid-cap segments of the Indian equity market, covering about 85% of the Indian stock market's total market capitalization. When a stock is added, global funds tracking the MSCI India Index often buy into it, causing price and volume spikes. Expected Inflows by Stock Swiggy Ltd (SWIGGY): With a high probability of inclusion, Swiggy is expected to see an inflow of approximately 385 million US dollars, with around 93.8 million shares impacted. The stock could see a 12.7% price change in the one month. Mazagaon Dock Shipbuilders Ltd (MAZDOCKS): This stock carries a medium probability of being included, and may attract an estimated 187 million US dollars in flows, affecting about 4.8 million shares. Its 1-month price change stands at 14.4%.
