1) MSCI will implement changes for foreign ownership limits in the MSCI global indexes containing Indian securities at the close of November 30, the index provider said in a statement. Limits will be raised or kept the same for most stocks, based on what Indian depositories have done and MSCI's simulated list. MSCI India's weight in MSCI EM will increase to 8.7% (weight increases for current constituents) and 8.8% (new additions) from the current level of 8.1%, and passive inflows of US$1.93bn and US$0.6bn, respectively. Kotak is one of the beneficiaries" among Indian corporates that will be eligible for higher investment by foreign portfolio investors who follow MSCI indexes, he said. 2) NTPC to consider the proposal for share buyback on November 2. The government holds 51% stake in the company. #MOMarketUpdates #MotilalOswal #MSCI #KotakMahindraBank #NTPC #indianstockmarket #Nifty #Sensex
Posted On: 27 Oct 2020 6:16 PM
