According to a Morgan Stanley note, the latest inclusion will reduce India’s current weight of 8.9% in MSCI by less than 10 basis points.
The stock has fallen 22 per cent from its recent high of Rs 177 in May 2017.
For Maruti, Rs. 1,000 crore is a modest amount, but it will go a long way in taking it closer to potential customers, even as it aims to bring more premium products to the line-up.
Announcement of GST rates for specific categories has reduced regulatory uncertainty.
Banks, with unpaid outstanding loans, have taken over the firms' energy assets, resulting in the liability moving out of GMR's books.
The correlation between the Nifty and the Dollar Index got re-established post-October 2016.
GST EFFECT: OMCs will pay 18 per cent GST on various inputs for making products, but they can’t claim input-tax credit.
The spurt in stock prices has pushed up India’s M-cap-to-GDP ratio well above the 10-yr average.
Three years of Modi sarkar: Despite a strong bull run, Nifty has never hit double-digit earnings growth
In developed economies and emerging markets, corporate profit-to-GDP ratio has been in the range of 9-14% and 5-8%, respectively.
Stock surges 9.7% on Tuesday on strongest quarterly order flow in 5 years
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