Changes in MSCI Index
MSCI Emerging Markets Asia Index has announced changes in its constituents to take effect from 30 Nov, 2007.
Added: Cairn India, DLF, GMR Infra, HCL Tech, NTPC, RNRL, Sterlite, United Spirits
Excluded: Ashok Leyland, Asian Paints, Bharat Forge, Glaxo, HPCL, Nestle, Videocon Ind
This increases India weightage in MSCI Asia Index by 5 basis points to 7.16% as DLF and STER are included in Asia Index. Business Line quotes that the number of funds tracking (i.e. buying/selling stocks) in this index is to the tune of $3 trillion. Although China/Brazil stocks also included have risen by a higher proportion thereby reducing the impact of Indian stocks, as has always happened, the stocks added to the index are likely to witness more buying interest.
In particular, I like Cairn, DLF, GMR and STER.
Paresh
Last edited by pkapadia; 7th November 2007 at 05:36 PM.
Reason: grammar
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