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Suzlon Energy shares fall ahead of MSCI rejig; passive inflows likely

Suzlon Energy shares fall ahead of MSCI rejig; passive inflows likely

Suzlon Energy: The inclusion is seen bringing in $286 million in passive inflows to the stock. Nuvama said most of the price impact is priced in and Thursday will be more of volume impact day.

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The Suzlon Energy stock fell 3.54 per cent to hit a low of Rs 37.60 on BSE. Post the rebalancing in the Standard Index (Emerging Market Index), India's stock count would rise to 131. The Suzlon Energy stock fell 3.54 per cent to hit a low of Rs 37.60 on BSE. Post the rebalancing in the Standard Index (Emerging Market Index), India's stock count would rise to 131.
Amit Mudgill
  • Nov 29, 2023,
  • Updated Nov 29, 2023 12:04 PM IST

Shares of Suzlon Energy Ltd fell over 2 per cent in Wednesday's trade ahead of MSCI inclusion. The stock will be included in the MSCI Global Standard Index, along with eight other stocks. The inclusion is seen bringing in $286 million in passive inflows to the stock. But Nuvama Institutional Equities noted that most of the price impact is priced in and Thursday will be more of volume impact day.

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Post the rebalancing in the Standard Index (Emerging Market Index), India's stock count would rise to 131, and its weights is set to move close to 16.3 per cent. "India's representation in the EM index will reach an all-time high, marking a significant increase over the past three years, almost doubling its weight," Nuvama said in a note. 

The total adjustments, scheduled for tomorrow, is expected to help India attract $1.5 billion in passive flows.

 

Also read: M-cap of BSE listed companies hits $4 trillion mark for first time ever

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Shares of Suzlon Energy Ltd fell over 2 per cent in Wednesday's trade ahead of MSCI inclusion. The stock will be included in the MSCI Global Standard Index, along with eight other stocks. The inclusion is seen bringing in $286 million in passive inflows to the stock. But Nuvama Institutional Equities noted that most of the price impact is priced in and Thursday will be more of volume impact day.

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Post the rebalancing in the Standard Index (Emerging Market Index), India's stock count would rise to 131, and its weights is set to move close to 16.3 per cent. "India's representation in the EM index will reach an all-time high, marking a significant increase over the past three years, almost doubling its weight," Nuvama said in a note. 

The total adjustments, scheduled for tomorrow, is expected to help India attract $1.5 billion in passive flows.

 

Also read: M-cap of BSE listed companies hits $4 trillion mark for first time ever

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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ABOUT THE AUTHOR

Amit Mudgill

A financial journalist with over 18 years of experience in print and digital media, I cover India's capital markets, focusing on stocks, IPOs, mutual funds, corporate earnings, and market trends. Currently with Business Today, I report on equities, corporate developments, fundraising activity, and the broader investment landscape, delivering timely, data-backed insights to investors and readers.

Previously, I worked with The Economic Times and Deccan Chronicle, covering business, markets, and corporate affairs. My experience spans breaking news, analysis, and long-form features, with a strong focus on financial markets and investment-related reporting.

I am on the go 24/7:  Saying 'Good Night' to Dow Jones and 'Good Morning' to Gift Nifty comes naturally. Ask me about data and you'll hear stories. Away from markets, I enjoy stargazing, astrophotography, reading about India's neighbourhood, and playing video games.

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