Metro Observer Daily

India’s significance in the MSCI Global Standard index, tracking emerging market stocks, has reached a new pinnacle, signaling potential for increased inflows into its equity markets. India's weight in key MSCI equity index hits another high In the latest update, India’s weight in the MSCI index has surged to 19%, inching closer to China’s 25%. This rise is expected to attract approximately $2 billion in inflows by the end of May. With 13 Indian companies set to join the Global Standard Index, India’s stock count in the MSCI index is at an all-time high of 149, showcasing the country’s growing prominence in emerging markets. Analysts predict that India’s weightage in the MSCI index could surpass 20% by the second half of 2024, driven by consistent flows from domestic and foreign institutional investors. This surge in India’s MSCI weight is attributed to the robust performance of its equities, particularly in the mid-cap segment, compared to other emerging markets like China. The ad...

JSW Energy stock gained 5 per cent to Rs 323.7 against the previous close of Rs 308.30 on BSE . Market cap of the firm rose to Rs 53,217 crore. Shares of JSW Energy hit upper circuit of 5 per cent today after the firm's arm JSW Neo Energy inked an agreement with the Chhattisgarh government for setting up a 1,000 MW capacity of hydro pumped storage project in the state. JSW Energy stock gained 5 per cent to Rs 323.7 against the previous close of Rs 308.30 on BSE . Shares of JSW Energy opened with a gain of 3.76 per cent at Rs 319.90. JSW Energy is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The large cap stock has risen 257 per cent in one year and gained 7.61 per cent since the beginning of this year Total 0.23 lakh shares of the firm changed hands amounting to a turnover of Rs 73.35 lakh on BSE . Market cap of the firm rose to Rs 53,217 crore. The stock hit a 52-week high of Rs 408.70 on October 14, 2021 and touched a 52-week low of Rs 85.10 on...