Live Markets »News & Advice»Economy News»Economy News Details
Economy News Details
Back

MSCI's weighting action 'incorrect': HDFC

Reuters/Mumbai 16 May 12 | 04:21 PM
 Housing Development Finance Corporation Ltd
tradenow

BSE   25 Apr 18 | 12:29 PM

1845.00  -8.35 (-0.45%)

NSE   25 Apr 18 | 12:24 PM

1844.85  -14.7 (-0.79%)

Shares in Housing Development Finance Corporation fell 3.7% after its weighting reduced in MSCI's indices.

MSCI has reduced the weighting of HDFC in its indexes to accommodate new addition and deletions, as part of its semi-annual review of the composition across all its country indices.

Related Stories

    No Related Stories Found
Widgets Magazine

However, a HDFC spokesman objects to MSCI's action.

"MSCI may be considering foreign availability (of shares) in HDFC at 74% which is incorrect. It should be 100%. We are communicating this error to Morgan Stanley," a HDFC spokesman said.

Widgets Magazine

Sensex

Company Price Gain (%)
Bharti Airtel421.853.88
M & M858.252.36
TCS3,450.001.90
Infosys1,170.051.40
Yes Bank325.950.79

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine