Close [X]
Live Markets »News & Advice»Economy News»Economy News Details
Economy News Details

MSCI's weighting action 'incorrect': HDFC

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

BSE   23 Jan 17 | 04:01 PM

1258.75  21.95 (1.77%)

NSE   23 Jan 17 | 03:59 PM

1259.75  22.45 (1.81%)

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


Company Price Gain (%)
GAIL (India)470.952.41
H D F C1,258.751.77
Tata Motors532.151.72
Tata Steel461.651.55
Hero Motocorp3,104.001.55


Should the basic I-T exemption limit be raised to Rs 5 lakh?

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine