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   23 Oct 14 | 12:00 AM

1031.80  10.45 (1.02%)

NSE   23 Oct 14 | 12:00 AM

1031.55  10.55 (1.03%)

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

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.

Sensex

Company Price Gain (%)
Bajaj Auto2,528.004.76
Hero Motocorp3,117.104.07
Cipla628.453.69
Larsen & Toubro1,559.503.17
Tata Motors516.953.04

Poll

Will markets continue to scale record highs in Samvat 2071?


Online Portfolio

You can create Online Portfolio here using the below button.