Close [X]
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   09 Dec 16 | 04:01 PM

1267.10  -20.05 (-1.56%)

NSE   09 Dec 16 | 03:54 PM

1268.25  -21.6 (-1.67%)

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 (%)
St Bk of India266.002.41
ICICI Bank268.352.35
O N G C306.901.61
Axis Bank456.301.51
ITC235.801.20

Poll

Will the Nifty reclaim 8,500 levels by the year-end?


Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine