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   04 Aug 15 | 12:00 AM

1302.05  -19.75 (-1.49%)

NSE   04 Aug 15 | 12:00 AM

1302.45  -21.9 (-1.65%)

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 (%)
Tata Steel256.403.39
Hindalco Inds.109.303.36
Coal India442.852.82
St Bk of India288.202.54
M & M1,362.852.18

Poll

Will RBI cut key policy rate on Tuesday?


Online Portfolio

You can create Online Portfolio here using the below button.