July 18, 2025 01:52 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'We would caution against any double standards': India on NATO's warning over Russia trade sanctions | Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse | Can't win today's warfare with outdated weapons: CDS General Anil Chauhan seeks upgradation of India's defence system | Shubhanshu Shukla returns to Earth after his 18-day mission to space
MSCI Index
Image Credit: File image by BSE India via Wikimedia Commons

India's weight on MSCI Global Standard index rises to record high

| @indiablooms | Aug 13, 2024, at 08:19 pm

Mumbai/IBNS: India's weight on the MSCI Global Standard index has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets, reports Reuters.

MSCI Global Standard Index captures large and mid-cap representation across 23 Developed Markets (DM) countries, and with 1,429 constituents, the index covers approximately 85 percent of the free float-adjusted market capitalization in each country.

According to reports, with this development, India has further narrowed the gap with China on the key MSCI index.

While China's weightage on the index will fall to 24.2 percent from 24.8 percent, India's weight will rise to 19.8 percent from 19.2 percent, Reuters reported, quoting Nuvama Alternative and Quantitative Research's head Abhilash Pagaria.

As per reports, the changes in the index weights will come into effect after markets close on August 30, while India's weight could likely rise above 20 percent at the end of November.

Reuters reported citing Navuma Alternative and Quantitative Research that this will lead to about $2.7 billion-$3 billion inflows into India.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu