Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Brokerages see outflows from Maruti after MSCI exclusion
Reuters Market Eye - Deutsche Bank and Citi expect $31.8 and $45.1 million in outflows from Maruti Suzuki(MRTI.NS) after MSCI announced it was dropping Maruti from its MSCI Global Standard Indices.
Maruti Suzuki India Ltd(MRTI.NS) has been deleted from the MSCI India index, index provider MSCI said in a statement on Wednesday, from close of trade on February 28.
Deutsche Bank and Citi said NTPC could see net inflows of $92.10 and $131 million after its weight was increased from 0.63 percent to 1.79 percent on MSCI India index as the company's free-float stock increases after its offer for sale.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this