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
India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls. Full Article