Key Points
As a result, no fresh inflows or outflows is likely with respect to FTSE and MSCI.Selling pressure for Jio Financial shares may continue..
Even as the recent debutant Jio Financial Services will eventually see its exit from domestic benchmarks Nifty 50 and Sensex, the stock will remain among the elite group of MSCI and FTSE indices...
FTSE Russell added Jio Financial back to the All-World cap index and a few others, while MSCI Inc will add the stock to its Global Standard and Largecap indices after market trading hours on Wednesday...
Back home, for two consecutive sessions, Jio Financial shares have hit the lower circuit of 5% due to selling by passive index funds, tracking the Sensex and Nifty 50...
As part of this revised rule, Jio Financial was added to Nifty 50 and Sensex temporarily to let passive and active index funds adjust their portfolio for the demerger scheme...
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FTSE withdraws decision to remove Jio Financial from global indices
18, Aug, 23On Thursday, the global index aggregator said Jio Financial will be deleted from all indices with effect from August 22, since it did not commence trading after 20 business days of being added to the index at zero value
Jio Financial to be part of Global Standard Index from August 23: MSCI
18, Aug, 23The decision comes in the wake of BSE and the NSE announcing that Jio Fin shares will begin trading on Monday
NSE to conduct special pre-open session in RIL on July 20 as Jio Financial gets temporary Nifty 50 ticket
17, Jul, 23Jio Financial Services will remain part of the Nifty 50 and other indices at a constant price till such time it officially gets listed on the exchanges. Once the date for listing of shares is announced, the dummy symbol created will be replaced with an actual symbol, and JFS will form part of the index for a “temporary” period. Jio Financial will be removed from all the indices after the close of trading on the 3rd day of listing at the market determined price.
Jio Financial to begin trading on Monday; how long will it be part of Nifty and Sensex?
18, Aug, 23Stock exchanges conducted a special pre-open session in shares of RIL to derive the price of Jio Financial. The derived price of Jio Financial came to be Rs 261.85 per share and the stock remained a part of the indices at this constant value.
Motilal Oswal MF buys stake in Jio Financial for Rs 754 crore in bulk deal
25, Aug, 23The domestic fund house has bought 3.72 crore shares in Jio Financial Services. After hitting multiple lower circuits in the previous sessions, Jio Financial shares jumped nearly 4% earlier on Friday. In about five sessions, including Fridays low, the stock had lost about 23%, due to continued selling by passive funds
Jio Financial breaks the bear 'chakravyuh'; stock jumps 4%
25, Aug, 23The stock was originally set to exit the key indices of BSE and NSE, including the Sensex and Nifty 50 on Thursday. However, exchanges had deferred the removal of the stock from the index since it was locked in the lower circuit for the last two consecutive days
Why Jio Financial Services shares are hitting lower circuit everyday; Deepak Shenoy explains
24, Aug, 23Jio Financial Services shares have plunged for the fourth consecutive session Thursday on persistent selling from institutions who have to exit from the stock before it is removed from the indices.
India’s growing heft in MSCI EM index: what it means for the market
16, Nov, 23India’s weightage is tipped to rise to 16.3% from the current 15.88% with nine fresh stock inclusions in the gauge
Indian stocks gather steam with eyes now on Assembly polls outcome
29, Nov, 23New Delhi [India], November 29 (ANI): Indian stock indices gathered steam on Wednesday supported by a substantial jump in all sectoral indices, after remaining relatively steady during the preceding sessions. Sensex and Nifty closed 727 points and 207 points and over 1 per cent higher each from Tuesday’s closing. Nifty Bank, Nifty Auto, Nifty Financial […]