Jio Financial drops 5% for second straight day, delaying index removal
Tuesday, 22 August 2023
Jio Financial Services (JFS) has seen a 5% decline in its shares for two consecutive days, triggering a delay in its removal from India's benchmark indexes. Index-linked funds may experience distorted weightages if fund managers are unable to sell their JFS holdings, which could be further complicated by the continuous slide in stock prices.
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