India closes gap with China as weight in MSCI equity index hits record high; $2 billion inflows expected
Wednesday, 15 May 2024 () India's weight in MSCI's Global Standard index has reached a record high, narrowing the gap with China, boosting prospects for inflows into equity markets. Effective May 31, China's weightage will decrease from 25.4% to 25%, while India's weight will increase from 18.2% to 19%.
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MSCI index rejig to increase India's weight to 19% by month-end, attracting $2.5 billion in foreign investments. Nuvama Research notes India's net fund inflow... IndiaTimes
Wednesday, 15 May 2024 ()
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