India's Canara Bank, Thermax rise on MSCI index inclusion

Indus Towers

15/05/2024 06:10

** Industrial machines maker Thermax  THMX.NS  rises 14.6%
to record high
    ** Indian lender Canara Bank  CNBK.NS  up 4.3%
    ** Stocks among 13 cos being included in MSCI Global
Standard index, which tracks emerging market stocks, effective
May 31
    ** JSW Energy  JSWE.NS , Indus Towers  INUS.NS , Mankind
Pharma  MNKI.NS , Bosch  BOSH.NS , Solar Industries  SLIN.NS ,
NHPC  NHPC.NS , Torrent Power  TOPO.NS , Jindal Stainless
 JIST.NS , Sundaram Finance  SNFN.NS , Phoenix Mills  PHOE.NS 
and PB Fintech  PBFI.NS  also included
    ** Inclusion to lead to inflows of $2 billion-$2.5 billion
in these stocks, on a cumulative basis - Nuvama
    ** PB Fintech, Indus Towers, Sundaram Finance, JSW Energy up
between 1.2% and 3.6%
    ** NHPC, Solar Industries, Bosch, Jindal Stainless down
between 0.3% and 3.1% 
    ** Berger Paints  BRGR.NS , which was removed from the MSCI
index, drops 1.9%
    ** Paytm  PAYT.NS  and Indraprastha Gas  IGAS.NS  shed about
1.6% and 1.3%, respectively, after being downgraded to small-cap
index from mid-cap index

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))