Vishal Mega Mart, Hyundai Motor, Waaree Energies and Swiggy slated to join FTSE Russell global equity indices on June 20, along with five other stocks.
On October 9, the RBI has maintained the status quo on the policy rate and changed the policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation’ during the announcement of October monetary policy.
Indian bonds will be included in the $4.7 trillion-valued FTSE's EM Global Index after being on the watch list for the last three years.
FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index, with a market value of $29 trillion.
FTSE Russell’s conversations with the Securities & Exchange Board of India are regarding account opening processes for international investors.
Currently, two bond index providers have added Indian bonds in global bond index, with JP Morgan’s inclusion having got completed last month and Bloomberg’s index inclusion slated to happen in 2025.
FTSE Russell said it has reversed the decision to drop JFS from its indices from August 22, as reported earlier in the day.
The date of listing of the demerged entity is yet to be announced.
FTSE Russell said it has considered client feedback on the potential impact on the company’s foreign headroom if the shares in issue and free-float update are implemented on a one-off basis