RBI governor Urjit Patel, in an interview with Network 18 Group Editor-in-Chief Rahul Joshi, highlighted the strength of the Indian economy and the prospects of the country post demonetisation.
The house is long emerging market equities as against developed markets, said Laurence Balanco of CLSA.
All eyes are on the Morgan Stanley Capital International (MSCI) that is due to make an important decision later today on whether or not to include China A-shares in their emerging market index.
MSCI is expected to give its decision on inclusion of Asian markets on its emerging market index. Mark Matthews of Bank Julius Baer & Co, said that it won't be including the whole of Asian markets and that China will become a significant part in the mid-term.
The big spike in US bond yields, which is at 7-year high, is a matter of concern for global markets.
Shares of the Multi Commodity Exchange of India (MCX) today fell by 5 percent, to hit its lowest trading permissible limit for the day, after index provider Morgan Stanley Capital International excluded the company from its small cap indices.
In an interview with CNBC-TV18, Adi Godrej, Chairman, Godrej Industries expects strong growth in Godrej Consumer Products in the next fiscal too. He said that the company is doing exceptionally well in the domestic front.
Keki Mistry, vice-chairman and CEO, HDFC clarifies to CNBC-TV18 that the cut in weightage is inaccurate and plans to talk to MSCI about reversing the cut.