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Updated: 9 hours 11 min ago
MSCI February Rejig: Hyundai India joins Global Standard Index; IndusInd Bank, PB Fintech and others see weight increase
Global index provider MSCI Inc. announced its February 2025 index review on Wednesday, with changes set to take effect after market close on February 28.Hyundai Motor India has been added to the MSCI Global Standard Index and is expected to receive an inflow of $257 million, making it the only Indian large-cap stock included in this review, according to CNBC-TV18. The company, which went public in November last year, also recorded the highest weight increase among Indian securities. Meanwhile, Adani Green Energy has been removed from the index.Among the biggest weight increases in the MSCI Global Standard Index, IndusInd Bank, Varun Beverages, Torrent Pharmaceuticals, Mankind Pharma, Dixon Technologies, PB Fintech, Adani Enterprises, and Voltas saw gains.Conversely, Adani Green Energy, HDFC Bank, Reliance Industries, ICICI Bank, and Infosys witnessed the largest weight reductions.In the MSCI India Smallcap Index, 19 stocks will be added, including CarTrade Tech, expected to receive $12 million in inflows, while Jyoti CNC Automation and Ola Electric Mobility are set to attract $11 million each. Other key additions include TBO Tek, Afcons Infrastructure, Websol Energy Systems, Zaggle Prepaid Ocean Services, Shaily Engineering, Kovai Medical Center & Hospital, Akums Drugs and Pharma, and Greaves Cotton.On the other hand, Bharat Bijlee, Bajaj Hindustan Sugar, Sula Vineyards, DCB Bank, Jamna Auto Industries, VST Industries, and DB Corp are among the top exclusions from the MSCI Smallcap Index in the February 2025 rejig.Additionally, 360 One Wam, Equinox India, Prudent Corporate, Go Digit, PG Electroplast, ZF Commercial Vehicle, and Ami Organics saw an increase in their index weight. Meanwhile, Manappuram Finance, Reliance Infrastructure, Sanofi Consumer Health, EPL, and Nazara Technologies saw their weights reduced.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Categories: Business News
Stocks to buy: Vodafone Idea, IRCTC and HAL on investors' radar
Benchmark indices tanked more than 1% on Tuesday amid unabated foreign fund outflows and fresh US tariffs that reignited trade war fears.Stocks that were in focus include names like Vodafone Idea, which fell 4% and IRCTC, which declined 3% and HAL, whose shares fell 3.6% on Tuesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.Vodafone IdeaThe stock is trading above its trendline support of 8.22 and trading in a positive up-trend. With technical structure being positive and stock being well above its support, we advise a strict stoploss at 8.00 for all existing longs and overhead upside targets of 10 and 10 to come on in the stock as the uptrend resumes its phase.IRCTCThe stock has touched its major support mark of 735 and showing signs of reversal. We advise traders to maintain a strict SL at 735 and book profits near 820-840 odd levels in the stock. Technical structure as of present situations look positive and stock can head higher from here on.HALThe stock is trading above its major support of 3360 and showing good signs of strength. With the stock being in its oversold conditions we can see stock going towards 4000 odd levels once before dropping down further. However investors should remain cautious here, traders can maintain a strict SL at 3575 and hold on to their trading positions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News
This V-week, it's not just a table for two
The hospitality industry is going all out this 'Valentine's week'. From curating wine-tasting sessions for friends on Galentine's Day to self-care spa therapies on February 14, hotels are rolling out events, offers and promotions all through this week to woo guests. Rates are higher than last year, and so is the demand.Hotels such as Oberoi Udaivilas are sold out for Valentine's Day. A room at Leela Palace Udaipur will cost around ₹63,000 while stay at Raffles Jaipur will cost ₹88,500 on February 14. Tariff at the JW Marriott Goa is pegged at ₹29,000, as per Booking.com. The Westin Resort & Spa Himalayas is charging ₹36,580."At Taj Mahal, New Delhi, the offers are for three days across our restaurants and outdoor locations. At Captain's Cellar, we have curated experiences for guests going beyond the traditional celebration of two," said hotel manager Vedagiri Rajaram. "Guests can celebrate the upcoming weekend with sommelier-led wine-tasting evenings for a group of friends or family." Taj Palace in New Delhi is sold out for February 14. Travel Searches A 'dining under the stars' experience at the property could set you back about ₹75,000 plus taxes. Davinder Juj, general manager at Eros Hotel, Nehru Place in New Delhi, said demand is high all through the week from February 14 to 17 and therefore, rates have gone up by 25%. The hotel has organised cocktail and food pairings for guests. A room booking at the property on February 14 will cost around ₹29,000.Gaurav Soneja, cluster general manager for ITC Royal Bengal and ITC Sonar, said the chain's Storii by ITC Hotels, Devasom Resort & Spa property in Kolkata offers an 'ideal setting' for self-care or a memorable gift for loved ones. Guests can also opt for a candlelight dinner on a private balcony with the chef's choice menu at the property. At Sangam Farms in Bhilwara, guests can choose from curated experiences like fish feeding, the hydroponic ranch experience, and the fabled farmstead besides Ekanta yoga for 60 minutes.Travel is also big this Valentine's Day with Airbnb seeing a 185% increase in searches by solo Indian travellers for the weekend. Airbnb said Dubai has emerged as the most searched destination with a 220% year-on-year surge in searches for the Valentine's Day weekend followed by cities such as Mumbai, New Delhi, Goa and Bangkok.Ridhima Gandhi Puri, director of sales at Taj Usha Kiran Palace, Gwalior, said the property is seeing a 'remarkable' surge in bookings and inquiries this Valentine's season with more guests looking to celebrate love in 'all its forms'."The Mangal Snaan experience - a royal ritual meant for royalty in olden times has been recreated especially for guests," she said. "This experience also consists of a musician performing live behind the spa's stone filigree wall."Guests at ITC Maratha Mumbai can go for Avartana's specially curated set menu on February 14-15 and there is also a Sunday brunch planned for February 16. Couples staying at The Leela Palaces, Hotels and Resorts on February 14-16 can opt for floral arrangement workshops besides inclusions such as in-room breakfasts and romantic welcome amenities.
Categories: Business News
India fastest growing in beauty ecomm
Categories: Business News