MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
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Source: Investing.com
MSCI Index Changes: MSCI has added five Indian companies to its Global Standard Index, increasing India's weightage from 19.3% to 19.8%, while China's weightage decreased slightly to 26.8%. This change is expected to attract $2.5 billion in passive inflows into Indian equity markets.
Market Impact and Future Outlook: The inclusion of these stocks reflects a growing trend of investment in India, with expectations for further additions to the index as mutual funds and retail investors remain active in the market.
Analyst Views on RELI
About RELI
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. It focuses on growing by pursuing acquisition strategies and focused on wholesale and retail insurance agencies. Its business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies with an entire suite of business development tools. Its business-to-consumer platform, 5minuteinsure.com (5MI), utilizes artificial intelligence and data mining to provide online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. It has added Ethereum to its financial holdings. It focuses on identifying specific risk to reward arbitrage opportunities and developing these on a national platform, and identifying and acquiring undervalued wholesale and retail insurance agencies with operations in growing or underserved segments. It owns Solana, the native token of the Solana blockchain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
