Shares of HDFC Bank will be in focus in trade Monday (February 19) as the private sector lender is set to witness massive inflows totalling $400 million from passive funds tracking Financial Times Stock Exchange (FTSE) indices.
Here is the list of the additions:
| Additions |
|
Fertilisers and Chemicals Travancore |
| Jindal Stainless |
| Kalyan Jewellers India |
| KPIT Technologies |
| Mazagon Dock Shipbuilders |
| Metro Brands |
| New India Assurance Company |
| NLC India |
| Phoenix Mills |
| Poonawalla Fincorp |
| Prestige Estates Projects Ltd |
| Rail Vikas Nigam |
| SJVN |
| Sundaram Finance |
| Suzlon Energy |
| Thermax-A |
FTSE is a group of stock market indices created by the Financial Times and the London Stock Exchange. The FTSE All-World Index is a market-capitalisation weighted index representing the performance of the large and mid-cap stocks from the FTSE Global Equity Index Series. As of January 31, 2024, India’s weightage in the index is 2.06%, with 213 stocks.
HDFC Bank shares settled 0.21% higher at ₹1,417.05 apiece on NSE on Friday. The stock has fallen 16.55% so far this year.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
