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Shares of Bharti Infratel have moved higher by 3% at Rs 431, extending their past four day’s gains on the NSE, after the company was included in the list of stocks in MSCI Global Standard Index.
“Bharti Infratel Limited (the Company) has been included in the list of stocks in MSCI Global Standard Index, an index created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets”, the company said in a statement.
The change in the index will be effective from the close of trading on May 29, 2015, it added.
The stocks which have been added to the MSCI India index are likely to witness buying from passive foreign funds which track the return of the MSCI India index.
The stock hit a record high of Rs 435 in intra-day trades today and rallied 13% in the past one week from Rs 385 on May 12, 2015. The benchmark CNX Nifty gained 3% during the same period.
Till 1044 hours, a combined 865,126 shares changed hands on the counter on the NSE and BSE.
“Bharti Infratel Limited (the Company) has been included in the list of stocks in MSCI Global Standard Index, an index created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets”, the company said in a statement.
The change in the index will be effective from the close of trading on May 29, 2015, it added.
The stocks which have been added to the MSCI India index are likely to witness buying from passive foreign funds which track the return of the MSCI India index.
The stock hit a record high of Rs 435 in intra-day trades today and rallied 13% in the past one week from Rs 385 on May 12, 2015. The benchmark CNX Nifty gained 3% during the same period.
Till 1044 hours, a combined 865,126 shares changed hands on the counter on the NSE and BSE.
