Street signs: Passive boost for equities, NSE consolidates position & more

The grey market premium (GMP) for the maiden offerings of Home First Finance and Stove Kraft is in excess of 25 per cent, said market players

Passive boost for Indian equities

The Indian markets may see buying worth nearly Rs 900 crore by foreign funds following the rejig in popular global indices. On Friday, the global index providers removed China National Offshore Oil Corporation (CNOOC) from their global indices following an investment ban imposed by the US. Analysts say funds tracking these indices will be forced to buy Indian shares. “The MSCI has announced the deletion of CNOOC from respective MSCI indices and changes will be done on January 26. Hence, as part of immediate rebalance, India may see $120 million inflows from January 25. The flow