The currency is trading around $1.18, less than 4 US cents away from its weakest level since 1985 against the dollar, underscoring the challenges facing the British economy
Shares of Zomato gained 2 per cent to close at Rs 55.6
This may pave way for the stock's re-entry into FTSE All-World index
Move follows addition to the FTSE index; adjustment to take place on Friday
The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he says .
To be eligible to be part of the FTSE index, the minimum room for overseas investment has to be 20 per cent
There is a risk index trackers may have to sell HDFC, which is part of global indices currently
Global index providers MSCI and FTSE say sanctions have made Russia's stock market "un-investable" and, proposed removal of Russian listings from their indices. Will India see FPI inflows after this?
According to an analysis done by IIFL Alternative Research, 15 companies are set to migrate from FTSE All-Cap index to FTSE All-World
Bharti Airtel on Thursday said its subsidiary Airtel Africa has been inducted into the London Stock Exchange's (LSE) FTSE 100 index.
As per IIFL Alternative Research estimates, Zomato will see inflows of $65 million, Sona $23 million and Lodha $19 million
The decision comes as FTSE Russell is set to start adding Chinese debt to its benchmark global bond index, which the GPIF follows, from October
Analysts say American sanctions on Chinese companies will prompt global investors to look at India more favourably
Didi Global Inc will be added to FTSE Russell's global equity indexes on July 8 in an expedited entry following Wednesday's US stock market debut of Chinese ride-hailing company, index publisher said
China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances
Several MF houses bought shares of peer UTI Asset Management Company during the March quarter
The emergence of the Shanghai stock market has been an outcome of conscious policy measures that have been overlooked in the stereotypical stories
FTSE Russell's semi-annual country classification review said market accessibility level of Indian and Saudi bonds will be considered for reclassification to 1 from 0
The FTSE announcement is an acknowledgment of India's efforts to liberalize its sovereign bond market
The US grade would drop by two notches, and as much as three levels for Germany, India and the Netherlands.