HDFC Bank, HDFC Shares Down Over 5% As MSCI Update Spooks Investors
MSCI is planning to add HDFC Bank to the largecap segment of MSCI Global Standard Indexes with an adjustment factor of 0.5, instead of the expected 1 which could lead to a potential outflow of up to $200m instead of an inflow.
The share prices of HDFC and HDFC bank fell over 5 percent after MSCI update spooked investors. MSCI is planning to add HDFC Bank to the largecap segment of MSCI Global Standard Indexes with an adjustment factor of 0.5, instead of the expected 1 which could lead to a potential outflow of up to $200m instead of an inflow. Infosys Shares Fall Nearly 15%; Mcap Declines by Rs 73,060 Crore Post Earnings Announcement.
HDFC Bank Share Price
HDFC Bank down 5%#nifty #StockMarket #investing #trading pic.twitter.com/IAtjYiPI6q
— Stock Ark (@stoc_ark) May 5, 2023
HDFC twins sink as Street fears MSCI blow may trigger $200 mn outflowhttps://t.co/rNk7hrtN91
— John (@PlasteredJohn) May 5, 2023
(The above story first appeared on LatestLY on May 05, 2023 12:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
