Thursday, March 4

Tag: MSCI

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Asian equities rally, battered bond market tries to steady

SYDNEY: Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week's wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy and sent oil prices higher. China's official manufacturing PMI out over the weekend missed forecasts, but Japanese figures showed the fastest growth in two years. Investors are also counting on upbeat news from a raft of U.S. data due this week including the February payrolls report. Helping sentiment was news deliveries of the newly approved Johnson & Johnson COVID-19 vaccine should start on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.8%, after shedding 3.7% last Friday. Japan's Nikkei rallied 2.1%, while Chinese blue chips added 0.5%. N...
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China shares end higher on gains in property firms

SHANGHAI: China shares rebounded on Thursday, as strong gains in the property sector helped the market recover from sharp losses made a day earlier. At the close, the Shanghai Composite index was up 0.59 per cent at 3,585.05, while the blue-chip CSI300 index was ended 0.59 per cent higher at 5,469.56. The smaller Shenzhen index ended down 0.63 per cent and the start-up board ChiNext Composite index was weaker by 1.007 per cent. Property shares were among the top gainers after some research notes by local brokerages said the valuation of the real estate sector was at a historically low level. A gauge that tracks the sector jumped 8.17 per cent. "A notable change on the margins is that onshore household demand for equities has been stronger than our previously bullish outlook, with record...
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Asia sets up global stocks for extended bull run on economic optimism

TOKYO: Asian shares advanced on Tuesday, putting world equities on course to extend their bull run for a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets. Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.45% while Japan's Nikkei rose 0.4% to a 30-year high. In Hong Kong, the Hang Seng Index surged 1.79% to hit a 32-month high in its first trading session since Thursday following the Lunar New Year holidays. Mainland Chinese markets will remain closed for the holidays until Thursday while Wall ...
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MSCI ups weightage on Bharti Airtel, Indus Towers, HDFC Life and ICICI Lombard

Mumbai: Index provider MSCI on Tuesday raised weightage on a few stocks including , Indus Towers, and which could lead to a flow of $20 million to $700 million in these stocks. The firm, in its quarterly review, increased weightage on Bharti Airtel by 1.27 per cent to 2.6 per cent, on Indus Towers by 0.15 per cent to 0.3 per cent, on HDFC Life by 0.11 per cent to 1 per cent, and on ICICI Lombard by 0.04 per cent to 0.6 per cent. Piramal Enterprises has seen weightage rise by 0.03 per cent to 0.28 per cent. “The current MSCI announced weight changes are largely in line with our expectations and Bharti Airtel is garnering the maximum inflow. The next two flow led weight increases will be seen in HDFC Life and Indus Towers. India will receive net inflow to the tune of $300 million on reb...
Stock

Indus Tower, HDFC Life, Bharti Airtel mixed post-MSCI rejig

NEW DELHI: Index provider MSCI in its quarterly review raised the weightages of a few stocks including Bharti Airtel, Indus Tower and HDFC Life in its MSCI Standard Index. The changes would be effective from March 1. As per ET NOW, the stocks which have seen an increase in weightages included Indus Tower, Bharti Airtel, HDFC Life and ICICI Lombard. Analysts noted that the changes were much in line with expectations. There is no new addition or reduction. Bharti Airtel is seen as the biggest gainer, followed by Indus Tower, HDFC Life and ICICI Lombard. In all, these scrips are expected to see inflows to the tune of $20-540 million due to the index rejig. #MSCI announces changes in weightage of stocks in MSCI Standard Index; effective from March 1#MarketsWithETNOW https://t.co/UmLcnA6OAs...
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Asian shares near all-time peak, oil heads to $60/barrel on economic revival hopes

SYDNEY: Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2% at 717.2, not far from last week's record high of 730.6. Japan's Nikkei climbed 0.3% while Australian shares advanced 0.5% led by technology and mining shares. E-mini futures for the S&P 500 rose 0.3% in early Asian trading. Hopes of a quicker economic revival and supply curbs by producer group OPEC and its allies pushed oil to its highest level in a year as it edged near $60 a barrel. Global equity markets have scaled record highs in recent days on hopes ...
News

$2.7 trillion m-cap India now world’s 7th biggest market

Mumbai: India's stock market has moved up three spots to become the seventh-largest in the world in terms of market value. Local equities, which have added 6.9 per cent so far in 2021, taking the country’s total market capitalisation to $2.7 trillion, overtook Canada, Germany and Saudi Arabia. India is the second-best performer among the top 15 countries in 2021 and is inching towards the sixth position which is currently held by France at /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStorage.setI...
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Asian equity markets unsettled by Wall Street swoon, short seller squeeze

SYDNEY/NEW YORK: Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%, with valuations looking stretched given the index had risen more than 6% just this month. Japan's Nikkei fell 1.3%, its sharpest drop since October, and Chinese blue chips 1.5%. South Korea eased 0.9% led by losses in Samsung after it reported earnings. Even the tech darlings were not immune with Facebook down despite reporting earnings well above expectations. Apple Inc also handily beat forecasts, yet its shares lost 3% after the bell. There was a hint of resilience in Asia as U.S. stock futu...
sensex today: Sensex falls 242 points on jump in coronavirus cases; financials top drags
Markets

sensex today: Sensex falls 242 points on jump in coronavirus cases; financials top drags

Mumbai: Financials dragged the benchmark equity indices lower on Thursday as fears of rise in defaults bothered investors in light of the extended lockdown and delayed recovery in the wake of Covid-19 pandemic. A surge in coronavirus cases in the country and weak macro data also weighed heavily on investor sentiment. India's COVID-19 count crossed 52,000 on Thursday, with 3,561 coronavirus cases detected in last 24 hours. The death toll in the country increased to 1,783. India recorded 89 deaths in last 24 hours, one of the highest since the coronavirus pandemic. The domestic market tried paring losses in the morning session but failed, succumbing to the selling pressure in banking and financial stocks. Lenders contributed the most to the losses in 30-share Sensex. Top private lender HDF...