Eternal Shares Decline After FTSE, MSCI Announce Weightage Reductions

NSE, BSE Top gainers & losers today May 26: Sensex trades at 82,000 level, Bajaj Auto, Hero Motocorp, M&M, Tata Motors lead gainers, Eternal shares slump, Suzlon, BEML, Paytm, JK Cement shares in action

Equity indices rise on India's economic growth prospects, market optimism; key stocks gain, while others face challenges.

Eternal Shares Decline After FTSE, MSCI Announce Weightage Reductions

Share price of Zomato parent Eternal Ltd. fell 4% on Monday after FTSE and MSCI both announced weight changes. The weight reduction in both indices was announced owing to the reduction in the Foreign Ownership Limit from 100% to 49.5%.Foreign outflows of $840 million are expected this week on account of the readjustment of weightage in both FTSE and MSCI. The FTSE reduction is expected to cause an outflow of $380 million by or on May 27, whereas…

Eternal shares in focus after FTSE, MSCI cut stock weight; $840 million in passive outflows likely - GAGA INDIA

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