Suzlon Energy, RVNL, Mazagon Dock among 8 Indian firms set to become part of FTSE All-World Index
The Phoenix Mills, Thermax, Jindal Stainless, KPIT Tech and Prestige Estate are also set to be included to the FTSE All-World Index. The announcement regarding the same is scheduled to be made on February 16 and the changes will come into effect on March 15.
In what could have been a matter of pride for Indian business community, the stocks of eight of the prominent companies from the country are set to be included to the FTSE All-World Index in March.
RVNL, Suzlon Energy, Jindal Stainless, and Mazagon Dock are among the eight companies that are set to become the part of of the globally renowned index from England.
The announcement is scheduled to be made on February 16 and the changes will come into effect on March 15.
The change will happen in the semi-annual review to be held in March.
After the inclusion of these companies into the index, Rs 2650 crore inflow is expected in the Indian market.
Indian firms set to be included into FTSE All-World Index
The Phoenix Mills
Thermax
Suzlon Energy
Jindal Stainless
KPIT Tech
Prestige Estate
Mazagon Dock
RVNL
Stock performance of firms set to become part of FTSE All-World Index
The Phoenix Mills
The stock of the company closed the trading session on Tuesday higher by 2.58 per cent, or Rs 65.20, at Rs 2594.90.
Thermax
The Thermax stock ended the day down by 0.31 per cent, or Rs 9.90, at Rs 3187.00.
Suzlon Energy
Suzlon Energy hit a 52-week high of Rs 44.00. The stock closed the trading session up by 1.62 per cent, or Rs 0.69 at Rs 43.35.
Jindal Stainless
The stock of the steel company hit an all-time high of Rs 620.40. It closed the day up by 2.11 per cent, or Rs 12.80, at Rs 619.85.
KPIT Tech
The stock ended its trading session on Tuesday higher by 0.90 per cent, or Rs 13.60, at Rs 1519.20.
Prestige Estate
The shares of the firm closed the trading session higher by 1.13 per cent, or Rs 15.05, at Rs 1345.00 apiece.
Mazagon Dock
The stock of the shipbuilding company also ended higher by 0.47 per cent, or Rs 10.50, at Rs 2230.00.
RVNL
The stock of the Railways company ended up by 1.90 per cent, or Rs 3.45, at Rs 185.50.
What is FTSE World Index?
The FTSE World Index is a market-capitalisation weighted index that represents the performance of large and mid cap stocks from the developed and advanced emerging segments of the FTSE
Global Equity Index Series.
It was started in 1986 as the FT-Actuaries World Index.
The FTSE All-World Index was launched in the year 2000.
The All-World series is sub-divided into 3 segments:
Developed
Advanced Emerging
Emerging Markets
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