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  • Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?

    Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?0

    Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above

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  • Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues

    Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues0

    Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the

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