FTSE all-world Index gets a major Indian infusion: HUDCO, Central Bank of India, Motilal Oswal, among 13 stocks added
6 months, 3 weeks ago

FTSE all-world Index gets a major Indian infusion: HUDCO, Central Bank of India, Motilal Oswal, among 13 stocks added

Live Mint  

India's stock market has received a major boost as 13 Indian companies were added to FTSE's prestigious All-World Index on August 23. The FTSE All-World Index, which aims to represent 90 per cent of the investable market capitalization across developed and emerging markets, is widely used as a benchmark for investment products such as funds and exchange-traded funds, as per the report. The Large Cap Index welcomed 14 new stocks, including prominent names like Dixon Technologies, Oil India, and PB Fintech. Many of the stocks excluded from the Large Cap index found a new home in the Mid Cap index, reflecting shifts in market capitalization and liquidity, as per the report.

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