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Bloomberg Quint

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Nykaa, Eternal Stocks Witness Large Trades Ahead Of MSCI Rebalancing

  • Nykaa parent FSN E-Commerce Ventures Ltd. and Eternal Ltd. witnessed high trading activity ahead of MSCI rebalancing.
  • MSCI's May rebalancing event involves adjustments to various indices, including Nykaa being added to the MSCI Global Standard Index.
  • The MSCI India Domestic Index saw additions of Coromandel and GMR Airports Ltd., while exclusion of Sona BLW Precision Forgings Ltd. occurred.
  • The reduction of Zomato's weightage in MSCI indices is expected to trigger an outflow of $460 million by or on May 30.

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