Fri, Oct 18, 2024 12:29 PM
Stocks that may get included in MSCI India Standard Index
A Flip by Shubhangi Gupta
Manappuram Finance shares tumbled 18% to an intra-day low of Rs 145.42 after the Reserve Bank of India cracked the whip on the subsidiary, Asirvad Microfinance. Shares of Manappuram Finance have fallen over 16% in the past five trading sessions. It has erased 26% of investors’ wealth in the past one month and 18% in the last six months.
Open Flip
The top four Indian IT services giants have resumed hiring, with second quarter (Q2FY25) results and management commentary pointing to expected demand in the upcoming quarters, which is set to drive further need for both lateral and fresher roles. Except for HCLTech, the top players -Tata Consultancy Services (TCS), Infosys, and Wipro- have posted positive headcount growth in Q2.
Open Flip
Japan's Nikkei share average ended higher on Friday, tracking the Dow's overnight gains, but pared a large chunk of its early gains as investors booked profits. The Nikkei added 0.18% to close at 38,981.75, after rising as much as 0.7% earlier in the session. The index ended the week 1.75% lower. The broader Topix ended 0.04% higher at 2,688.98, but posted a 0.68% weekly loss.
Open Flip
