|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
Morgan Stanley raises weightage of energy stocks in its India model portfolio to 3 percent, while cutting 1 percent each from consumer staples and discretionary stocks.
"Energy appears to be on a path of structural change whereas consumer staples face cyclical headwinds from fiscal consolidation," says Morgan Stanley in a report.
The bank also adds Bank of Baroda, Crompton Greaves and Oil and Natural Gas Corp to its focus list, while removing ACC Ltd, Jubiliant Foodworks and Cox & Kings, reflecting changes in its analyst opinion.
In its mid-cap list, Morgan Stanley replaces Marico Ltd with Dabur India.