Corporate News
HDFC gains after MSCI reverses weight reduction decision
The stock of Housing Development Finance Corporation (HDFC) advanced 4.4 per cent to Rs 662.55 on Thursday after MSCI said it had reversed its decision to cut the weightage of the mortgage lender by half.
On May 15, MSCI, a provider of indices, had said it would reduce HDFC’s weightage in the MSCI Index from 6.2 per cent to 3.2 per cent. The move was triggered by a decrease in number of shares
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