Sensex and Nifty closed in the red, snapping their 8-day rally.
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Sensex, Nifty saw a volatile trading session today but managed to close with gains, taking their rally to the eight day. S&P BSE Sensex closed at 43,593 points while Nifty closed just below 12,750. Among the leaders on Sensex were Tata Steel, zooming 7.8%, followed by Axis Bank, Bajaj Finserv, and ITC. Among the drags were Reliance Industries that fell over 4% on Wednesday after MSCI decided to trim RIL’s weightage on its global indices. IndusInd Bank shares fell 5.2%. Broader markets were in-line with benchmarks if not higher at the end of the day’s trade.
Morgan Stanley Capital International (MSCI) has added 12 securities to the MSCI India Index in its semi-annual index review. The index major, after having announced last month that it will be making changes to its India index, released the list that saw the addition of names like ACC, Adani Green Energy, Kotak Mahindra Bank, L&T Infotech, Yes Bank, among others. Two stocks were deleted by MSCI from its India index, these included Bosch and LIC Housing Finance. The changes in the MSCI indices helped markets surge in the previous month when investors pounced on to buy the stocks that were expected to be added to the MSCI indices. The changes will be effective from closing on November 30.