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PratapDarpan > Blog > Buisness > Market Insight > PSU HUDCO, Cochin Shipyard among 13 additions to FTSE All-World Index
Market Insight

PSU HUDCO, Cochin Shipyard among 13 additions to FTSE All-World Index

PratapDarpan
Last updated: 23 August 2024 21:58
PratapDarpan
10 months ago
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PSU HUDCO, Cochin Shipyard among 13 additions to FTSE All-World Index
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Global index provider FTSE on Friday announced changes to its all-world index to include 13 Indian stocks. The largest number of additions to the index came from India, followed by six stocks from Taiwan, two from Korea and Hong Kong and one from Australia.

These include Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, Housing and Urban Development (HUDCO), IRB Infrastructure Developers, KEI Industries and Lloyds. . Energy and Motilal Oswal Financial Services.

The FTSE All-World Index is a market-capitalization weighted index representing the performance of the large and mid-cap stocks of the FTSE Global Equity Index Series (GEIS). The index targets 90% coverage of the 8 regions used to construct the GEIS universe. The index covers developed and emerging markets and is suitable as a basis for investment products, such as funds, derivatives and exchange-traded funds.

The FTSE Large Cap Index included Bharat Dynamics, Dixon Technologies (India), Jindal Stainless, Linde India, Mazagon Dock Shipbuilders, Oil India, Oracle Financial Services Software, PB Fintech, Phoenix Mills, Prestige Estate Projects, 14 stocks. Corporation (RVNL), Thermax-A, Torrent Power and UNO Minda.

Adani Wilmar, One 97 Communications (Paytm), Page Industries, Tata Elksi and UPL have been excluded.

As for the FTSE Mid Cap Index, it includes Adani Wilmar, Bank of Maharashtra, Central Bank, Cochin Shipyard, Endurance Technologies, Escorts Kubota GE T&D India, Hitachi Energy India, HUDCO, IRB Infrastructure, KEI Industries, Lloyds Metals and Energy. is MOFSL, Paytm, Page Industries, Tata Elxsi and UPL.

Dixon Technologies (India) Jindal Stainless, Linde India, Mazagon Dock, Oil India, OFSS, PB Fintech, Phoenix Mills, Prestige Estate, RVNL, Thermax-A, Torrent Power and UNO Minda are excluded from this index.

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)

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