⁍ Indian shares reversed course to trade higher on Tuesday on hopes of higher inflows.
⁍ MSCI said it will make changes to its global indexes following revisions in the country’s foreign ownership limits.
– Asian markets were mixed on Tuesday as investors worried about the spread of the H1N1 virus, which has now infected more than 200 people in the US. Japan’s Nikkei fell 1.1%, South Korea’s Kospi dropped 0.8%, and Australia’s S&P/ASX 200 was down 0.8%, reports the Wall Street Journal. Markets in India, meanwhile, were mixed as investors awaited a decision from index-maker MSCI on changes to its global indexes in November, Reuters reports. “Because of the FOL rule change the free float of Indian stocks will go up, so investors are expecting this would help the weightage of Indian stocks in the MSCI indexes,” said Samrat Dasgupta, chief executive of Esquire Capital Investment Advisors.
Source: https://www.reuters.com/article/india-stocks/sensex-nifty-gain-on-hopes-of-higher-inflows-kotak-jumps-idUSKBN27C0FA