With end to MSCI overhang in sight, Airtel stock reclaims Rs 600 mark

airtel

MUMBAI: Shares of telecom operator Bharti Airtel were under pressure last year after MSCI Emerging Market Index reduced its weightage by 15 basis points in August. One basis point is one hundredeth of a percentage point.

On Thursday, MSCI said Bharti Airtel will be a part of its February 2021 quarterly index review. This means that weight of the stock may increase significantly in the index, attracting foreign investors.

MUMBAI: Shares of telecom operator Bharti Airtel were under pressure last year after MSCI Emerging Market Index reduced its weightage by 15 basis points in August. One basis point is one hundredeth of a percentage point.

On Thursday, MSCI said Bharti Airtel will be a part of its February 2021 quarterly index review. This means that weight of the stock may increase significantly in the index, attracting foreign investors.

News Source:- Livemint

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