IIFL expects India's weightage in the MSCI EM index to increase by 30-35 basis points (bps) on account of Russia's removal. Edelweiss expects an increase of about 15-20 bps.
Bajaj Finance was the top loser in the Sensex pack, shedding 2.59 per cent, followed by Bajaj Finserv, SBI, Tata Steel, Titan, Asian Paints and Axis Bank
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan