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#570 Daily Money Show | Stock Market News
Original: # 570 Daily Money Show | Money Purse Stock Market News
Takeaway
MSCI exclusion will trigger ~$350M of Adani-stock outflows; ITC hotel demerger and Infotech IPO are back on the table.
Summary
- Sensex +122 to 62,969; Nifty +35 to 18,633; Bank Nifty +0.88%
- MSCI Global Standard Index May review: Adani Transmission, Adani Total Gas excluded
- Nuvama estimates $189M outflow from Adani Transmission and $167M from Adani Total Gas
- ITC chairman signals possible revival of hotel business demerger and ITC Infotech IPO
msciadaniitc-demerger
Original description
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