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

Global FTSE index provider On Friday it announced changes to its World Index, where 13 Indian stocks The index saw the most additions from India, followed by six stocks from Taiwan, two each from Korea and Hong Kong and one from Australia.

The inclusions were 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, Lloyds Metals and Energy and Motilal Oswal Financial Services.

He FTSE All-World Index it’s 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 aims to cover 90% 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.

14 stocks were included in the FTSE Large Cap index namely Bharat Dynamics, Dixon Technologies (India), Jindal Stainless, Linde India, Mazagon Dock Shipbuilders, Oil India, Oracle Financial Services Software, PB Fintech, Phoenix Mills, Prestige Estates Projects , Rail Vikas Nigam (RVNL), Thermax-A, Torrent Power and UNO Minda.

Exclusions are Adani Wilmar, One 97 Communications (Paytm), Page Industries, Tata Elxsi and UPL. In terms of FTSE Mid Cap index, inclusions are 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, MOFSL, Paytm, Page Industries, Tata Elxsi and UPL. Exclusions from this index are Dixon Technologies (India) Jindal Stainless, Linde India, Mazagon Dock, Oil India, OFSS, PB Fintech, Phoenix Mills, Prestige Estates, RVNL, Thermax-A, Torrent Power and UNO Minda.(Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of Economic Times)

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