Confusion over MSCI weightage triggers volatility in Bharti Airtel
Shares of Bharti Airtel witnessed wild swings on Thursday as confusion reigned over its weightage in the widely-tracked MSCI Emerging Market index. Initially, the stock fell more than 4 per cent after a sales note, floated by brokerages, showed that the global index provider has halved Airtel’s weightage in the MSCI EM index from 3.43 per cent to 1.71 per cent during its August review. This reduction of 172 basis points (bps) in weightage would entail passive outflows between Rs 3,500 crore and …
