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#Eternal shares brace for passive outflows worth nearly $900 million this week @hormaz_fatakia @VivekIyer72 https://t.co/hFJpKP6gsi
#MarketsWithBS | Shares of #Eternal fall over 4% on reports of passive outflows following index weightage cuts by global index providers FTSE Russell and MSCI #Stocks #markets #stockmarketindia #stockmarketnews #sharemarket #indianstockmarket https://t.co/Rf2tJUUqSG
#MarketsWithMC | Eternal shares sink 3% as FTSE, MSCI trim weightage, may see $840 million of passive outflows More details here👇 https://t.co/BPIFsrc6Pw #StockMarket #Stocks
Shares of Eternal fell sharply in early trading, declining over 4% following announcements of reduced weightage by global index providers FTSE Russell and MSCI. These adjustments have triggered expectations of passive outflows estimated at nearly $900 million this week. The reduction in index weightage and consequent foreign investor pullback are attributed to the recent US tax bill, which has unsettled bond markets and clouded foreign inflows into India. The combined effect of these factors has contributed to the downward pressure on Eternal's stock price.
