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Vishal Mega Mart is set to join the FTSE Global Mid Cap Index on June 20, potentially attracting $115 million in inflows, according to Nuvama Alternative estimates. Following a 20% stake sale by promoters, the company is also eyeing inclusion in the MSCI Index in August, which could bring in an additional $225 million.
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News and Media
The Federal Reserve maintained interest rates. Officials anticipate two rate cuts next year. Economic uncertainty persists, though it has lessened. Growth estimates are lowered, while unemployment and inflation forecasts are raised. Seven officials now foresee no rate cuts this year. Investors await insights from Fed Chair Jerome Powell on Trump's policies and potential rate adjustments.
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News and Media
IndusInd Bank's stock witnessed a significant rise. This followed an upgrade by Nomura from 'Neutral' to 'Buy'. The upgrade comes after the bank faced accounting discrepancies. Nomura's target price suggests a substantial upside. The firm acknowledged the bank's commitment to improved governance. RBI's recognition of recovery efforts also boosted confidence.
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News and Media
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