The global index producer FTSE revealed modifications to its All-World Index on Friday, including 13 Indian stocks. India added the most stocks to the index, followed by six Taiwanese stocks, two stocks from Korea and Hong Kong, and one stock from Australia.Â
Bank of Maharashtra, Bharat Dynamics, Central Bank of India, HUDCO (Housing and Urban Development), IRB Infrastructure Developers, KEI Industries, Lloyds Metals and Energy, Motilal Oswal Financial Services, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, and Cochin Shipyard were among the companies included.
Market Capitalization
The large and mid cap equities in the FTSE Global Equity Index Series (GEIS) are represented by the FTSE All-World Index, a market capitalization weighted index. Ninety percent coverage of the eight regions that made up the GEIS universe is the index’s goal. The index is appropriate for use as the foundation for financial products such exchange-traded funds, funds, and derivatives.
It includes both developed and emerging economies. 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 were among the fourteen stocks that made up the FTSE Large Cap Index. Adani Wilmar, Page Industries, Tata Elxsi, One 97 Communications (Paytm).
Companies That Are Excluded
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 are among the companies that are included in the FTSE Mid Cap index.
The following companies are not included in this index: OFSS, PB Fintech, Phoenix Mills, Prestige Estates, RVNL, Thermax-A, Torrent Power, OFSS, Jindal Stainless, Linde India, Mazagon Dock, Oil India, and UNO Minda.
