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FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index

Mar 05, 2015    

MUMBAI (Reuters) - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index.FTSE's changes, which came after a semi-annual review of indices, may lead to net inflows of nearly $150 million in Indian shares and may help soothe worries about huge India overweight positions after a potential rise in the country's weighting by peer MSCI, traders said.The government's budgetary proposal to make no distinction between foreign direct investment and foreign por...

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