Friday 14 August 2015

Glenmark, Indiabulls Housing rally on MSCI inclusion

Glenmark has soared over 8 percent, while Indiabulls has jumped over 3 percent in early deals.


glenmark pharma
Shares of Glenmark and Indiabulls Housing Finance are trading on a gung-ho note on been included in select MSCI indices.

According to media reports, Glenmark Pharmaceuticals will be added to the MSCI Emerging Markets Index and Indiabulls Housing Finance will be included in the MSCI ACWI Value Index.

Glenmark so far has touched a high of Rs. 1,164, and is now up over 8.5 percent at Rs. 1,149. The counter has seen trades of around 28,000 shares so far on the BSE.

Indiabulls Housing Finance has touched a high of Rs. 788, and is now up 3.5 percent at Rs. 783. Around 20,000 shares have changed hands at the counter in early trade so far.

Meanwhile, the Sensex has advanced 134 points to 27,684.

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