Overview

• Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies will join the FTSE Global Equity Indices' largecap category in June 2025, reflecting their growing market significance.
• ITC Hotels, following its demerger from ITC, will move from the largecap to the midcap segment in the upcoming FTSE index review.
• Eternal (formerly Zomato) is expected to see passive outflows of $840 million after its foreign ownership limit was reduced from 100% to 49.5%, impacting its index weighting.
• Q4 earnings reports highlight strong performances, with JSW Steel posting a 16% rise in consolidated net profit and Ashok Leyland reporting a 38% year-on-year profit increase.
• One97 Communications, Paytm's parent company, received relief from the Supreme Court as it stayed proceedings related to a major tax notice against its subsidiary.