Eternal share price falls 4% after FTSE, MSCI weight reduction; $840 million worth passive outflows likely
Eternal share price declined 4% in early trade on Monday amid expectations of substantial passive outflows following index weightage cuts by global index providers FTSE Russell and MSCI. Eternal shares dropped as much as 4% to ₹227.95 apiece on the BSE. According to estimates by IIFL Capital Services, Eternal, earlier known as Zomato, could witness…