Jio Financial drops 5% for second straight day, delaying index removal

Jio Financial Services (JFS) has seen a 5% decline in its shares for two consecutive days, triggering a delay in its removal from India’s benchmark indexes. Index-linked funds may experience distorted weightages if fund managers are unable to sell their JFS holdings, which could be further complicated by the continuous slide in stock prices.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News