On July 3, Beijing time, the Indian stock market reached a record high.Among them, the Sensex 30 index rose to 80074.30 points, and it exceeded the 80,000 -point mark for the first timeKanpur Stock. As of the closing, it was at 79885.31 points, up 0.56%.
Earlier, as of the last trading day of 2023, the Indian stock market harvested for the eighth consecutive year, which has set the longest consecutive years.
Among the ingredients stocks, bank stocks led their gains, Axis Bank, HDFC Bank, etc. rose more than 2%, and the National Bank of India and Indian Industrial Bank rose more than 1%.Kolkata Stocks
HDFC Bank, India’s largest private bank, hit a record high of 1791 rupees per share today, and led the Indian stock market to strengthen.The main favorable factor is that the market expects the weight of the bank in the MSCI global index may increase.Ahmedabad Investment
The latest shareholding data of HDFC Bank shows that foreign capital holdings have fallen below the key level, which allows it to occupy higher weights in the MSCI emerging market index.According to analysis, this may bring up to $ 4 billion in funds to the company and may promote the stock price to rise by 10%in the next few days.HDFC Bank is the highest weight in Nifty and Sensex.New Delhi Investment
Earlier, Haitong International pointed out that the Indian stock market has risen for 8 years, and the reasons behind the cattle are the following points: 1) The profit of sustainable economic development of enterprises has gradually risen.In the fourth quarter of 2023, GDP increased by 8.4%year -on -year, far exceeding market expectations.2) The Indian stock market arrangement lays the foundation for the stock market "long bull".The strict delisting system, strict holdings of holdings, and perfect derivatives trading systems help the stock market rise.3) Personal investors and foreign capital poured into the market to bring incremental funds to the market, further urging the stock market to rise.
Upstream News Comprehensive Securities Times, Daily Economic News, etc.
Edit: Yang Sihai Editor: Wu Zhonglan review: Feng Fei
New Delhi Stock Exchange
