Kanpur Wealth Management：Witness history!The Indian stock market ＂crazy＂, exceeding 80,000 points for the first time

In early June, Indian Prime Minister Modi won the third term, but his leadership's governing alliance lost the parliament majority for the first time since 2014.The results of this election aroused people's concerns about the continuity of the policy, which led to a large amount of capital out of capital. The Indian Mencius Sensex Index even appeared 5.74%of the "big diving" in a single day.

However, as Modi's new alliance promises to maintain the continuity of the policy, investors' concerns have quickly dissipated, global capital re -inflows, coupled with the strong domestic capital to promote Indian stock indexes to continue to strengthen.Kanpur Wealth Management

Today, the Indian Sensex index broke through 80,000 points historically, a record high.The Indian Nifty also reached its historical high.

The rising leader is the country's largest private loan institution HDFC Bank, because the weight of HDFC banks in a key global index may increase. Under this expectation, the stock price of HDFC banks soared to a record high.

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.

"NUVAMA's alternative and quantitative research director Abhilash Pagaria said:" After experiencing a stable bull market in the market, HDFC Bank will now bring up again. "Varanasi Stock

This article comes from: the financial industry

Author: AI Jun

Varanasi Investment