India's SENSEX fell slightly, almost flat on Friday, but rose sharply on a weekly basis
The BSE index closed almost settled at 75,410.4 on Friday after hitting a record high of 75,618 during trading as investors rushed to determine profits in response to recent gains.
Meanwhile, strong corporate activity in the United States and hawkish statements from the Federal Reserve have raised the view that central banks will maintain high interest rates for a long period of time.
Also, amid strong selling pressure from foreign investors, the sense of alarm about India's election results did not go away.
Among individual stocks, HDFC Bank (+1.6%), Bharti Airtel (+1.1%), and NTPC (+07%) were top performers, while Tech Mahindra (-1.2%), Asia Paint (-1.2%), ITC (-1.2%), TCS (-1.1%), and Mahindra & Mahindra (-1.2%) recorded the biggest losses .
Nevertheless, strong domestic data and signs of a decrease in India's budget deficit this fiscal year and the next fiscal year due to high dividends from RBI were driven by, and the market headed for a sharp rise of 1.8% this week, leading to a sharp rise of 1.8% this week, and it will rise for 2 consecutive weeks
*Voting for the Indian general election was carried out in stages, divided into a total of 7 sessions from 4/19 to 6/1,The vote is counted on 6/4
Along with the announcement of the election schedule, the election code of conduct (Model Code of Conduct) determined by ECI will be applied on the same day
The Indian government and state governments are prohibited from announcing new subsidy systems or taking the stage at project groundbreaking ceremonies during the period until vote counting day (6/4)
Also, it is prohibited for candidates holding ministerial positions to promise new infrastructure, etc.
Attention is being paid to whether the Modi administration will enter a third term
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
乱空 OP : The cause of anxiety about the Modi administration entering a third term was an economic impact. Price increases (24%), unemployment (24%), and poverty (9%) were cited as the most unevaluable points of the current administration in previous opinion polls.
乱空 OP : India experienced negative growth in 2020 for the first time in 41 years due to the COVID-19 pandemic, but since 2021, it has achieved high economic growth of over 7% for 3 consecutive years. According to the IMF, it is expected to surpass Japan's nominal GDP next year