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India's Nifty 50 Posts Another Record Close, Longest Weekly Rising Streak of 2024
BENGALURU (July 5): India's Nifty 50 notched another record closing high on Friday, and also its longest weekly rising streak for this year, as gains in energy stocks offset a slide in top private lender HDFC Bank.
India's stock market standing in the wind, the new highs turned into the previous highs in a blink.
Considering the large-scale inflow of funds brought by the future MSCI emerging markets index rebalancing, as well as the massive infrastructure plan and consumer-boosting strategy proposed by Indian Prime Minister Modi, Wall Street remains firmly bullish on the performance of the Indian stock market.
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Indian Stocks Tumble The Most Since March 2020 With Modi's Party Set To Lose Majority
The Indian stock market experienced its most significant daily drop since March 2020, as the coalition of current Prime Minister Narendra Modi is predicted to lose its majority in Parliament.The Nifty
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