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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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