AI feast, "One Cloud Arrow" sounded through the sky, and the global stock market began to staggered and cheered.
As U.S. stocks, European stocks, Japanese stocks, and Taiwan stocks have reached a record high, India has also joined this round of global stock market carnival.
On Friday, driven by financial stocks and information technology stocks, the Indian blue chip index nifty 50 consecutive trading days reached a record high and the global technology that exploded for the "Nvidia Effect".Add another fire to the rise.
As of press time, the Nifty 50 Index rose 0.77%to 22240 points, and the Sensex index rose 0.18%to 73292 points.
In the first four trading days of this week, the Nifty 50 Index has reached a record high, which has increased by more than 0.8%;On the weekday, it has risen more than 1%, and it is still about 300 points away from the historical high.
On Thursday, a business survey released by India showed that in February, business activities accelerated to seven months high due to strong demand.
The HSBC Bank India Comprehensive Purchasing Manager Index (PMI) preliminary value of HSBCs global HSBC from January 61.2 to 61.5 this month is located in the 31st consecutive month.Above the glory of 50.
In February, the initial value of the manufacturing PMI rose from 56.5 last month to 56.7, the highest since September, and the initial value of the service industry from 61.8 in January to7 months high 62.0.
Renaissance Investment Managers Director and Chief Investment Officer Pankaj Muraka said due to the potential strength of the economy, the acceleration of business activities, the strong corporate profitability, and the continuous domestic funds.Flowing, the Indian stock market will continue to perform well.
Last year, with the influx of foreign investors, the Indian stock market set a record eight -year rising record.
Bloombergs data shows that in the last three months of 2023, the main American ETF purchased by Indian stocks attracted CreationInvestors in the record.
Reuters analysts said that although the valuation is already high, the Indian stock market will soar to a new high at the end of June, and it will rise by nearly 9%in 2024, and it will be in the next three months in the next three monthsIt is unlikely to adjust.
Axis Securities quantitative stock research director Neraj Chadawar said:
"Compared with other emerging markets, the Indian economy is still Economy with excellent performance. In addition, we firmly believe that India may continue to maintain a growth momentum in 2024 and maintain stability in the context of global economic turmoil. "
Jefferies analysts predicted in a report on Thursday that due to the booming and continuous reform of the Indian economy, the Indian stock market is expected to turn over by 2030 to $ 10 trillion.
At present, India, worth $ 4.3 trillion, is the fifth largest stock market in the world.Over the past 20 years, the annual return of the Indian stock market has remained at 10%.
Analysts said that even after the alarming stock return, investors in the countrys stock market can still expect the return rate of 8%-10%in the next five to seven years.
"Assume that the market returns are consistent with the history of the past 15-20 years and the situation of new listed companies. India will become a nearly $ 10 trillion market by 2030 by 2030-—— Global large investors cannot ignore. "
The report also pointed out that in the past ten years, Indias GDP has a compound annual growth rate of 7%.In the next 4 years, Indias GDP may reach $ 5 trillion. By 2027, it will become the third largest economy, surpass Japan and Germany, and become the fastest -growing large economy.
