The Indian stock market witnessed notable movements on December 5, 2024, with shares of Central Depository Services Ltd. (CDSL) and Bombay Stock Exchange (BSE) achieving record highs. This surge reflects the growing investor confidence in market infrastructure institutions.
CDSL share price climbed by up to 10%, reaching an all-time high of ₹1,865.4 during the trading session. This marks a significant milestone, with the stock appreciating approximately 19% over the past month. The inclusion of CDSL in the Futures & Options (F&O) segment has likely contributed to this upward trajectory.
Mirroring CDSL’s ascent, BSE shares price jumped by 12%, hitting a record high of ₹5,168.9. The stock has gained about 9% in the last month and has more than doubled in value in 2024, reflecting a 128% increase. BSE’s entry into the F&O segment from the December series has enhanced its market presence and investor interest.
The robust performance of CDSL and BSE can be attributed to several factors:
The recent performance of market-linked stocks indicates a positive trend, particularly for entities like CDSL and BSE that play pivotal roles in the financial ecosystem. However, the underperformance of stocks like Angel One suggests that company-specific factors and broader market conditions continue to influence stock performance.
Investors should remain vigilant and consider both macroeconomic indicators and company-specific developments when making investment decisions in this sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 5, 2024, 2:16 PM IST
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