Indian stock market hit record highs at the open today (July 3) owing to HDFC Bank which surged on hopes of a likely increase in its weightage in a key global index. The NSE Nifty 50 was up 0.7% at 24,291.75 points, while BSE Sensex added 0.72% to 80,013.77 points, as of 9:15 a.m. This marks the first time that the 30-stock Sensex has crossed the 80,000 mark.HDFC Bank rose 3.5% at the open, leading Nifty 50 gains. This comes as foreign institutional investors’ shareholding in HDFC Bank in the June quarter dropped below 55%, data released showed. This raised the possibility of a likely increase in weightage in global index provider Morgan Stanley’s MSCI indexes.
