Indian equity markets managed to recover some ground on Wednesday, with the benchmark Nifty 50 index rising 3%. However, this did not fully offset Tuesday’s massive losses. The outcome of the Lok Sabha election 2024 – a fractured mandate and coalition government—was far from the Street’s lofty expectations of a […]
Exit polls
After the Nifty and Sensex ended with the biggest gains in 39 months, experts pointed to a likely encore on Tuesday – If the final results match pollsters’ predictions, that is. On Monday, the Nifty rallied 808 points or 3.58% to the day’s high of 23338.70, before closing 3.25% up […]
The majority of polls estimate the Bharatiya Janata Party (BJP)-led alliance will win between 350 and 400 seats overall, which is far more than the 272 seats needed for a majority in the 543-seat lower house of parliament. The alliance took home 352 in 2019. On Tuesday, the votes will […]
The gap-up is expected to result in a rush for short covering by foreign institutional investors and proprietary traders who had feared the NDA might not be able to secure more than 300-310 Lok Sabha seats, say market experts Mint spoke with. A strong electoral mandate for the ruling alliance would […]
The Nifty 50 opened down 67.60 points, or 0.30 percent, at 22,637.10, while the Sensex fell 225.37 points, or 0.30 percent, at 74,277.53. SBI, ONGC, Hindalco, ICICI Bank, and Kotak Mahindra Bank were among the top Nifty gainers; Tata Steel, Titan Company, Power Grid Corp, Dr. Reddy’s Labs, and JSW […]
Traders in India’s stock market are turning to illegal election betting platforms for clues to combat the uncertainty regarding the outcome of the ongoing general elections, reported news agency Reuters. According to the report, in the weeks leading up to the vote counting on June 4, the market has been […]