This marks the index’s third consecutive day of hitting record high, with six new highs achieved in June alone and more potential in the nine remaining trading days of the month. In May, the index set new records four times. Throughout CY24, the index has set record highs 32 times. […]
Markets and Elections 2024
Global brokerage firm CLSA has revised its India portfolio in response to the Lok Sabha election results. The firm, which recently listed 54 stocks as “Modi stocks,” has now limited its exposure to this category to only ONGC and Reliance Industries, as these have re-rated by less than 15% in […]
Simultaneously, the country’s stock markets witnessed a surge in volatility, echoing the intensity of the electoral fervor. Initial market expectations of a third consecutive term for the NDA government with a clear majority were challenged by lower-than-expected voter turnout, prompting erratic market movements. As the seventh phase of the general […]
Although the link between voter turnout and election outcomes is not straightforward, the drop in voter turnout has introduced an element of uncertainty that has reverberated through the Indian market in May. Amid this backdrop, both the Nifty 50 and Sensex are set to finish May with mild gains, ranging […]