US stock indices were mixed after opening higher on Wednesday amid hopes for an earlier-than-expected cut in interest rates by the Federal Reserve. At 12:20 p.m. ET, the Dow Jones Industrial Average was down 4.89 points, or 0.01 per cent, at 38,706.40, the S&P 500 was up 35.69 points, or […]
‘’We believe that OMCs are effectively cushioning all the impact of the oil price, product crack, logistics cost, and currency fluctuations. Furthermore, we do not expect OMCs to have any pricing power on petrol, diesel, and liquified petroleum gas or LPG (~80-85 per cent of sales volume) in Q1FY25,” Pokharna […]
After a nearly 6 per cent fall in the previous session, Nifty 50 jumped over 3 per cent on Wednesday, June 5, as hopes prevailed that the BJP-led NDA was ready to form a stable government. Also Read: Lok Sabha Election results 2024: What does lack of BJP majority mean […]
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 […]
Indian auto stocks gained sharply in Tuesday’s trading session, with the Nifty Auto index gaining 5% to touch a fresh record high of 24,347 points. Two-wheeler stocks like Bajaj Auto, HeroMoto Corp., and TVS Motor Company, attained fresh record highs during the session, with gains ranging between 4% and 6.5%. […]
Stock market today: A day after experiencing their biggest percentage-term losses in about four years, the Indian stock market benchmarks – the Sensex and the Nifty 50- staged a remarkable comeback on Wednesday, June 5, as investors absorbed the Lok Sabha election results and shifted their focus to fundamentals and […]
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 […]
On Monday this week, Indian benchmark Nifty 50 surged topped the 23,000 level, while the BSE Sensex crossed the 76,000 level. Buoyed by exit polls predicting a third term for Modi, everything felt good when stocks were going up on Monday. Little did investors know that the poll results on […]
Reconsidering its earlier portfolio in light of the unexpected election results, brokerage house Prabhudas Lilladher believes portfolio allocations and future policies of NDA government will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will […]
Stock market today: Despite the stock market’s volatility post-Lok Sabha Election 2024 results, the Nifty FMCG Index has demonstrated remarkable resilience. It surged around 5 percent, reaching the 5,800 mark during the early morning session, and logged a one percent rise on Tuesday, even after the stock market crash following […]