The brokerage noted that even though the incumbent party failed to cross the majority mark on its own in its third term, it still retained its spot of being the largest party with the highest vote – subduing the fear regarding meaningful deviation from the stated policies. MOSL continues to […]
lok sabha election results
The BJP won 240 Lok Sabha seats, falling 32 seats short of a majority. The BJP needed four allies to obtain a majority: N Chandrababu Naidu’s TDP, which has 16 seats, Nitish Kumar’s JDU (12), Eknath Shinde’s Shiv Sena (7), and Chirag Paswan’s Lok Janshakti Party-Ram Vilas (5). Also Read: […]
Eminent investor Basant Maheshwari in his YouTube live, on June 4, warned the PSU stocks holders as the market momentum from PSU, defence and renewable energy could shift amid formation of new government. Several brokerages had identified several stocks (Modi stocks) which could gain from the emergence of a Modi […]
In a recent report, brokerage house Emkay believes that at 19.5x PER, the correction isn’t deep enough yet. At current levels, the brokerage is neutral on equities and would stay invested but not add to positions. If the Nifty does correct another 10 percent to below 20,000, it sees the […]
In today’s session, Indian markets experienced a dramatic reversal, undoing the gains seen on Monday, as indications from the Lok Sabha election results diverged from the optimistic forecasts of exit polls. This unexpected turn of events sent shockwaves through the investor community, leading to a panic-driven selloff that wiped out […]
Zomato, Paytm, Nykaa, Delhivery, among other new-age tech stocks plunged up to 10% on Tuesday amid overall stock market meltdown. Dalal Street witnessed a bloodbath as the Sensex and Nifty 50 crashed 8% each after the trends in election results 2024 indicates a slim majority for the ruling NDA, falling […]
Adani Group stocks crashed sharply on Tuesday after most of the group stocks hit 52-week highs in the previous session following the overall weak sentiment of the Indian markets after early trends showed that the election result could be tighter than exit polls had predicted. The decline in Adani Group […]
Stock market today: After a stellar rally on Monday, the Indian stock market witnessed sharp selling in early morning deals on Tuesday. The Nifty 50 index lost around 700 points and touched an intraday low of 22,566, whereas the BSE Sensex lost over 2000 points and touched an intraday low […]
In the first week of June, investors will keenly eye the ongoing Lok Sabha election developments, the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), domestic and global macroeconomic indicators, auto sales figures, foreign fund inflow, crude oil prices, and global cues. Also Read: Bulls […]
Edited excerpts: Market has been on a high, will it remain the same ahead of election results or will there be a correction? Markets work like discounting machines that often incorporate forward-looking events into current prices. They typically show a reversal only when unexpected surprises occur. Events like election results […]