After the Lok Sabha elections, all investors are now eagerly waiting for the announcement of the full budget, which is likely to be presented in the third week of July. Meanwhile, the finance minister conducted pre-Budget consultations with leading experts from the financial and capital markets sector in New Delhi, […]
lok sabha elections 2024
The market had expected Prime Minister Modi securing a consecutive third term with an absolute majority in the lower house of Parliament which would have benefited the Indian economy and the stock market. Also read: Election Results 2024: Here’s what to expect from Indian stock market and what should be […]
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 […]
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 […]
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 […]
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,570 level, a premium of nearly 160 points from the Nifty futures’ previous close. The counting of votes for the Lok Sabha Elections 2024 will begin soon with Prime […]
Foreign portfolio investors (FPIs) have continued to divest from Indian markets since scaling back their purchasing activity at the start of the new fiscal year 2024-25 (FY25). According to Samir Arora, founder of Helios Capital, FIIs are likely to make up over $16 billion, expecting the market to rally around […]
Indian stock market: The Nifty remained volatile within a narrow range during the day as investors awaited the election results. The highest call writing is visible at 23000, while there is significant put writing at 22500, indicating that the Nifty might oscillate between 22500 and 23000 in the next few […]
Along with exit polls, market will also react to domestic GDP data along with US core PCE data which will result further heighten the volatility on Monday. Overall the global cues have been weak as the hopes of rate cut are getting diminished with better than expected US economic data […]