On Monday, both headline indices—Nifty 50 and Sensex—hit record highs during the day at 23,411.90 and 77,079.04 points, respectively. “The record market highs indicate the markets’ confidence in the ongoing economic reforms and policy stability,” said Soumya Rajan, founder and CEO, Waterfield Advisors. Reduced majority Even with the BJP’s reduced […]
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The debate between value and growth investing is long-standing, with each approach having a dedicated group of supporters. Warren Buffett, Charlie Munger, and Benjamin Graham have always been known for their advocacy of value stocks. On the other hand, Jim Simons, Peter Lynch, Philip Fisher, Ron Baron, and Cathie Wood […]
Investors were rattled after the Bharatiya Janata Party (BJP) failed to cross the halfway mark in the lower house of the Parliament and secure a clear majority. However, the BJP-led National Democratic Alliance (NDA) managed only a slim majority to form the government at the Centre. Asian markets traded mixed, […]
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 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 […]
“Assuming a stable alliance under Modi’s leadership for the next five years, we recommend buying equities on a steep correction. We do not see any chance of a non-NDA government coming to power,” said the brokerage firm. Concerns over low voter turnout overblown While the stock market’s biggest concern about […]
The total selling by FPIs in the domestic equities since the beginning of 2024 amounted to over ₹19,000 crore so far, as per data available on National Securities Depository Ltd (NSDL). Meanwhile, the highest FPI outflows was seen in the financial services stocks worth ₹9,687 crore during the first fortnight […]
Edited excerpts: How do you expect the market movement after the Lok Sabha election outcome on June 4? When can we expect fresh record highs? The base case scenario anticipates the formation of a government by the BJP. However, we anticipate potential market volatility post-election, especially if the BJP fails […]
Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]
Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein. The final two phases of the seven-phase Lok Sabha election 2024 are […]