The first reaction to the general election result was negative with a 5.9% decline in the Nifty index on June 4, though the market ended last quarter up 9.7% from where it closed that day. The initial reaction was no surprise since the failure of the BJP to obtain the […]
NDA
Asian markets traded in the green following overnight gains in the US stock market after soft economic data raised hopes of interest rate cuts by the Federal Reserve. Sentiment in the Indian markets improved after the National Democratic Alliance (NDA) leaders pledged support to Narendra Modi’s Bharatiya Janata Party (BJP) […]
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 […]
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 […]
After the Nifty and Sensex ended with the biggest gains in 39 months, experts pointed to a likely encore on Tuesday – If the final results match pollsters’ predictions, that is. On Monday, the Nifty rallied 808 points or 3.58% to the day’s high of 23338.70, before closing 3.25% up […]
The BJP campaign slogan ‘abki baar char sau paar’ had a halo effect on the stock market. The target of 400 seats was set as a psychological extension of the NDA’s massive 2/3rd majority in 2019 (352 NDA seats). Furthermore, the government’s enhanced leadership and performance during the COVID period […]
The gap-up is expected to result in a rush for short covering by foreign institutional investors and proprietary traders who had feared the NDA might not be able to secure more than 300-310 Lok Sabha seats, say market experts Mint spoke with. A strong electoral mandate for the ruling alliance would […]
Retail and wealthy investors have taken huge long bets on index and stock futures contracts, reinforcing their expectations of political continuity, according to analysts. Foreign institutional investors (FIIs), on the other hand, are being cautious, hedging their bullish bets on single stock futures contracts and cash portfolios by building huge […]
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 […]