Ocean of Knowledge
With the results of the General Election just a week away, on June 4, investors are closely monitoring the political landscape, with expectations running high that the National Democratic Alliance (NDA) may register victory for the third time in a row. In a webinar, Manish Sonthalia, Chief Investment Officer of Emkay Global Financial Services, shared…
The combined market capitalisation of the Aditya Birla Group firms surged past the $100 billion mark (Rs 8,51,460.25 crore), joining the likes of Tata Group, Adani Enterprises and Reliance. The group firms — UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya…
Hindustan Zinc Ltd (HZL), Hindustan Aeronautics Ltd (HAL) and State Bank of India (SBI) are among stocks that beat some of the most-valued stocks on Dalal Street such as Reliance Industries Ltd (RIL), Infosys Ltd and Tata Consultancy Services Ltd (TCS), or Adani stocks, in terms of market capitalisation (m-cap) addition in the ongoing Lok…
Global brokerage CLSA believes the narrow election theme-based rally may end in the domestic equity market in June-July. However, it sees banks as the best risk-reward growth play in the country during the second half of 2024. The overseas firm added that a favourable outcome in the general elections would raise investor confidence in India’s…
The India VIX, also known as the volatility index, has surged more than 100% since April 23. A couple of factors, including the ongoing General Elections and sustained selling pressure by foreign institutional investors, weighed on market sentiment. Meanwhile, the NSE Nifty index fell more than 1% against its all-time high scaled on May 3….
Foreign investors pulled out a massive Rs 22,000 crore from Indian equities so far this month amid uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. The number comes after a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s tax…
Equity markets will be closed on Monday due to the Mumbai elections, according to the BSE holiday calendar. All segments, including equity, derivatives, and SLB, will be closed. The Multi-Commodity Exchange (MCX) will be closed for the morning session but open for the evening session, reported Economic Times. In addition to the Mumbai elections on…
‘Narrative’ stocks in sectors such as capital goods, defense, electricity, EMS, railways, renewables and PSU sectors are trading at ‘unfathomable’ multiples ahead of exit polls and election outcome. Kotak Institutional Equities said such stocks are precariously positioned with their frothy market capitalisations and valuations supported by a combination of optimistic assumptions and ‘rich’ multiples based…
What will it take to unsettle the markets? On Tuesday, the bourses side-stepped Lok Sabha election volatility to hit a significant milestone by generating $1 trillion in wealth in six months. The total market capitalisation of all BSE-listed companies hit $5 trillion, increasing by more than $633 billion since January this year. Dalal Street moved…
At least a dozen smallcap shares delivered 50-100 per cent since Lok Sabha elections 2024 kicked off on April 19. The rally in these smallcap shares were seen in the backdrop of a mere 2 per cent rise on Sensex and Nifty during the same period. With the election outcome just a week away, analysts…