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India's general elections resulted in a negative surprise with the ruling NDA set to return with a reduced majority, causing a 6% drop in the Indian markets. Emkay believes the correction isn't deep enough yet at current levels and advises switching investments if the Nifty falls below 20,000. Continue Reading »
All 12 of the index's companies were trading lower as Nifty Bank hit its lowest point of the day, 46,077.85. Ranking heavyweights HDFC Bank and ICICI Bank were among the top three laggards, having been surpassed in the slide by Reliance Industries (RIL). Continue Reading »
Share market today: Nifty 500 saw 21 stocks in green amidst market chaos post-election results. FMCG stocks like Marico, Britannia, and HUL hit all-time highs. Election outcome hints at weaker NDA mandate, possibly signaling return of coalition politics in India. Continue Reading »
BSE Sensex and Nifty 50 dropped over 5% after exit polls indicated NDA winning over 350 seats. Market stability expected with BJP as primary victor. Shankar Sharma suggests STCG and LTCG tax may be reduced but not increased. Continue Reading »
Top Gainers and Losers Today : The Sensex lost 4389.73 points, or -5.74, to settle at 76468.78, while the Nifty lost 1379.4 points, or -5.93, to close at 23263.9. Continue Reading »
Sensex and Nifty experienced a steep decline, with Sensex dropping 5.74% and Nifty falling 5.93%. Experts suggest immediate support at 21,200 for Nifty, with caution advised for investors amidst the uncertain market conditions. Continue Reading »