Posts in category Economic Times
Back to basics in uncertain times; quality to outperform momentum (05-06-2024)
The election outcome defies market and exit polls estimates. Focus shifts to government formation, analysis of the election verdict, and policy recalibration. Support for bottom-of-the-pyramid consumption likely for inclusive growth.
Sensex tanks 4,389 pts, its worst fall in 4 years (05-06-2024)
India's stock benchmarks plummeted on Tuesday after the Bharatiya Janata Party's weaker-than-anticipated performance in the general elections sparked risk-off sentiment. The market fell following inaccurate exit poll numbers, with the BSE Sensex slumping by 5.74%.
Adani stocks, overseas bonds battered by rout (05-06-2024)
Adani Group's offshore bonds dropped 1-2 points post Modi government's failure to secure a predicted victory as per exit polls.
Hindalco-owned Novelis postpones US IPO (05-06-2024)
On Tuesday, Novelis, which is owned by the Indian billionaire Kumar Mangalam Birla's Hindalco Industries, announced the postponement of its initial public offering due to prevailing market conditions.
Politics may be fluid, but economics is still solid. Time to be somewhat greedy (05-06-2024)
Post-election, Nifty dropped reacting to exit polls. BJP leads with NDA's mandate for the third government, promising development reforms. PM Modi targets a developed India by 2047 with positive economic indicators like RBI rate cuts, good monsoons, and FIIs re-entry.
Aam Aadmi’s welfare to fare well for FMCG (05-06-2024)
FMCG stocks favored as money exits PSU stocks. Strengthening consumer sentiment, rural market support are priorities for BJP.
GIFT Nifty rises 100 points; here’s the trading setup for today’s session (05-06-2024)
Indian markets reacted to the NDA's election results with a 6% loss in Sensex and Nifty. Concerns over socialist policies were raised. Traders were cautioned by Kotak Securities. Adian Markets and Hang Seng futures showed varied performance. Oil prices fell slightly. Stocks in F&O ban.
Bond vigilantes worry as weak Modi win fans fiscal populism fear (05-06-2024)
Prime Minister Narendra Modi's smaller-than-expected poll victory is causing concerns among bond investors about increased populism. The election results shocked traders, leading to a selloff in Indian assets.
From Street darlings to sell-off targets, PSUs feel the heat (05-06-2024)
PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.