GAGA Share Market News

[hfe_template id='11223'] [ad_1] India completed a historic election this week, which had a roller-coaster effect on the share market and led to volatility surging to unprecedented levels. The broader market indices and several other sectoral indices fell sharply on the day of the election results. However, one sector successfully resisted the bearish sentiment and could become an investor favourite now. Yes, that's the FMCG sector. It rallied by around 5% on Wednesday after gaining 1% on the previous day when the market crashed sharply. There are several reasons for FMCG becoming a preferred choice in today’s time. This year’s general election has been the most expensive, with estimated campaign expenditures by political parties reaching a record Rs 1.35 lakh crore. A significant share of this pie moves into the pockets of rural India. Additionally, as per the election verdict, an alliance government will come to power. Observing the less-than-expected support that ...

[hfe_template id='11223'] [ad_1] Domestic markets closed flat on Wednesday as consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. "We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 12 points, or 0.05 per cent, at 22,376, signaling that Dalal Street was headed for muted start on Thursday. Tech View: The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22200 levels. Confirmation of reversal from here could open short-term upside bounce in the market. Immediate support is at 22200 levels and the next overhead resistance is at 22500 levels, Nagaraj Shetti of HDFC Securiti...