GAGA Share Market News

[hfe_template id='11223'] [ad_1] Mumbai: Indian equities are poised to rise on Monday, with exit polls predicting a victory for the BJP-led National Democratic Alliance (NDA) in the general election, easing investor uncertainty over the ruling coalition's performance, analysts said. Benchmark indices may rise about 2% Monday as foreign investors could reduce bearish bets, giving the market a boost. Shares of public sector and manufacturing companies, beneficiaries of the Narendra Modi-led BJP government's Make in India theme, could lead the likely advance, they said. "Most exit polls are indicating a win for the NDA, which should trigger short covering on Monday," said Sriram Velayudhan, senior vice president, IIFL Securities. Uncertainty had set in over the past few weeks and foreign portfolio investor (FPI) short positions in index futures were at record highs, he said. FPIs' record bearish derivative bets and selling of shares have weighed down t...

[hfe_template id='11223'] [ad_1] Mumbai: A tug-of-war between overseas fund managers and domestic individuals over Dalal Street's near-term prospects is at play. Foreigners are holding record bearish derivative bets on the Nifty as uncertainty over the outcome of the general elections is prompting them to hedge their portfolios here. Signs of renewed global investor interest in battered Chinese and Hong Kong stocks could also be driving them to be cautious about Indian equities, said analysts. Crossing swords with the sophisticated foreign institutions are domestic individual investors, who have created aggressive bullish wagers, underscoring their continued optimism over the market outlook. The Nifty has gained 2.5% in the past week while Foreign Portfolio Investors (FPIs) retained their elevated short positions in index futures and options through the third week of May. According to analysts, the net bearish positions of FPIs in index futures stood at a record 2.46...