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] 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] The India VIX has been the talk of the town as it jumped by over 91% in May 2024 ahead of India’s election results scheduled next week. Notably, this is the second-highest monthly jump since March 2020. Despite recognizing the importance of tracking the India VIX, many people struggle to understand what an India VIX value of 24 actually means. If the current India VIX reading is 24, it indicates that the Nifty 50 is expected to fluctuate within a 24% range, either up or down, over a year. To calculate the monthly range, divide the yearly range by the square root of 12 (the number of months in a year), which results in approximately 6.93%. This means the monthly range for the India VIX is 6.93% up or down. Similarly, we can calculate the expected weekly and daily fluctuation ranges for the Nifty 50. The below table shows the expected fluctuation range for the Nifty 50 when the India VIX is 24. Yearly Range 24.00% Monthly Range 6.93% Weekly...

[hfe_template id='11223'] [ad_1] The cost of hedging Indian stocks has surged by the most since the onset of the Covid-19 pandemic ahead of the general election’s outcome next week. The NSE India Volatility Index has risen 88% in May, the most since March 2020. In an unusual occurrence, the gauge of options prices kept creeping up even as stocks reached record highs last week. The NSE Nifty 50 Index has since slipped and the so-called India VIX ended at 24.17% on Thursday, near a two-year high. Bloomberg The jump in swings is predictable as investors await the June 4 results. While Prime Minister Narendra Modi is expected to win a third term in office, low voter turnout and reports of close contests in some states have tempered enthusiasm for elections that began on April 19. Read: India’s Equity Rally Hinges on Modi Bettering 303-Seat Tally“As we edge closer to the result, participants do not want to take any risk and are hedging for the ‘just in case’ outcome,” said C...

[hfe_template id='11223'] [ad_1] Equity benchmark indices climbed in a special trading session on Saturday, extending their rally to the third day running, amid fresh foreign fund inflows. "Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 40 points, or 0.18 per cent, at 22,608, signaling that Dalal Street was headed for negative start on Tuesday. Tech View: Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securi...

[hfe_template id='11223'] [ad_1] Equity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets. "We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 124 points, or 0.56 per cent, at 22,383.50, signaling that Dalal Street was headed for positive start on Thursday. Tech View: A sustainable move above the immediate resistance of 22300 levels is likely to open the doors for the higher target of 22600 levels in the near term. Immediate support is 22070 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC...

[hfe_template id='11223'] [ad_1] With Dalal Street's fear gauge India VIX jumping over 60% so far this month to hit a fresh 52-week high of 21.49, Sensex has fallen over 2,000 points in May to make the old saying of 'Sell in May and go away' come true once again. FIIs have led the outflow by withdrawing around Rs 19,000 crore from Dalal Street in the month so far with HNI investors also keeping the powder dry to take advantage of wild swings in the election season. During today's session, Sensex fell nearly 800 points but recouped some of the losses later on as voting progressed in the fourth phase of Lok Sabha elections. In both the last two voting days on May 7 and April 26, Sensex and Nifty had ended in the red. A lower voter turnout in the first 3 phases of the elections has increased perceived uncertainty on the outcome, even if the consensus is still firmly rooting for a return of the incumbent, market insiders say. Top BJP leader Amit Shah tried to...

[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...

[hfe_template id='11223'] [ad_1] In the past trading week, the markets traded in a much wider range. Over the past few days, we had seen the markets and the VIX inching higher, i.e., moving in the same direction. In the previous technical note, we had expressly mentioned this concern as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move. The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%). There is something more that needs to be noted from a technical perspective. While the Nifty has stayed flat, the volatility has shown a huge spike. This is evident from the India Vix spiking by a massive 33.80% to 14.62. This continues to show some quantum of uneasiness in the markets. More so, the rise in the VIX and the NIFTY over ...