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[hfe_template id='11223'] [ad_1] By crashing up to 8.5% intraday on Tuesday, Nifty today suffered its biggest fall since March 2020 when the whole world was stressed about Covid-19. The headline equity index erased all gains made in the calendar year 2024 and fell below the 21,300-mark after vote counting for elections showed BJP may not win as many seats as the market had priced in. While Sensex fell up to 6,234 points during the day, Nifty bulls saw an erosion of nearly 2,000 points at day's low. On BSE, over 3,400 stocks fell with 745 hitting the lower circuit limit and 285 stocks touching 52-week low levels. The market capitalisation of all listed companies on BSE declined by Rs 45.56 lakh crore to Rs 380.35 lakh crore during the day. Exit poll predictions had unleashed the bulls on Dalal Street on Monday with predictions that the ruling NDA may win over 350 seats in the elections. However, counting trends show that the NDA is leading in around 300 seats while th...

[hfe_template id='11223'] [ad_1] Benchmark equity indices surged on Monday, led by financials, index heavyweight Reliance Industries and energy stocks, after exit polls projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The NSE Nifty 50 rose 3.25% to 23,264 points, while the S&P BSE Sensex added 3.39% to 76,469, with both the blue-chip indices logging record closing highs and posting their best session in 40 months. Meanwhile, volatility indicator India VIX ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Exit polls released on Saturday projected the Bharatiya Janata Party-led National Democratic Alliance will likely get a two-third majority in the 543-member lower house. All eyes are now on the final results due on June 4. Here's how analysts the market pulse: "On the daily charts, we can observe that Nifty has broken above the previou...

[hfe_template id='11223'] [ad_1] Central banks worldwide are playing a pivotal role in driving the ongoing bull run in gold prices. This article aims to dissect the intricate connection between central bank actions and the surge in gold prices, shedding light on the factors contributing to this phenomenon. Understanding Central Banks' gold accumulation Diversification Strategy: Central banks are actively diversifying their foreign exchange reserves by increasing their holdings of gold. This strategic shift aims to reduce reliance on traditional reserve currencies, such as the US dollar, and mitigate associated risks. Hedging Against Inflation: With mounting concerns over rising inflationary pressures, central banks view gold as a reliable hedge against currency depreciation and inflation. Gold's intrinsic value and limited supply make it an attractive asset for preserving purchasing power in times of economic uncertainty. Impact on Gold Prices: The influx of g...

[hfe_template id='11223'] [ad_1] Nifty ended the extended 6-day trading week around 2% higher as moderation in India's CPI and lower-than-expected inflation figures from the US Fed boosted investor confidence. Global market cues remained largely supportive as major indices of the US market such as Nasdaq, S&P 500 and Dow touched lifetime highs. This week will be a curtailed one with Monday being a market holiday on account of voting in Mumbai for Lok Sabha elections. "The week is going to remain lackluster on the data front as no major economic data releases are scheduled in both the US as well as Indian market. Hence, the focus of Indian investors will largely remain on the ongoing earnings season as well as stock specific developments. We expect election led volatility to continue in the Indian market and hence, advise investors to exercise caution and accumulate good quality stocks during this volatile phase," SBI Securities said. Also read | How wil...