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[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] Synopsis The way things have panned in the last one month, it is clear that bulls are not in any mood to leave the street. The pattern of the sectoral rotation is visible. Yesterday, it was banking which led the rally while there was a correction in real estate. Today it is auto stock which is leading the rally. Clearly the under current is bullish and if there is no major description coming in, then it is very likely that bullish trend is likely to continue. At this point of time, the preference toward large cap stocks continues as Q4 numbers from large companies are coming in line with expectations. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. Both at the level of indices and market breadth, bulls are in cont...