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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] With impatient investors unwilling to wait till the release of Lok Sabha election results on June 4 or even the exit poll on June 1, Sensex has rallied over 3,500 points since voting began in a Rs 26 lakh crore rally. Considering April 19's low of 71,816.46, when voting for the first phase of Lok Sabha elections began, and Monday's closing of 75,390, Sensex is up over 3,570 points. In the meantime, the combined market capitalisation of all BSE-listed stocks has also gone up by Rs 26.36 lakh crore to Rs 419.95 lakh crore on Monday. Historical trends suggest that sharp movements may not stop here. In all the last 4 elections, the week preceding the results has been hectic. In 2004, when a Congress-led UPA government snatched power from NDA, Nifty had fallen 21.5% in the pre-result week. In 2009 elections, when Manmohan Singh retained the crown, Nifty had zoomed nearly 22% in 5 days before the D-Day. In 2014, Nifty had rallied 5% in ...

[hfe_template id='11223'] [ad_1] Despite enjoying a higher valuation premium on risk management and overall governance practices, Kotak Mahindra Bank has now lost its status as the fourth largest banking stock on Dalal Street to rival Axis Bank in market value terms. While Axis Bank shares were trading 4% higher on better-than-expected Q4 results, those of Kotak were trading 10% lower following a ban by RBI on digital sourcing of customers and issuance of fresh credit cards. As a result, Kotak's market capitalisation fell to Rs 3.3 lakh crore while that of Axis Bank was higher at Rs 3.4 lakh crore. In Dalal Street's pecking order, HDFC Bank remains India's most-valued bank at about Rs 11.5 lakh crore, followed by ICICI Bank at Rs 7.76 lakh crore and SBI at Rs 7 lakh crore. Kotak and Axis have often been pitched against each other. In terms of market value, both private lenders were at similar levels of Rs 1.5 lakh crore in 2015. Gradually, a sharp rally in Ko...