GAGA Share Market News

[hfe_template id='11223'] [ad_1] Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. "The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains, marking their third consecutive week of growth. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than 3%. This impressive performance also signifies the Nifty Bank's longest winning streak in 19 months, as it recorded gains for the sixth straight week," Pravesh Gour, Senior Technical Analyst at Swastika Investmart said. In his view, the market is expected to trade sideways this week due to the absence of strong buying or selling triggers, even though the underlying sentiment remains bullish. He also sees dips attracting opportunistic buying...

[hfe_template id='11223'] [ad_1] Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. "The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains, marking their third consecutive week of growth. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than 3%. This impressive performance also signifies the Nifty Bank's longest winning streak in 19 months, as it recorded gains for the sixth straight week," Pravesh Gour, Senior Technical Analyst at Swastika Investmart said. In his view, the market is expected to trade sideways this week due to the absence of strong buying or selling triggers, even though the underlying sentiment remains bullish. He also sees dips attracting opportunistic buying...

[hfe_template id='11223'] [ad_1] India’s top money managers, overseeing nearly $120 billion of equity assets, are now favoring shares of large firms with strong fundamentals as this week’s election upset dims the appeal of past winners with sky-high valuations. Stock pickers at ICICI Prudential Asset Management Co. and HDFC Asset Management Co. are turning wary of small-caps and stocks that look overheated, such as industrials, defense and state-run companies. Nippon Life India Asset Management Ltd. is leaning toward larger companies that are trading at attractive valuations. It’s been a turbulent week for Indian equities. After an initial surge Monday on the back of exit polls signaling a sweeping majority for Prime Minister Narendra Modi, markets crashed a day later erasing almost $400 billion of value as his party lost its majority in parliament. While shares have recovered most of their losses after Modi won backing from key allies to form a government, stocks that a...

[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] Notwithstanding Nifty’s lifetime high this week, foreign portfolio investors (FIIs) have remained unenthusiastic in May so far, off-loading Indian equities worth Rs 22,046 crore. In 2024 year-to-date, FPIs have off-loaded stocks worth Rs 19,824 crore. They carried on the trends in May from April in which FPIs sold shares worth Rs 8,671 crore even as the domestic institutional investors have displayed keenness on remaining in the buying side. Commenting on the current selling trends by FIIs, analyst V K Vijayakumar said that what appeared like a trickle in April turned into a flood in May. “FII selling in the cash market was massive at Rs 33,460 crore. This heavy selling was triggered by the massive outperformance of Chinese stocks,” he reasoned. On Friday, foreign institutional investors (FIIs) were net sellers of Indian equities at Rs 944.83 crore versus Rs 2,320.32 buying by the DIIs. “The Hang Seng index, dominated by Chinese ‘H’ stock...

[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...