GAGA Share Market News

[hfe_template id='11223'] [ad_1] Foreign portfolio investors (FPIs) seemed to have shrugged-off their selling trends of the last two months turning net buyers as we reach towards the end of the June series. As on June 21, they had bought Indian equities worth Rs 12,170 crore. From the position of being net sellers till last week they came a long way at the end of this holiday-shortened week. In the first week of June they were net sellers of domestic equities at 14,794 crore but narrowed the sale figures to Rs 3,064 crore at the end of the second week. However, their position as a net seller still remains intact for the full year, so far. They have off-loaded equities worth Rs 11,194 in 2024. A break-up of the FPI data since January shows that FPIs were net sellers in January, April and May as they pared down shares worth Rs 25,744 crore, Rs 8671 crore and Rs 25,586 crore, respectively. In February and March they were net purchasers of domestic equities at Rs 1,539 crore...

[hfe_template id='11223'] [ad_1] As exit poll results predict a hat-trick for Prime Minister Narendra Modi in Lok Sabha, the stock market looks poised for a rally on Monday as Nifty bulls are screaming 'Abki baar 24,000 paar'. If the election result on June 4 also turns out to be in favour of Street favourite BJP, analysts see Nifty jumping as high as 24,000 in the next few days. The headline index had ended the week down nearly 2% at 22,531 as FIIs preferred to play safe ahead of the D-Day. As the exit polls result now indicate a clear victory for the NDA alliance with 350+ seats, analysts say it is a shot in the arm for bulls who will trigger a big rally in the market on Monday. "Largecaps in financials, capital goods, automobiles and telecom are likely to lead the rally. The bulls will be further emboldened by the better-than-expected 8.2% growth in GDP numbers which came after market hours on Friday. Technically and fundamentally the market is poised for...