Ashwin Ramani News Today

In Bank Nifty as per experts, a pullback towards the 48,500 zone presents a good buying opportunity for short-term traders.

Markets open flat amid global weakness, focus shifts to election outcome, Nifty futures indicate marginal gain.

Expect volatility in domestic markets due to weak global cues, F&O expiry, and escalating tensions in West Asia.

Ashwin Ramani, a Research Analyst at Samco Securities Limited, highlights key sectors that could benefit from the BJP's reelection based on insights gleaned from the party's manifesto.

The markets mood is expected to remain upbeat, albeit highly volatile, as it approaches the exit poll as well as the general election results, according to experts.

Sensex/Nifty50 Updates: Analysts anticipate flat market opening with focus on interest rate cuts, US data, and ongoing earnings season for investors

Share market: Friday's market fall came ahead of the release of the US non-farm payroll data. Investors booked profit and there was a degree of caution, said Vinod Nair, Head of Research, Geojit Financial Services.

Sensex and Nifty hit new peaks before crashing, with Nifty falling 446 pts and Sensex dropping 1,628 pts from their respective highs. Market experts view the correction as healthy and expect bullish momentum to continue. All sectors experienced significant losses with India VIX surging over 10%.

A short build-up was seen in 52 stocks, including HCL Technologies, Birlasoft, Dr Reddys Laboratories, Coforge, and Navin Fluorine International.

Nifty up move is unlikely unless Call writers exit from the 22,500 strike. This level is likely to act as a major hurdle for the index.