Valuations turn rich as market gets into overbought zone - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
As general elections near, option prices will likely remain low also due to better price discovery and decoupling from global equities. India has shifted from being a high beta market to now being independent of the US markets.
The domestic equity markets are expected to extend gains following the strong showing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections - a crucial precursor to the general elections in May.
The BJP decisively secured victories in three of the four key states - Madhya Pradesh, Rajasthan, and Chhattisgarh.
While the battles in these three states were closely contested, the scale of the BJP s triumph has surprised many, heightening expectations for regime continuity in 2024 - a positive catalyst for the markets.
Geopolitical situation, Fed action to weigh on returns in Samvat 2080 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.