Axis Securities News Today

India Business News: MUMBAI: Dalal Street bulls were on a rampage on Monday.

Indian shares are likely to open higher on Tuesday as counting of votes in the recently concluded elections were set to begin, led by banks and infrastructure stocks, which analysts said would benefit...

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With Lok Sabha Elections 2024 results approaching, Indian stock market anticipates volatility as benchmarks decline before rising slightly. Experts suggest diversifying portfolios and focusing on quality stocks in sectors like infra, real estate, and manufacturing to cushion against market swings.

Institutional sellers sold up to a 5% stake in CarTrade Tech for around Rs 200 crore through a block deal on Friday, with Axis Securities as the banker. The company has no promoter holding, with a significant portion of shareholding held by institutional shareholders. Mutual funds and foreign portfolio investors held stakes in the company.

Strong fundamentals and reduced government intervention drive a surge in public sector companies

Nifty Auto and Nifty Metal have shown strong performance in 2024 YTD, outperforming the benchmark. Experts favor auto over metals for long-term investment due to growth potential, innovation, and less impact from global factors.

Indian equity markets experienced the highest outflows in Asia so far in May, with FIIs withdrawing $2.89-bn funds. This marks the highest monthly FII outflow since January 2024.

Nifty Midcap index has surged 55.5% in last 12 months compared to Niftys 22.3% gain. Experts caution against market froth in broader markets due to massive run-up. With election results approaching, largecaps could benefit from policy certainty post elections, attracting foreign investors.

NALCO reported two-fold rise in consolidated profit to Rs 996.74 crore for Q4FY24 on the back of lower expenses