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Investors can accumulate Hindalco stock on dips as Novelis expansion progresses, offering potential value creation opportunities.

Investors grappling with the uncertainty of upcoming election results face a tough choice in the bond market. Long-term bonds could see gains amid shrinking G-Sec supply and increasing demand, while short-term debt offers attractive yields and shields against uncertainties. A balanced approach, using a barbell strategy with exposure to both long and short tenures, seems wise. Recommended options include SBI Constant Maturity Gilt Fund and Kotak Banking and PSU Debt Fund for long-term investments...

Kotak Alternate Asset Managers predicts Nifty50 at 24,600, advises caution in small and mid-cap space, and analyzes election impact.

India's record-breaking petrol and diesel consumption in May 2024 driven by Lok Sabha elections and summer vacations.

Initial data from the ongoing Phase 2 trial showed a 12-month overall survival (OS) rate of 69% and median overall survival (mOS) of 17.5 months in patients with previously treated PD-L1-positive

Ashish Somaiyaa, CEO, WhiteOak Capital AMC, on the impact of elections on the market and more

Nifty 50 fell 1.9% last week, with June futures down 1.8% after peaking at 23,271.25. Despite a drop in Open Interest (OI), key support at 22,600-22,650 suggests a possible rebound to 23,000-23,250. A fall below 22,600 could extend to 22,400 or 22,180. For trades, buy Nifty futures at dips to 22,800, with a stop-loss at 22,550 and target of 23,250. Bank Nifty ended flat but is bullish above 48,900, potentially rising to 50,000-50,500.

IMD acknowledges malfunctioning sensor reporting 52.9 Degree Celsius in Delhi, plans to examine and replace faulty devices.

The dollar index is range-bound between 104 and 105.50, with mixed near-term outlook. A break below 104 could push it to 103-102.50, while above 105.50 it could reach 106.50-108. US 10-year Treasury yield has dropped to 4.5%, potentially falling to 4.3%. The euro could rise to 1.0950-1.10 if it stays above 1.0780-1.0760, but may fall to 1.07 if it breaks below. The Indian Rupee could weaken to 83.55-83.60 or recover to 83.30-83.20, influenced by General Election results.

India's GST collections hit Rs 1.73 lakh crore in May, driven by domestic transactions, with 10% YoY growth.