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Volatility in Indian markets is expected to intensify, peaking by the last trading day before the announcement of exit polls. Also, a downturn in the global market could dampen the enthusiasm in Indian markets
Cement volume is expected to recover post-elections, supported by robust demand from housing and commercial segments, per the company.
In the upcoming Amfi Semi-Annual Categorisation for the second half of 2024, seven stocks, including Hero MotoCorp and BHEL, are poised to move to the large-cap category from mid-cap. Stellar rallies have propelled their returns over the past year.
The momentum in the Indian markets was fuelled by reports of record GST collections in April. Furthermore, global markets provided support largely driven by strong performance in the US market
JSW Energy Ltd, BHEL, Hero MotoCorp, Bosch, NHPC and Samvardhana Motherson International Ltd may be categorised as largecaps. Stocks such as Berger Paints, Marico, SBI Card, Polycab India are expected to be shifted to the midcap category.