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Indian stock market hit record highs as the Sensex crossed 76,000 and the Nifty 50 breached 23,100. Nifty 50's current PE is 21.9, slightly below its one-year average. Experts warn of overvaluation but predict sustained growth if election results align with expectations.
Indian stock market benchmarks, Sensex and Nifty 50, trade cautiously as Lok Sabha election 2024 outcome nears. Volatility persists in May. Experts do not expect major correction till election outcome on June 4.
Lok Sabha election results 2024: Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. A few days back, Union Home Minister Amit Shah asked investors to buy the dip before June 4, 2024, as the market will shoot up after that. Now the question is what should investors do till the election results are out? Is it time to accumulate more stocks or avoid the volatility and play it safe? Find out here
A couple in their 50s, Sandeep Raina and his wife, were injured in a hit-and-run incident while walking outside their society in Greater Noida West. The police have identified the vehicle and are close to arresting the accused driver. The injured couple is currently undergoing treatment and is reported to be in stable condition. An investigation is underway to trace the driver of the errant vehicle.
Indias stock benchmarks jumped over 1% on Monday, led by gains in bank shares after ICICI Banks better-than-expected fourth-quarter results. Analysts said the market may be on course to scale records though the spike in the Volatility Index or VIX, a fear gauge, shows that traders see risks to equities at current levels.