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The expectation of the incumbent government returning to power and ensuring political continuity has led to an optimistic market sentiment.
The US Fed policymakers expressed apprehensions over the rate-cut timeline as inflation remains above the US central bank's 2 percent target, despite cooling significantly.
Market buoyancy continued as Nifty reclaimed record high, gaining over 1.5%. Positive trend expected to persist with banking index adding momentum. Focus on heavyweight stocks advised.
Kotak Bank is suffering from the pains of RBI strictures and until that is sorted out I do not think this stock is going anywhere. So, 1600 was a strong support level that has given way and the stock can get into a vertical fall I think for another 200 points, according to Vinit Bolinjkar, Ventura Securities.
With the 2024 general elections in India ongoing, investors are preparing for market volatility as Prime Minister Narendra Modi seeks a third term. Analysts suggest different strategies, from increasing equity exposure to adding gold and long-tenure debt to portfolios.