Page 2643 - Markets News
Elections & markets: Challenges for Modi 2.0 and key investment themes
Market veterans have called for improvement in ease of doing business and policies to encourage FDI flows to invest in long-gestation infrastructure projects and recapitalise financial firms.
 "Elections & markets: Challenges for Modi 2.0 and key investment themes")
Markets end lower despite Modi sweep, Sensex sheds 1,300 pts from 40k mark
Profit-taking emerged at higher levels amid weak global cues as investors had largely priced-in NDA victory after the exit polls, said experts
 "Markets end lower despite Modi sweep, Sensex sheds 1,300 pts from 40k mark")
Oil prices plunge over 5% to $67 as US-China trade tensions intensify
Around 11.20 pm (IST), Brent crude was down $3.62 a barrel at $67.37
 "Oil prices plunge over 5% to $67 as US-China trade tensions intensify")
BJP's victory to improve biz sentiment, boost pvt investment: Fitch
The BJP-led NDA will form the government at the Centre for the second successive term with absolute majority
 "BJP's victory to improve biz sentiment, boost pvt investment: Fitch")
Should you buy gold at the current levels? Here's what experts suggest
Gold is in oversold territory in short-term, as it has crashed from Rs 32,538 to Rs 31,300 in six trading sessions
 "Should you buy gold at the current levels? Here's what experts suggest")
Four reasons why you should buy Bajaj Auto May Future in trade today
The stock is trading above its 5, 20 and 200-day simpole moving average (SMA), indicating that the counter is in an uptrend for all the time frames
 "Four reasons why you should buy Bajaj Auto May Future in trade today")
L&T, SBI: Stocks Anand Rathi Research recommends buying at current levels
As regards SBI, Jay Anand Thakkar of Anand Rathi says that the stock is trading well above its short-term as well as medium-term moving averages. His target for the counter is Rs 375
 "L&T, SBI: Stocks Anand Rathi Research recommends buying at current levels")
Goldman sets Nifty target at 12,500; wants govt to carry out 4 key reforms
Goldman Sachs also expects the banking system's liquidity situation to normalise as currency in circulation reduces and potential liquidity operations are carried out by RBI
 "Goldman sets Nifty target at 12,500; wants govt to carry out 4 key reforms")
Market direction to depend on steps taken to accelerate growth: Nilesh Shah
Changing the orbit of Indian GDP growth from current 7 per cent to a higher level is what markets are expecting from the new government
 "Market direction to depend on steps taken to accelerate growth: Nilesh Shah")
Sensex hits 40k; dips 1,314 pts from high by close; Nifty holds 11,650
During the day, Sensex and Nifty hit the levels of 40,000 and 12,000, respectively, for the first-ever time
 "Sensex hits 40k; dips 1,314 pts from high by close; Nifty holds 11,650")
Market Wrap: Sensex plunges 1,313 pts from record high on profit booking
Sectorally, all the indices on NSE, except Nifty Media and Realty, settled lower at the day's end, with Nifty FMCG bleeding the most 1.7 per cent, followed by Nifty Metal 1.48 per cent
 "Market Wrap: Sensex plunges 1,313 pts from record high on profit booking")
Election outcome is a positive; investors should not rush to buy: U R Bhat
There should be a mild correction over the next few sessions and then a consolidation phase will set in, albeit with a negative bias.
 "Election outcome is a positive; investors should not rush to buy: U R Bhat")
Markets will go up if the govt can kick-start the economy: Andrew Holland
The growth is slowing and the trade war is becoming a lot more than what it initially was. So, India will be seen as a safe haven in the global context.
 "Markets will go up if the govt can kick-start the economy: Andrew Holland")
Adani Group shares rally; Adani Ports, Adani Enterprises hit 52-week highs
In the past four trading days, the stock of Adani Enterprises has zoomed 52 per cent from level of Rs 119 on Friday
 "Adani Group shares rally; Adani Ports, Adani Enterprises hit 52-week highs")
'Market rally post BJP win offers a good opportunity to rejig portfolio'
Valuation is stretched for Indian equities but if you look at the global markets, the valuations have gone up YTD for almost all markets, says Jitendra Gohil of Credit Suisse Wealth Management.
 "'Market rally post BJP win offers a good opportunity to rejig portfolio'")
A look at Sensex's 13-year journey from 10,000 to 40,000 levels
The Sensex, as it was known then, crossed over to the five-figure level - the 10,000-mark - for the first time on February 6, 2006. It took the index over 13 years to hit the 40,000 levels.
 "A look at Sensex's 13-year journey from 10,000 to 40,000 levels")
Morgan Stanley sees Sensex at 45,000; Nifty at 13,500 by June 2020
On Thursday, the Narendra Modi - led National Democratic Alliance (NDA) was seen sweeping to power for the second consecutive term
 "Morgan Stanley sees Sensex at 45,000; Nifty at 13,500 by June 2020")
Elections 2019: How BJP's impending victory has surprised even the bulls
The opposition United Progressive Alliance, led by Rahul Gandhi's Congress party, was leading in 111 seats
 "Elections 2019: How BJP's impending victory has surprised even the bulls")
IndusInd Bank surges 18% from Wednesday's low post Q4 results
The bank reported 62 per cent fall in net profit at Rs 360 crore for Q4FY19 due to higher provisioning for loans extended to IL&FS. It had a profit of Rs 953 crore in the year-ago quarter
 "IndusInd Bank surges 18% from Wednesday's low post Q4 results")
Stock calls by Tradebulls Securities: Buy Hero MotoCorp, Hindustan Unilever
Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.
 "Stock calls by Tradebulls Securities: Buy Hero MotoCorp, Hindustan Unilever")