The raging bull market has resulted in increasing faith in narratives and myths and declining focus on numbers and facts, said Kotak Institutional Equities in its July strategy report.
Kaya stock update: In the past one month, the market price of Kaya has zoomed 73 per cent and the stock had hit a 52-week high of Rs 515.85 on June 24.
Analysts believe there is more room for an upside going ahead, but investors need to be patient as it will not be a runaway rally for the markets from here on.
According to the available data, domestic institutional investors (DIIs) have pumped in Rs 2.3 trillion in the Indian equities during H1-CY24. 37 mid, smallcap stocks have doubled during this period
Analysts caution that the sharp rally in SME stocks makes them a risky proposition at current levels, and also highlight the inherent risk associated to such investments.
The fastest addition of 5,000 points came from August 13, 2021, to September 24, 2021, when Sensex moved from 55,437 to 60,048 in 28 days
Market regulator, the Sebi on Thursday announced a framework for special call auctions with no price bands for price discovery of investment holding companies.
The faith in the market is at epic levels and may require something equally epic to break the faith. High or even bubble valuations are irrelevant for non-institutional investors, said a KIE note
Stock market Highlights on Thursday, June 20, 2024: Among sectors, the Nifty Metal index edged 1,8 per cent higher, the Nifty Realty 2 per cent, and the Nifty Private Bank 1.16 per cent
Stock market Highlights today, June 18: The m-cap of all BSE listed companies settled at Rs 423 trillion or $5.24 trillion
Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.
Stocks to Watch today, June 10: Reports suggest BCP Topco IX Pte, an affiliate firm of Blackstone Group, will likely sell up to 15 per cent stake in Mphasis via block deals on Monday
Ambitious targets were tactfully set by BJP to ward off complacency among the BJP and NDA cadre; it had become a talking point in the absence of the strong wave, as seen in 2014 and 2019: JM Financial
On the technical front, too, analysts remain bullish on the markets and suggest the Sensex is set to reach higher levels in the months ahead.
The exit poll might have reduced some nervousness in the market, but it still remains reasonably high, given the current IVs. Only after India VIX falls back to normal levels,things shall get even.
Sensex, Nifty on June 3: Exit polls released after the last phase of voting on June 1, 2024, unanimously predicted the clear majority for the ruling Bharatiya Janata Party
However, in case, the BSE Sensex is unable to break past the 76,275 level, we may enter a consolidation range, wherein the support at 72,240 becomes a crucial level.
Lok Sabha elections: Stability and continuity of the reform and growth-led agenda of the NDA government is what markets want
Stock Market Highlights on May 31: Sensex, and Nifty indices closed up to 0.19 per cent higher ahead of exit polls, Q4FY24 GDP data
Pre-market update for Indian stock markets, May 22, 2024: From global markets to FII flows to IPO alert, here is a complete guide on what all investors need to know before the Opening Bell