Following the total market capitalisation of all BSE listed firms falling more than 7.5 lakh crore in the single session of Thursday, investors are now worried as to whether they should remain invested in the market or exit until this period of high volatility stabilises once the crucial general election results are out in the first week of June.
India's equity market benchmarks BSE Sensex and NSE Nifty-crashed about 2% each last week as the street now fears that a third term for the Prime Minister Narendra Modi-led NDA government may not be as decisive as initially expected. This concern is exaggerated by a lower voter turnout and the domestic market's premium valuation led to high outflow of funds by foreign institutional investors.
Anirudh Garg, Partner and Fund Manager at Invasset said that the expectations regarding the 2024 general elections result are inherently ambiguous, as they can vary significantly from person to person and from region to region. "However, from a broader market perspective, I believe there would be a positive reception if a stable BJP government were to continue at the centre," he added.
Bu hikaye The New Indian Express dergisinin May 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The New Indian Express dergisinin May 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Simulating Market Impact Of Election Results
I do not claim to be a political soothsayer or expert by any yardstick, and my area of limited domain expertise remains the financial markets.
PM: Attempt To Tinker With Quota For SC/STS
Modi Tocuses on eastern UP constituencies that vote on June Centre didn't help during Himachal floods: Cong | PRIME Minister Narendra Modi on Sunday said that the INDIA bloc parties are conniving to snatch the reservation of SCS, STs and OBCs guaranteed by the Constitution of India, by altering the provisions and making it religion-based to appease their vote bank.
Hamas Ups The Ante By Firing Eight Rockets Into Israel
IDF says a number of projectiles, which came from Rafah, were intercepted. No immediate reports of casualties or damage in what appeared to be a long-range attack since January
J&K's Record Voting Of Over 58% Signals People's Trust In System
IN the first major electoral exercise after Article 370 abrogation and bifurcation of erstwhile J&K state into two Union Territories, Jammu and Kashmir has recorded the combined poll percentage of 58.11% for the five parliamentary seats in the Union Territory, which is the record highest voter turnout in last 35 years.
Emmanuel Macron In Germany Is First State Visit By A French Prez In 24 Years
PRESIDENT Emmanuel Macron on Sunday started the first state visit to Germany by a French head of state in 24 years, a three-day trip meant to underline the strong ties between the European Union's traditional leading powers.
All You Want To Know About KYC Rule Relaxation For MF Investors
Now, investors can continue to put in their hard-earned money into mutual funds without presenting additional documents to the fund house or unit registrar BENN KOCHUVEEDAN @Mumbai AS part of its efforts to increase "ease of investing", the capital markets watchdog Sebi early this month did away with two cumbersome KYC requirements, both for the mutual funds sector.
Bengal Braces For Heavy Rains As Cyclone Remal Makes Landfall
CYCLONE Remal intensified into a 'severe cyclonic storm' and made landfall between West Bengal and Bangladesh coasts on Sunday night with wind speeds ranging from 110120 km per hour and gusts reaching up to 135 kmph, the India Meteorological Department (IMD) said.
First look out for Karthi's Vaa Vaathiyaar
WE had earlier reported that Karthi has joined hands with director Nalan Kumarasamy for his 26th film.
A GIANT LEAP FOR INDIAN CINEMA
Mail us: cityexpresschn@gmail.
Breaking stigma, building hope
VANSHIKA JAIN You are not alone\".