Dalal-St is banking on reforms. No matter who takes the cake, the reform process should not falter. A win for the ruling BJP would ensure smooth functioning.
The Nifty50 reclaimed its crucial psychological level of 8,950 supported by gains in realty, power, oil & gas, metal, consumer durable, and capital goods stocks.
Some analysts think they State election results be a precursor to the 2019 general election and bear proof of the popularity of the Modi government.
Ahead of key events, the market is usually in a positive consolidation mode. India VIX continues to be subdued, said Amit Gupta of ICICI Securities.
The market has moved in one straight line from the December lows and any correction due to US Fed policy stance or UP elections should be bought into.
The Nifty50 was trading around its crucial support level of 8,900 weighed down by losses in IT, power, oil & gas, metal, banks, and telecom stocks.
MACD is one of the most effective trend-following momentum indicators, which can be used to spot a change in the short-term trend of the market.
The women, who manage around Rs 2,00,000 crore of investor wealth on D-St, have been fairly consistent in delivering returns across market cycles.
Nifty50 inched higher, trading closer to its previous 52-week high of 8,992.50, supported by gains in power, oil & gas, consumer durable and auto stocks
Reliance Industries is most likely to outperform the benchmark indices this year and bring an end to the underperformance seen of the last eight years.
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