For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.

Equity markets react negatively to Lok Sabha election results, but bounce back post 5 days and 1 month. Past data shows Sensex stabilizing and gaining after elections, with small and midcaps outperforming large caps. Benchmark returns stabilize post general elections regardless of counting day performance. JM Financial notes positive market returns on sectoral basis 6 months post results.

Aimtron Electronics debuted on the NSE SME platform with a 49.7% premium through a successful IPO. The company provides tailored solutions for electronic system design and manufacturing services globally.

On June 5, the closing prices of these three stocks from Nifty500 dropped by more than 2% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.

For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.

After enduring their most significant single-day decline in four years, benchmark indices Sensex and Nifty both surged by over 3% each. This impressive rebound was fueled by substantial value buying from investors, particularly as NDA alliance partners initiated discussions on government formation.

Goswami Infratech's NCDs yield surged to 22% due to SP Group's debt raise, linked to SIPL's interest rate, triggering early redemption event, approved for extension until Sept 2024.

The US benchmark oil contract, WTI, traded below $74 per barrel on Wednesday amid expectations of a supply boost later in the year as OPEC+ begins to unwind some output cuts. Brent futures similarly declined to $78 a barrel. As crude oil prices decline, stocks in the paints, rubber, plastic, and chemicals sectors stand to benefit. According to StockEdge data, here is a list of stocks that are expected to gain from the drop in crude oil prices:

India's market valuation may decrease due to potential increase in government spending on social welfare schemes. Nifty 50 index trades at 19 times forward earnings, 20% above its long-term average, while S&P 500 and Taiwanese benchmark index are also highly valued.

Japan's Nikkei share average rose over 1% on Thursday, led by Tokyo Electron and other chip-related stocks tracking U.S. peers higher.

Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.

Vedanta's demerger aims to create distinct businesses for better market maneuverability. Credit rating agencies assign strong ratings to Vedanta's debt instruments.

SBI's board of directors to meet on June 11 to consider raising up to $3 billion through foreign currency bonds issued abroad.

Nvidia's stock price has more than doubled this year, making it the third most valuable company in the S&P 500. The company is set to undergo a stock split, giving investors nine additional shares for every one they own.

Domestic stocks saw a significant bounce back as confidence surged following the reconfirmation of the NDA's third consecutive term in government. Yashovardhan Khemka, Senior Manager of Research & Analytics at Abans Holdings, noted that in the short term, the market will likely stay fixated on government formation, particularly watching for key cabinet appointments in Finance, Defense, Roads, Energy, Commerce, and Railways.

SBI's board of directors to meet on June 11 to consider raising up to $3 billion through foreign currency bonds issued abroad.

S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.

Sebi proposes raising the threshold for basic service demat accounts to ₹10 lakh from ₹2 lakh, aiming to ease the financial burden on retail investors by reducing the cost of maintaining securities in demat accounts.

Infrastructure, mid-cap, and smallcap mutual funds delivered high returns during Modi government's second tenure from May 2019 to June 2024, fueled by rising PSU stocks in segments like railways and defence.

Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.

Sebi mandates direct transfer of securities to demat accounts by clearing corporations to protect clients' assets. A Balakrishnan from Geojit Financial Services praises the move for enhancing security, ease of margin trading, auto pledge for funded stocks, effective from October 14, improving the margin trading facility.

Investor money is shifting to defensive shares like FMCG, healthcare, and information technology following the lower-than-anticipated seats for the BJP in recent elections. Marico, Godrej Consumer, Nestle India, ITC, Britannia, HUL, and Dabur saw significant gains. The Nifty and NSE FMCG Index also rose.

Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.

India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.

Indian equity markets are witnessing dynamic movements with substantial swings. Shares of BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles, and others will be in focus today. Updates on Force Motors, Bharat Heavy Electricals Limited, Uno Minda, NBCC, and Coal India. News on Mirzapur Thermal Energy, Sun Pharma Advanced Research Company, Inovance Automotive, Birla Estates, and Takeda Pharmaceuticals.

Nasdaq hits record intra-day high on tech rally, fueled by gains in Microsoft and Amazon. Investors remain cautious, weighing economic concerns against the possibility of earlier Fed rate cuts.

In a letter to Sebi chief Madhabi Puri Buch, TMC MP Saket Gokhale highlighted that while multiple exit polls predicted a landslide victory for the BJP, one exit poll reported "extremely strange" and "inflated seat numbers" for the party in several Indian states. This led to a sharp surge in the stock market on June 3.

Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.

The unexpected election results and resulting uncertainty have triggered market jitters, reminiscent of similar situations in 2004 and 1991

Nearly half of the Nifty 50 constituents currently trade at a premium to their historical averages. Among major global indices, the S&P 500 trades at a forward price-earnings (P/E) of 20.6, 29% higher than the long-term average

Rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3% each on heavy value buying by investors after NDA alliance partners started talks on government formation. The 30-share BSE Sensex jumped 2,303 points to settle at 74,382 on value buying in banking, auto and oil shares. The NSE Nifty climbed 736 points to 22,620.35 with all its constituents ending with gains. "Nifty moved above the crucial hurdle of mid part of Tuesday's long range bear candle around 22,250 on Wednesday and closed higher. As per this theory, the next crucial hurdles to be watched are around the upper part of that candle, around 23,200 levels. The volatility is expected to continue for the short term and immediate support to be watched at 22,300 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 4 stock recommendations for Thursday:

Kerrisdale believes the introduction of low-fee bitcoin ETFs is more beneficial to investors over owning shares of a company such as Riot, which has seen a steady decline in bitcoin holding and production per share.

The pressing question right now is: When will Sensex and Nifty return to their pre-election levels? For the latest predictions, watch this full video.

Nifty saw a gap-up opening on Wednesday and call writers (bears) are seen exiting with additional PUT writers at all strikes from 21,500 until 22,200. This, analysts believe, led to the sharp recovery in the 50-stock index.

The proposed change seeks to streamline operations and mitigate risk by directly crediting securities payouts to clients' Demat accounts, bypassing the broker's pool account.

The Dow Jones Industrial Average rose 63.53 points, or 0.16%, at the open to 38,774.82. The S&P 500 opened higher by 23.14 points, or 0.44%, at 5,314.48.

Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs). The regulator categorised material changes notified by FPIs into two groups.

Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.

Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:

Heritage Foods soared 20%, while Amara Raja soared nearly 13% as both companies have TDP connections. Amara Raja's Managing Director Jay Dev Galla was a former MP from the party, while Heritage Foods was promoted by Nara Lokesh, son of party chief Chandra Babu Naidu.

The trading volumes shot up today as markets found their nerve following a disastrous Tuesday session with the headline index Nifty settling at 21,884.50, down by 1,379.40 points or 5.93%.

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Wednesday decided to make the process of direct payout of such securities to the client's account mandatory. This will become effective from October 14, the Securities and Exchange Board of India (Sebi) said in a circular.

It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.

JP Morgan categorized 25 stocks as 'overweight' post the Lok Sabha election results. It recommend positioning for potential spot-up and volatility-down scenarios

Banking stocks stage a significant rebound, recording the largest gains in over three years, led by HDFC Bank, Bandhan Bank, and IndusInd Bank. Market confidence rises amid support for the BJP from allies and short covering.

Markets rebounded on Wednesday after a steep decline, but experts warn of a possible 10% correction. With PM Narendra Modi set to take oath on June 8, market assurance remains a key factor.

Nifty FMCG jumped 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%. The market capitalisation of all listed companies on the BSE surged by Rs 13 lakh crore to Rs 407.8 lakh crore.

PhillipCapital predicts positive trends with BJP's potential return to power. Top stock picks recommended by the brokerage include ICICI Bank, SBI, Infosys and others.

India VIX fell below 20 on Wednesday amidst election outcome favoring NDA with a comfortable majority. Modi 2.0 government held its last cabinet meeting amid positive market sentiments.

Indian headline indices surged in volatile trading on Wednesday as investors digested a narrow win for Prime Minister Narendra Modi's alliance and awaited more updates on the new government's formation. Meanwhile, five largecap stocks from the Nifty500 index reached new 52-week highs in today's trading session. Here's the list: