Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.

Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.

Domestic brokerage firm Prabhudas Lilladher expects continuation of policy if NDA comes back to power and themes around infra, defence, consumer goods, new energy, tourism among others to continue doing well.On the other hand, consumers, 2-wheelers and tractors can get a boost from green shoots in rural demand and expectations of normal monsoons.Here’ a list of sectors along with the sectoral top picks that will have a positive impact on NDA’s return, as suggested by Prabhudas Lilladher:

In today’s special trading session, 21 stocks among the Sensex closed in green while 9 were in red. day's trading session, five stocks saw top short covering. Here's the list:While S&P Sensex closed 0.12% higher at Rs 74,006, the 50 company index Nifty-50 closed 0.16% higher at Rs 22,502.Here are the stocks that saw action today:

Domestic brokerage firm Prabhudas Lilladher expects continuation of policy if NDA comes back to power and themes around infra, defence, consumer goods, new energy, tourism among others to continue doing well.On the other hand, consumers, 2-wheelers and tractors can get a boost from green shoots in rural demand and expectations of normal monsoons.Here’ a list of sectors along with the sectoral top picks that will have a positive impact on NDA’s return, as suggested by Prabhudas Lilladher:

Indian stock market ended positively with Sensex above 74,000 and Nifty crossing 22,500, buoyed by global markets. Nestle India, JSW Steel, and Zee Entertainment Enterprises saw notable movements.

After the recent phase of the volatility, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth as more number of stocks were able to inch upward. But this is not enough to say the volatile phase is over. At this point of time, one cannot rule out more profit booking ahead of election results. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned and keep a long term perspective. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.

IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.

Popularly recognized by his pen name Adam Smith, the renowned American author and market commentator George Goodman famously described investing as a game, with its primary rule being to make money and avoid losses.

Shares of BKT surged 5% on Saturday to its fresh 52-week high of Rs 2,798.95 supported by the company’s solid fourth quarter performance. Its net profit soared 88% while revenue jumped 16% to Rs 2,697 crore on the back of a sales volume of 82,085 MT.

Trading during elections requires careful consideration of market sentiment, potential volatility, and specific trading strategies to navigate the uncertainties associated with such events. Here are 5 trading strategies that can help in this market: (Source: Stock Edge)

ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.

Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.

The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.

​Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over 4% in April, is now up 11% year-to-date.

Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.

Sensex today: Saturday market is likely to witness low volumes as it's a special trading day as part of a disaster recovery exercise. The session is divided into two parts — from 09:15 am to 10 am and 11:45 am to 12:40 pm.

The Nifty FMCG Index has risen 1.5% so far in May, beating the benchmark NSE Nifty 50 Index by more than two percentage points. It underperformed in each of the previous six months.

Equity cash and derivative markets will hold special trading sessions on Saturday, marking the third occurrence of such Saturday sessions this year. Previous instances took place in January and March.

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Vodafone Idea (Vi) CEO Akshaya Moondra discussed the telco's strategy to address government dues, including further conversions into equity and utilizing internal accruals. With obligations towards spectrum and AGR payments, Vi aims to leverage these methods before the moratorium ends in September 2025. Moondra also emphasized the viability of tariff hikes post-elections, highlighting the essential nature of mobile services. Vi is actively planning 5G rollouts, aiming for key city deployments over the next six months.

The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government's treasury bill sales and introducing a new selection of bonds for the Centre's buyback operations. This move aims to alleviate cash constraints for banks, which have been exacerbated by muted government spending during the ongoing general elections. By reducing the supply of treasury bills and offering bonds for repurchase at acceptable prices, the RBI seeks to inject liquidity into the banking system and ease borrowing costs for banks.

​​Trading will occur in two sessions—first, from 9:15 am to 10:00 am, and second from 11:30 am to 12:30 pm. Traders will be allowed to place only delivery trades, with no intraday trading permitted.

ZEE Ltd has reported a net profit of Rs 13.35 crore for the quarter ended March 2024, compared with a loss of Rs 196 crore in the same quarter of last year.

The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.

RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.

The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court's ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer.

The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructuring options. It underscores the need to find ways to better integrate CRAs into the debt relief process paving the way for sustainable solutions for LMICs.

Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.

The S&P 500 and Nasdaq were on course for a fourth straight week of gains, while the blue-chip Dow was on track for its fifth weekly advance, supported by strong quarterly results and slowing inflation data that has bolstered the case for rate cuts from the Federal Reserve. All three main indexes touched record highs on Thursday and the Dow briefly crossed the 40,000 milestone, before reversing gains and closing in the red.

Both equity cash and derivative markets will conduct special trading in two sessions on Saturday. This is the third instance of such Saturday sessions this year — the previous two being in January and March.

The market valuation of Mahindra & Mahindra hit the Rs 3.12 lakh crore-mark for the first time on Friday, as the company's shares touched 52-week high on the bourses.

India's blue-chip stock indexes logged their best week since early February on Friday, led by metal stocks, while sustained domestic buying cushioned persistent foreign outflows.Both the NSE Nifty 50 and S&P BSE Sensex gained about 2% this week — their best since the week ended February 2.Twelve of the 13 major sectors logged weekly gains, rising between 0.5% and 6.6%.Metals surged 6.6%, helped by a cooling US inflation, which led to a moderation in US dollar, and top consumer China's steps to allow local governments to buy some apartments and relax mortgage rules."The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels in the next few sessions. Immediate support is at 22,320," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates.

Franklin Templeton Mutual Fund house had assets under management of Rs 94,914 crore as of April 2024. It manages 39 mutual fund schemes. Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April, according to monthly data released by Prime database.

Both equity cash and derivative markets will conduct special trading in two sessions on Saturday. This is the third instance of such Saturday sessions this year — the previous two being in January and March.

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Retail darling GameStop slumped 24% on Friday, after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme stocks frenzy that took hold this week.

British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

After recouping losses of previous week, Nifty is now targeting to reclaim the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels.

The Dow Jones Industrial Average rose 42.34 points, or 0.11%, at the open to 39,911.72.

Sometimes, what might appear to be negative development might actually be a sign that the worst is behind the sector. Fertilizer as a sector, both in the business and valuation side has been under performer. The fact is that in the last nine, the government has been making changes in policies which brings this sector out of the clutches of high government subsidy and other age old issues plaguing the sector. Now unlike other sectors like railways where putting more money or making few policy changes has helped the sector, fertilizer is a more complex sector and is bound to take more time for getting the house in order. A balance has to be maintained so that while the operating matrix of the industry improves but at the same time, neither the supply should get disrupted, nor the prices of fertilizer should see a jump to the farmer. What needs to be watched is when companies show the impact of all that has been going on in the sector, sooner or a bit later. To be fair, everything has not been a smooth ride for these companies. But then who says that transition for good is painless.

Nifty has 50 stocks which are selected based on a free-float m-cap weighted method, wherein the level of the index reflects the free-float m-cap of all stocks in the barometer. HDFC Bank has the highest weightage in Nifty at 11.48%, followed by RIL, ICICI Bank, Infosys, and L&T

India markets closed in the green for three consecutive days. Realty, auto, metal and consumer durable stocks saw considerable buying action. Godfrey Phillips and Dixon Technologies hit fresh record highs.

Delhivery Q4 Results: The logistics player registered 13% growth in its revenue for the financial year 2023-24, while its losses narrowed sharply to Rs 249 crore. The company's loss was at Rs 1,008 crore in FY23. EBITDA for the January-March quarter rose to Rs 46 crore versus just Rs 13 crore in the same quarter of last year.

Stating that consumption-led sectors will do better, irrespective of which government comes to power, Amnish Aggarwal gave out a list of 35 stocks like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, consumer durables, and telecom.

M&M was the top gainer, rising 6% as its overall March quarter numbers led to target price hikes and upgrades. JSW Steel, UltraTech Cement, Kotak Bank, ITC, and Maruti also closed higher.

Here's a look at stocks that saw the highest selling by Dalal Street's top investors during the March quarter. (Source: Trendlyne)

Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.