Should the recent stock market volatility be probed? | Explained
6 months, 1 week ago

Should the recent stock market volatility be probed? | Explained

The Hindu  

The story so far: The Indian stock market witnessed extreme volatility right after the release of the exit poll results earlier this month and on June 4 when the results of the latest Lok Sabha election were declared. Prior to the exit poll results, the Prime Minister and the Home Minister had made statements encouraging investors to buy stocks before June 4 in order to benefit after the election results. The Congress has alleged that Mr. Modi and Mr. Shah deliberately made comments exhorting retail investors to purchase stocks before the day of the election results and that this was an attempt to manipulate the market to favour certain foreign investors. According to him, the PM’s statements encouraging investors to buy stocks before June 4 would have benefited these foreign investors who managed to load up on stocks before the exit poll results gave a sharp 3% bump to the stock market on Monday. NSE data appeared to back this contention as it shows the umbrella category of ‘retail investors’ were net sellers of stocks on May 31 and June 3, when the market rose, while they were net buyers of stocks worth ₹21,179 crore on June 4, when the markets crashed.

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History of this topic

How (not) to read market swings in the poll season
6 months, 1 week ago

How (not) to read market swings in the poll season

Hindustan Times  

Did something suspicious and worrying happen on the National Stock Exchange between May 31 and June 4? The National Stock Exchange of India Ltd. building in BKC, Mumbai First, “the value of shares bought and sold” on the NSE on May 31 was double the previous day’s tally. “Surely, it cannot be a mere coincidence that an extremely rare event …

India election: Why Modi’s narrow win sent the stock market tumbling
6 months, 2 weeks ago

India election: Why Modi’s narrow win sent the stock market tumbling

Al Jazeera  

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Sensex, Nifty hit all-time high as exit polls predict massive win for BJP-led NDA
6 months, 3 weeks ago

Sensex, Nifty hit all-time high as exit polls predict massive win for BJP-led NDA

The Hindu  

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6 months, 3 weeks ago

Huge stock market rally expected on June 4? What brokerages advised ahead of Lok Sabha election results

Hindustan Times  

The BSE Sensex and the NSE Nifty were at fresh record highs today which added nearly ₹12 lakh crore to the BSE market capitalisation as almost all exit polls predicted the BJP-led NDA's seat wins in the 350-400 range. This comes after stock market investors trimmed expectations on BJP or NDA seat counts owing to lower turnout in the first …

Stock market ahead of Lok Sabha elections: Why foreign investors sold more and more Indian shares amid low voter turnout
6 months, 3 weeks ago

Stock market ahead of Lok Sabha elections: Why foreign investors sold more and more Indian shares amid low voter turnout

Hindustan Times  

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over Prime Minister Narendra Modi’s party winning fewer seats in the ongoing national elections than previously estimated, due to a dip in voter turnout, Bloomberg reported. Foreign investors dumped 1 billion USD worth of Indian shares in April, and another 4.2 billion in May, pushing …

Market rally and poll expectations
6 months, 3 weeks ago

Market rally and poll expectations

Hindustan Times  

The BSE Sensex, India’s benchmark equity market index, crossed yet another new benchmark of 76,000 during intra-day trades on May 27. PREMIUM FILE PHOTO: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo It is a given that equity markets will react …

Lok Sabha polls 2024: Should you buy Indian stocks on dip? What JPMorgan says
8 months ago

Lok Sabha polls 2024: Should you buy Indian stocks on dip? What JPMorgan says

Hindustan Times  

Swings in Indian stocks during the polling cycle in Lok Sabha elections should be seen as an opportunity to buy, JPMorgan Chase & Co.’s private banking unit said. This comes as India kicks off nationwide polls from today with votes to be counted on June 4 ahead of which Indian equities rose to record high this year owing to a …

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