US Stock Reports, Quotes and News
Investors are closely monitoring India\’s elections, with low voter turnout and betting market predictions fueling uncertainty. Sensex is down over 1,700 points this month. Analysts assess potential market reactions to different election outcomes, from outright BJP victory to coalition scenarios.
Aveek Mitra of Aveksat Financial Advisory strategizes for post-election investments, considering policy changes, Budget implications, and real estate opportunities in the MMR region for long-term growth. Mitra says: \”We have built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result.\”
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Aashish Somaiyaa, CEO of White Oak Capital AMC, discusses market behavior amidst economic momentum and upcoming elections. He reflects on historical market reactions to changes in leadership, emphasizing the market\’s preference for continuity during strong economic momentum. Somaaiyaa also says he has never seen a bubble where Nifty CAGR across time horizons is 14-15% compounded.
Nitin Raheja discusses market reactions to past elections, current nervousness, and potential investment strategies in various sectors amidst election uncertainties and market corrections.
Srivastava notes market stability as potential start of election rally with low VIX indicating low market expectations. Anticipates positive market movement post-election outcome, highlighting potential opportunities in private banks like Kotak Bank amid market consolidation.
Daily cash turnover slipped below $13 billion last week compared with a peak of $17 billion in February, data compiled by Bloomberg based on 20-day averages show.
Naveen KR expects robust stock market performance in FY25 if election outcome aligns with public opinion. He is bullish on gold and PSU stocks, skeptical about market return moderation despite high valuations and strong earnings growth. He believes that the business fundamentals for mid and small cap companies are pretty strong.
By Krishn Kaushik, Praveen Paramasivam and YP Rajesh
Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian equities have risen to records this year following a rally driven by robust economic growth.
Swaminathan Aiyar critiques the BJP manifesto for lacking major structural reforms in critical areas like education and employment. Modi\’s focus on continuity and scaling up existing programmes is highlighted, with no significant tax cuts expected. Aiyar sayse the BJP is so confident that it does not think it has to compete in freebies. This is a very positive thing from the point of view of investors.