BIG Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024!
Stock Market , Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024: In the run up to the June 4 general election outcome, offshore investors – a key driver for the local equity markets – are providing cues about possible market moves in coming weeks.
Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024 Here’s the key takeaways from ET NOW market experts.
When DIIs and FPIs both become net buyers, “the fund flow changes will be phenomenal.”Sandeep SabharwalExpect stability in the share market as election outcome likely on lines with broad expectation.
Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024: Post election market forecastKunal Bothra8-10% surge if clear majority for BJP on June 4Nooresh MeraniIf clear majority for BJP: 23,000 to 23.500 for NiftyIf weak majority for BJP: 22,800Sandeep SabharwalExpect market rally on majority for BJPIf change in govt: One-day fall could be as much as 15%Sanjiv BhasinDon’t see runaway rallies or falls in market after election result
Reported by : Anurag Joshi Edited by : Prashant Singh Updated May 25, 2024 | 01:25 PM IST 8-10% surge if clear majority for BJP on June 4? BIG Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024!
Stock Market , Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024: In the run up to the June 4 general election outcome, offshore investors – a key driver for the local equity markets – are providing cues about possible market moves in coming weeks. Overseas investors were major sellers from Indian equities and raised net short bets on index futures to multiyear highs in the earlier part of May. This was even as local equity indexes touched record highs ahead of the electoral result.
Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024 Here’s the key takeaways from ET NOW market experts.
Kunal Bothra
Over the past 12 years, there have been many occasions when data on FPI short positions in index futures have been at record levels. However, after such an event, the index shows one of the strongest phases of short covering, as well as V-shaped recovery.
Interestingly, the bottoms which have been made on the indices, after such kind of rare occurrences on the data, become major support and were never tested again.
Nooresh Merani
Foreigners continue to hold considerable short positions in both cash and derivatives. However, we are at a cusp where domestic institutional equity holdings would exceed those of FPIs. When DIIs and FPIs both become net buyers, “the fund flow changes will be phenomenal.”
Sandeep Sabharwal
Expect stability in the share market as election outcome likely on lines with broad expectation.
Sanjiv Bhasin
Global cues and local macros looking positive. There would be a huge bout of covering. Domestic investors will sell heavily once the FPIs enter on new highs for markets.
Stock Market, Nifty Prediction By ET NOW Market Marvels After Lok Sabha Election Results 2024: Post election market forecast
Kunal Bothra
8-10% surge if clear majority for BJP on June 4
Nooresh Merani
If clear majority for BJP: 23,000 to 23.500 for Nifty
If weak majority for BJP: 22,800
Sandeep Sabharwal
Expect market rally on majority for BJP
If change in govt: One-day fall could be as much as 15%
Sanjiv Bhasin
Don’t see runaway rallies or falls in market after election result
