It was a blockbuster day for the Indian market as Nifty50 reclaimed 11400 levels on a closing basis, while the S&P BSE Sensex had a touch and go moment with 38,000. Most experts suggest that the move could be largely led by short-covering ahead of the exit polls which are due on May 19. “Short covering could well have boosted markets today. Friday’s move somewhat indicates that exit poll may be in favour of BJP led NDA government,” Sanjeev Jain, AVP, Ashika Stock Broking told Moneycontrol. “Sharp up move of Axis Bank, Bajaj Finance, Kotak Mahindra Bank, HDFC twins, ITC has rallied the benchmark indices. More than 250-260 seats for BJP may be a big positive for the market. If any single party crosses the 240/250 seat mark, then there would be a significant rally in the market,” he said. Investors’ wealth in terms of market capitalisation on the BSE rose by 1.4 lakh crore in a single session. The average market capitalisation of the BSE listed companies rose to Rs 146.59 lakh crore on May 17 compared to Rs 145.22 lakh crore recorded on Wednesday on the BSE. The final tally on D-Street – the S&P BSE Sensex rose 537 points to 37,930 while the Nifty50 rallied 150 points to close at 11,407. In terms of sectors, the S&P BSE Auto index rallied 2.4 percent, followed by the S&P BSE FMCG index which was up 2.3 percent, and the S&P BSE Finance and Banking index rose over
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⚏Today\'s Market
- An evening walk down D-St: Blockbuster day for market ahead of exit polls
- An evening walk down D-St: Volatility to stay till May 23, avoid leverage play
- An evening walk down D-St: India VIX near 4-year high; monsoon to be key trigger ahead
- Evening Walk Down D-Street: Terrific Tuesday! Bulls push Nifty back above 11,200 levels
- An evening walk down D-St: Weak macro data, earnings push Nifty below 100-EMA
⚏India
- #39;Use both Call and Put options to maximize gains ahead of election outcome#39;
- Technical View: Nifty forms bullish candle on daily charts ahead of exit polls
- Technical View: Nifty forms bullish candle; short Nifty if it goes below 11,100
- Technical View: Nifty forms a bearish candle; upside likely to be capped at 11,300
- Technical View: Nifty forms bullish candle; 11,250-11,300 crucial for bulls
- Technical View: Nifty forms bearish candle for 9th day; support likely around 200-DMA
- #39;Combine Elliott waves with Fibonacci and channels for high conviction setup#39;
- Bank Nifty likely to remain in a range, deploy Iron Butterfly Spread
- How to use diamond pattern for identifying trend reversal
- What are Yield Curves and how it acts as a leading indicator for slow down
⚏Economy
- Land, labour reforms to push economic growth: N K Singh
- Despite RBI clarification, no takers for Rs 10 coin in Manipur
- Centre procures 29 mn tonne of wheat so far this marketing year
- Lack of innovation is #39;Achilles heel#39; for China#39;s economy, says Xi Jinping
- Sugar production likely drop 8.4%; to fall for 2nd straight year in 2019-20: USDA report
⚏Stocks
- JK Cement Q4 net profit jumps 55% to Rs 150 crore
- #39;We are united,#39; says IndiGo CEO, quells speculation on rift between founders
- Reliance Capital to raise Rs 10,000 crore in current fiscal by selling assets
- Exciting times at the box office with multiple moneymaker releases so far
- Baring Private Equity Asia acquires 30% stake in NIIT Technologies
⚏Commodities & Bullion
- Imports of rough diamonds up by 11.11% to $15.5-bn in Apr-Jan period: GJEPC
- Finished steel exports dip 30% in Jan, imports decline 44%: JPC report
- Gold price hits a 15-month high since demonetisation in November 2016
- Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report
- India shifts export focus to processed fruits, vegetables for better gains
⚏Currencies
- Euro Braces for Volatility Ahead of EU Elections, ECB Minutes
- Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes
- Gold Price Forecast: The Better Precious Metal Shows Its Mettle
- Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes
- Dollar Approaches Two-Year High as Major Crosses Grope for Traction
⚏Market Outlook
- UPL Consolidated March 2019 Net Sales at Rs 8,525.00 crore, up 49.8% Y-o-Y
- Constructive on Indian stocks in medium-term; like steel and cement space: Bharat Iyer
- IOC Q4 net profit up 750% at Rs 6,099cr on higher operating income
- Time to shop? 150 stocks at attractive valuations vs historical levels
- Did you know? Data over 28 years suggests markets gave 10% CAGR return under 4 govts
- Nifty may surge 5-10% in short term if BJP gets majority: UBS
- Strong listing: Neogen Chemicals debuts with 17% premium at Rs 251
- Neogen Chemicals to list equity shares on May 8
- Neogen Chemicals IPO subscribed 41 times on strong support from investors
- Neogen Chemicals IPO fully subscribed; retail subscription at 3.15 times
- Subscribe to Neogen Chemicals: Mehta Equities
⚏Results
No posts were found
⚏World
- Canada’s statisticians survey potheads
- Beneath the dull surface, Europe’s stockmarket is a place of extremes
- Wall Street falls as trade anxieties spike
- Instant buyers are changing the way people buy and sell their homes
- Asian shares struggle for footing after tough week
- The biggest collapse in private-equity history will have a lasting impact
- Wall Street rises for third straight day on data, earnings
- Wall Street gains as trade optimism trumps dim economic data
- Asian shares win reprieve as Trump seen delaying auto tariffs
- Wall Street rebounds as US-China trade rhetoric cools
⚏United States
- Trump wants to quiz immigrants on civics — but many natural born Americans lack basic knowledge of government
- Millennials are coping with death on $600 ‘grief retreats’ where they dance, meditate and swim in lakes
- The Tell: The stock market punished earnings misses more than it rewarded earnings beats
- The Wall Street Journal: Students were advised to falsely claim to be racial minorities in college-admissions scandal
- The Moneyist: My in-laws want to give us over $100,000, but they’ll tell us how to spend it — should I tell them to keep their money?
⚏Europe
- Weekly Wrap – Stats and the U.S – China Trade War Put the Dollar on Top
- StockBeat – EasyJet Defies Market Gloom With Upbeat Outlook
- Investors Chronicle: On the Beach, Vodafone, Sophos
- Europe stocks trade lower as trade fears linger; Brexit talks collapse; Thomas Cook shares down 29%
- Brexit, China trade weigh on Europe markets
