Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Markets trade firm as NDA makes clean sweep
Fri, 16 May 12:00 pm

It is now evident that BJP led alliance will form the next government. The euphoria seems to be settling down as the markets have traded firm in the last hour. The BSE Sensex is trading up 869 points and the NSE-Nifty is trading up 271 points.

The BSE Mid Cap index is trading up 2.07%, while the BSE Small Cap index is trading up 0.72% today. The rupee is trading at 58.8 to the US dollar.

Banking stocks continue to lead the markets. Stocks such as ICICI Bank, State Bank of India are leading the momentum. Almost all the sectors depended on economic reforms such as Realty, Capital Goods and Oil & Gas are performing well. Exchange rate sensitive Healthcare and IT stocks have failed to join the Bull Run. Major stocks such as Sun Pharmaceuticals, Dr. Reddy's Laboratories, Infosys and TCS are trading down today.

We envisage portfolio shuffle in favour of Power and Capital Goods stocks as a stable government is likely to tackle the policy paralysis that has been plaguing these sectors. However, we would like to mention again that investors should maintain a diversified portfolio and should not participate in market frenzy without studying the fundamentals and business prospects of stocks.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Markets trade firm as NDA makes clean sweep". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 20, 2018 03:11 PM