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NDA lead pushes Sensex above the 25K mark!
Fri, 16 May 11:00 am

Continuing to cheer the NDA lead, the markets continued to move upwards during the previous hour of trade. The BJP and allies crossed the 300 seat mark as the latest data available shows that the alliance is in the lead with 307 seats. This is out of a total of 536 seats counted till now. The BSE-Sensex is currently trading higher by about 1,125 points (up 4.56%) and in the process crossed the 25,000 mark.

Asian markets continued to trade weak during the previous hour of trade. The rupee is trading at Rs 59.47 to the dollar at the time of writing.

The BSE-100 Index is trading firm as well, with gains of 4.3% thereby indicating that largecaps are being preferred today. Stocks from the midcap and smallcap spaces joined the party as well with the BSE Mid Capand BSE Small Cap indices up by about 2.4% and 1.3% respectively.

Banking stocks are leading the gains today with frontline stocks such as ICICI Bank, State Bank of India and Axis Bank trading higher by over 9% each. Hero Motocorp, Coal India and Bharti Airtel were amongst the other top performers as well. Stocks from the information technology and pharmaceuticals spaces were trading weak with Infosys, Cipla, Dr. Reddy's and TCS underperforming the overall markets.

As mentioned earlier, investors must stay calm and not get influenced by the market sentiments. Sticking to stocks with strong fundamentals and sensible valuations is what investors should stay focused on. And therefore attention has to be paid to the fact that valuations don't really run ahead of the fundamentals.

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

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