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By - Dr. Despite setbacks, how a foreign carmaker lured price-conscious Indians with a premium brand. Why a China bull run can trigger a broader emerging markets rally. Is it rhetoric or real? But is enough steam left in the rally? Is it the end of the big, quick buck in Indian finance? Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 24, Canara Robeco Infrastructure Direct-Growth. Market Data. More Menu. The Economic Times daily newspaper is available online now. Read Today's Paper. Rate Story. Follow us. Font Size Abc Small. Abc Medium. Abc Large. View Program. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter.

Sale of AI property in Mauritius. SHRIMATI VANGA GEETHA: Will the Minister of CIVIL AVIATION be pleased to state: (a) whether the residential property.

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The Indian stock market benchmarks, the Sensex and the Nifty 50 continued to trade in a range on Wednesday, May 22, indicating caution as the Lok Sabha election outcome day draws closer. The domestic market has been experiencing significant volatility in May so far, reacting to reports and speculations about low voter turnout and the potential election outcome. Sensex and Nifty 50 are down by up to half a per cent this month. The final two phases of the seven-phase Lok Sabha election are scheduled for May 25 and June 1. Vote counting will begin on June 4, with the final results expected by the evening of the same day. Experts anticipate that the Indian stock market will remain volatile until the final phase of the election on June 1. However, they do not expect the market to see a major correction in the run-up to the election outcome. Despite recent declines due to foreign investor sell-offs, significant corrections are unlikely unless there is a major event,' said Trivesh D. We sense that markets have priced in a win for the ruling government, with the actual number of seats expected to result in a sentimental reaction in the short term,' said Manish Chowdhury, Head of Research, StoxBox. After the election, the market mood will be influenced by central banks' monetary policy decisions, geopolitical developments and the Union Budget in July. However, he does not expect a significant market correction due to strong fundamentals. Upadhyay said the Nifty 50 has been oscillating within a broad horizontal band of 21, to 22, Any correctional fall below 21, should contain around 21, and then 21,, where fresh buying opportunities may emerge, according to Upadhyay. Also Read: General Elections Traders turn to illegal betting for cues, says report. Deven Mehata, an equity research analyst at Choice Broking, pointed out that the Nifty 50 is currently reflecting a strong recovery from the support range of 21,, levels. This bounce back indicates robust buying interest at lower levels, suggesting a positive sentiment in the market. On the higher side, the index has a resistance near 22,, which is close to its all-time high. This level will be crucial as it might act as a barrier to further upward movement. Mehata said if Nifty 50 declines before the Lok Sabha election outcome, it could present a buying opportunity in the 22,, levels range, provided a strict stop loss at 21, levels on a closing basis is maintained. On the other hand, should Nifty surpass its all-time high resistance of 22,, the index has the potential to rally towards the 23, level ahead of the Lok Sabha election results, Mehata said. Nonetheless, corporate earnings will be of the utmost importance, with stock movements driven primarily by these results. We prefer to invest in the capex sector, such as power, renewables, defence, water, and capital goods,' said Raina. Vijayakumar said investors can consider buying stocks before the results. Priority can be given to largecaps, which are fairly valued compared to the broader market, where valuations are much higher. A possibility around the election results time is both FIIs and DIIs turning buyers lifting the largecaps and the indexes to higher levels, he said. Mint consulted several experts for their recommendations on stocks to buy on dips at this juncture. Here's what they said:. The medium—to long-term structure remains bullish. It is driven by a combination of macro and corporate earnings, which still offer good room for growth. Chowdhury advises investors to reduce their risks ahead of the election results and focus on large caps, where the valuation still looks favourable. His top picks, which can be considered at current levels and added on dips, include Asian Paints, Dabur, and Avenue Supermarts. Over a month horizon, they may offer a potential upside of 20 per cent from current levels. Read all market-related news here. Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions. View Market Dashboard. Start-ups Company Results People. Hello User. My Account. CryptoCurrencies View Less -. Mint Premium View Less -. Podcasts View Less -. Will Indian share market continue to correct before Lok Sabha election result? Experts list out 28 stocks to buy Indian stock market benchmarks, Sensex and Nifty 50, trade cautiously as Lok Sabha election outcome nears. Volatility persists in May. Experts do not expect major correction till election outcome on June 4. No major correction till the election outcome Experts anticipate that the Indian stock market will remain volatile until the final phase of the election on June 1. Deven Mehata, Equity Research Analyst, Choice Broking Mehata recommends the following five stocks to buy on dips at the current juncture:. Auto sector: Mahindra and Mahindra and Maruti Suzuki. More Less. Experts list out 28 stocks to buy. Most Active Stocks. Wipro share price HDFC Bank share price 1, Tata Steel share price Bank Of Baroda share price Market Snapshot. Tech Mahindra share price 1, HCL Technologies share price 1, National Aluminium Company share price JM Financial share price Heg share price Tata Consumer share price 1, Aether Industries share price Tata Chemicals share price 1, Indigo Paints share price 1, Bajaj Auto share price 10, Bombay Burmah Trading Corporation share price 2, Trending In Market. Recommended For You. Gold Prices 24K 22K Bangalore 79, Chennai 79, Delhi 79, Kolkata 79, Fuel Price Petrol Diesel Bangalore Chennai Popular in Markets. Story Url has been added to your clipboard. Wait for it… Log in to our website to save your bookmarks. 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The Lok Sabha witnessed shocking scenes on December 13 when two persons jumped into the House from the public gallery, carrying what appeared to be gas.

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