With India VIX jumping 43% in May, market participants are advised to be cautious and adopt a wait and watch policy. Senior Vice President-Equity at Angel One, Aamar Deo Singh, recommends focusing on quality stocks with a longer-term perspective in an SIP mode. He discusses the impact of the election results, upcoming levels to watch, earnings performance, and suggests options for investors and traders in various sectors. Singh also gives insights into regulatory actions and the trend in PSU stocks, defence sector, smallcaps and microcaps, and specific stock recommendations.
Benchmark equity indices Nifty50 and Sensex ended at a fresh record high on Monday, led by financials, auto, and energy stocks. Analysts predict that Nifty50 needs the participation of private banking majors to continue its upward momentum. European shares slipped, while Nifty formed an ascending triangle pattern and showed bullish and bearish signs on different stocks. HDFC Bank, SBI, RIL, ICICI Bank, Coal India, Bajaj Auto, and Bajaj Finance were the most active stocks in value terms. No major stock hit its 52-week low. Overall, market breadth favoured bulls.
Indian equity markets opened higher on Thursday, led by banking, financial, and IT stocks ahead of the release of the Reserve Bank of India’s policy meeting minutes. The BSE Sensex and Nifty50 were trading higher. Experts have a positive outlook on the near-term market. Global markets settled higher and Asian markets advanced. Oil prices slipped, while the Indian rupee strengthened against the US dollar.
