On Tuesday, the Indian stock market indices experienced a decrease in value as a result of cautious statements made by significant U.S. Federal Reserve officials, which undermined investor confidence. Furthermore, it was expected that ongoing selling by foreign investors would keep market volatility high in advance of the last two rounds of the national elections.
Highlights:
Highlights:
India VIX hits 22.3, the highest level since February 2022
Delhivery fell 9% after Q4 results.
Jefferies maintained a hold rating on Zydus Life
Nomura upgrades Vodafone Idea to neutral from reduce rating
Veritaas Advertising debuts at 141% premium on SME platform
The market is gradually exhibiting signs of steadiness as the fifth round of the seven-stage elections is now over. When the FIIs started buying last Friday, it also appears that the negative trigger of persistent FII selling has passed. The market may see a significant upswing following June 4th, as the prime minister has suggested. Since the market is intelligent enough to predict the outcome, it is likely to move ahead of the election results.