PSU stocks post record profit of ₹5 lakh crore: These performed best hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
With Lok Sabha Elections 2024 results approaching, Indian stock market anticipates volatility as benchmarks decline before rising slightly. Experts suggest diversifying portfolios and focusing on quality stocks in sectors like infra, real estate, and manufacturing to cushion against market swings.
Institutional sellers sold up to a 5% stake in CarTrade Tech for around Rs 200 crore through a block deal on Friday, with Axis Securities as the banker. The company has no promoter holding, with a significant portion of shareholding held by institutional shareholders. Mutual funds and foreign portfolio investors held stakes in the company.
Nifty Auto and Nifty Metal have shown strong performance in 2024 YTD, outperforming the benchmark. Experts favor auto over metals for long-term investment due to growth potential, innovation, and less impact from global factors.