Indian stock market benchmarks, Sensex and Nifty 50, trade cautiously as Lok Sabha election 2024 outcome nears. Volatility persists in May. Experts do not expect major correction till election outcome on June 4.
Unlisted shares of Ramdevbaba Solvent Ltd are trading Rs 20 higher in the grey market, expecting a 23.53 per cent listing gain from the public issue, Ramdevbaba Solvent IPO Allotment Today: Check Latest GMP, Listing Date
Bharti Hexacom IPO: Several analysts have assigned a subscribe rating to the issue owing to reasonable valuation and strong parentage. However, high debt and volatile financial performance in the past few years are key concerns.
Midcap stocks to buy: The midcap space may remain volatile in the near term. Nevertheless, several experts believe there are plenty of stock-specific opportunities in the midcap space.
On Monday, Nifty s Midcap 100 index fell 2.5% - its biggest single-day fall since January 23, and the Small Cap 100 index slumped 4% - its biggest fall in a day since September 12 last year. The Nifty Microcap 250 declined 3.9%. The Sensex and Nifty shed 0.7-0.8% each Monday. On Friday, the small-cap and mid-cap indices fell between 2% and 3%.