In May, foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore, aligning with the Sell in May and go away adage. Increased net shorts in index futures, outperformance of Chinese stocks, and concerns about high valuations contributed to the sell-off.
Exit polls indicate a potential hat-trick win for PM Narendra Modi in Lok Sabha, boosting Nifty s rally hopes to cross 24,000. Market analysts foresee a surge if BJP secures victory on June 4.
2/3 majority to allow govt to usher in far-reaching amendments.NDA could win between 355 and 380 seats: exit polls.Results expected on June 4 following vote count on same day.NEW DELHI:.