Lok Sabha elections 2024 trading: The Indian stock market is volatile ahead of Lok Sabha election 2024 results on June 4. Experts suggest buying quality stocks with healthy fundamentals amidst market uncertainty.
Auto stocks have surged due to robust sales expectations in FY25, driven by a revival in the rural market and stable raw material prices. Two-wheeler market may outshine other segments. Experts anticipate continued growth in the medium-to-long term, with positive outlook for auto companies.
Even though long-term growth prospects remain intact for Global Health, slow near-term margin expansion due to consistent capex, along with the pricey valuations of the stock has triggered a selloff in the counter.
The Nifty Realty index is up 49% this year, outperforming the Nifty 50. Realty stocks have gained due to high sales momentum and the strong economic recovery. Experts predict that the momentum will continue for the next few years.