But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. Investors are also growing nervous about the US Federal Reserve delaying interest rate cuts as expected by the financial markets.
In April so far, the BSE MidCap index rose 5.7 percent, its highest since December 2023, while the BSE SmallCap Index surged over 9.7 percent, marking its biggest jump since February 2021
According to market analysts, the uptrend in the stock market may continue for the coming week after the US markets showed a robust performance on Friday.
Havells India, for instance, saw a breakout of its falling resistance trendline adjoining the highs of March 2 and April 8, and formed a big bullish candlestick pattern on the daily timeframe with healthy volumes.
Uptrend in the stock market may continue for the coming week aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.