Lok Sabha Elections 2024: The Benchmark Indices are trading near highs while rising VIX indicates nervousness of markets and volatility ahead of Elections results. Defence, power ,Industrials, Automobiles are among some of the sectors that remain ideal for investments say various market experts.
Feroze Azeez, Deputy CEO of Anand Rathi Wealth Limited, provides insights on market triggers, FII positioning, earnings growth, valuations, investor sentiment, and recommended sectors for investment, including financial services, rail and highways, and renewable energy. Azeez also points out that earnings have doubled in the five-year fiscal, which is a great five-year earning cycle.
Sebi has introduced guidelines to address stock price impacts from market rumours, ensuring M&A and other transactions reflect true company value. The framework mandates the use of unaffected prices, calculated by excluding price variations caused by rumours, aiming for fairer valuations and minimizing market manipulation.