The investor argued strongly that following a value strategy in India could be more lucrative. To support his point, he presented data from the MSCI India Value and MSCI India Growth indexes over 3, 5, and 10-year periods. In each case, the Value index outperformed the Growth index. He was confident that this trend would continue in the future.
Lok Sabha Elections 2024: Market may see sharp 20% decline if election results deviate from expectations -Experts livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
FIIs have sold Indian stocks worth Rs 37,700 crore since the Lok Sabha elections began on April 19, causing nervousness on Dalal Street. India VIX has increased by 67%. In contrast, DIIs have spent Rs 60,000 crore, holding strong amidst market volatility.
Stock Market Today: The market has factored in a win for the BJP but may react to the number of seats the alliance clinches. If the NDA tally crosses the 400-seat target set by PM Modi, the market may rally. However, disappointment is likely if it falls short of the PM s prediction, say experts.
The Nifty 50 closed last week with a gain of 2.03%, marking its most significant weekly increase since January 2024, while the Sensex also ended the week with a gain of 1.85%, its highest since January.