Explore the latest insights from stockedge.com’s technical scan data, revealing significant movements within the Nifty500 pack as four stocks surge above their 200 DMA (Daily Moving Averages) on May 31st.
Nifty May poll vault above 23,110 life-high
Nifty is expected to cross its current all-time high of 23,110 early this week driven by optimism around the exit polls that is hinting at the BJP-led NDAreturning to power with a strong majority. Analysts expect short covering if Nifty holds above the 21,821 zone. Bajaj Auto, Britannia, Coal India, HDFCBank, Union Bank, Fortis, Indus Towers, Dixon and BHEL are some of the stocks recommended by the analysts for short-term trading
Nifty bulls scream ‘Abki baar 24,000 paar’ after exit polls predict Modi 3.0
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.
Exit Polls: Top D-Street voices echo continuation of policy reform in Modi 3.0
Exit polls indicate a clear advantage for the BJP-led NDA faction. Experts foresee a continuation of reform policies in PM Modi’s third term.
Exit polls show Advantage BJP! D-Street to likely train its guns on these sectors
Exit polls favor Bharatiya Janata Party (BJP) led NDA faction. Sectors like railways, defence, infrastructure, and PSUs to gain focus. NDA expected to secure 350-plus seats in the upcoming election.
RBI, govt accept no bids at first sovereign green bond auction of FY25
With the Centre sitting on a considerable cash surplus at the moment, it had likely opted to cancel the green bond auction than settle for a lack of a premium, or “greenium” at the auction. The government had planned to raise Rs 6,000 crore through 10-year green bonds at Friday’s auction.
ET Market Watch: Sensex & Nifty rise after 5-day losing streak: Top highlights
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell’s stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
Foreigners pull money out of EM portfolios after five months of inflows
Foreigners pulled money from emerging markets in April, with outflows from Indian and Indonesian stocks leading to a -$0.7 billion net outflow. China equities also saw small outflows in April.