The Indian stock market’s live update and impressive performance on June 2024, highlights the strong influence of political developments on investor sentiment. The stock market may affected by the Loksabha election result in 2024, Here are the key points from the recent market dynamics and considerations for investors given in this article.
Market Highlights of June 2024
- Live Price of Sensex and Nifty 50:
- BSE Sensex: the live price of BSE Sensex is 75,416.45 today.
- NSE Nifty 50: Today s live price of Nifty 50 is 22,929.75
- Positive Investors Outlook:
- Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were major net buyers in 2024.
- Confidence is high in the Indian economy’s prospects under a potentially stable NDA government.
- Expected Volatility:
- High volatility is anticipated as actual election results are announced.
- NDA win could lead to further market gains.
- Unexpected outcomes may result in selling pressure.
Experts and Investor’s Reviews on the Market
- Market predictions: Some experts predict Nifty could reach 24,000-25,800 within the next 3-5 months if NDA retains power.
- Caution Advised: Balanced portfolios and holding some stocks are recommended to manage potential volatility.
Impact of Loksabha Election Result 2024
- Impact of Election Results: The market’s direction for the rest of June will make new hype on the official results and Government policy announcements.
- Investor Strategies:
- Stay informed on election outcomes.
- Monitor economic news and policy changes.
- Utilize reputable financial news sources for updates and analysis.
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