U.S. stocks rallied for a second straight session on Monday, with the Dow gaining more than eight-tenths of a percent, the S&P 500 adding more than six-tenths and the Nasdaq climbing three-tenths of a percent.
An analysis of performance of stock markets over different coalitions puts UPA 1 and UPA II on top of the chart.
Foreign investors who were being cautious about Indian markets are now feeling the ‘Fear Of Missing Out’ (FOMO)
While there have been a few years in which the Budget has changed the market trend, that’s not always the case. What history tells us about budgets and markets
The rally, which we saw in the financial year, was largely led by strong global and domestic liquidity while lingering concerns over earnings revival as well as demonetisation still remain. Hence, investors need to be cautious and use dips to get into quality stocks.
Shares of Infosys soared 11 percent higher after the company posted a 4 percent increase in the consolidated net profit in the April June quarter.
Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund believes the demand scenario in the IT sector is yet to improve. As a result, he continues to remain underweight on IT.