✍️Our Professor William Alfred will analyze and summarize today's market

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Tomorrow at 7pm, Professor William Alfred, the chief analyst, will announce the trading plan and operation strategy for next week. Please stay tuned! If you have any questions, please contact assistant Shruti Kumari

India bankers brace for IPO surge as election uncertainty lifts

With the end of elections lifting any potential uncertainty around policy, companies are poised to seize on India’s strong prospects and capitalize on the window of opportunity.

India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.

About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.

The jump in activity for blocks and placements is even more outstanding. Taken together, sales of new and existing shares in the first half of 2024 have raised around $18.64 billion, within a hair of topping the record set in the last six months of 2017, the data show.

IMPORTANT NOTICE: 🚀🚀🚀

Primary market transactions please note:

Stock name: CONART

Buy at the current price, you can get up to 10% profit. Please send me a screenshot after buying so that I can register it and let us start a brilliant investment journey! !

IMPORTANT NOTICE: 🚀🚀🚀

Stock name: CONART

Please sell immediately, congratulations on making a profit!!

Regarding everyone's take initiative to participate in primary market trading and request for opening operation quotas, it has been submitted to the professor.
Everyone can stay tuned in the afternoon to avoid missing important news! !

Lunch time is coming, I wish everyone enjoy your meal 😊😊😊

June 4 Noon Review

Sensex fell over 4,000 points today, posting its biggest intraday fall in the past two years, amid disappointment over early vote counting trends that showed Narendra Modi-led NDA alliance may win the elections, but due to lower than expected seat tally. BSE midcap and smallcap indices fell over 4% each. All sector indices were in the red, with PSU banks falling 9%.

Today's Highlights:
Nifty posts biggest intraday fall since February 2022
Nifty PSU Bank tanks over 9%; all constituents fall
Volatility index India VIX surges over 33%
Adani shares plunge 11%
Investors lose over 2150 crores in wealth
10-year bond yields see biggest gain in 8 months on uncertainty over poll results

Future Outlook:

The reason for the sharp fall is that the results so far are below what the market polled yesterday. There would be disappointment if the BJP itself does not get a majority, and this is being reflected in the market. Moreover, Modi 3.0 may not be as reform-oriented as the market expects and may become more welfare-oriented.

The process is slower this time due to physical counting under VVPAT. The market is very volatile at the moment. Technically, the key support for NIFTY is the 22,000 round number mark, followed by 21,600.

The sectors that will rebound in the future will be cyclical industries and infrastructure-related industries. After today's plunge, there are more bargain opportunities.