IT Stocks Lead Rise in India's Nifty 50 to Record Highs

- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks. - Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning. - Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80. - Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India. - Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

Indian stock market hits new highs: ->BJP-led NDA leads pre-poll surveys ->Strong global cues,ECB rate cut expectations ->FII buying activity ->Anticipated RBI rate cuts ->Broad-based rally in small/mid-cap stocks

Hi All, If you have any particular stocks in mind which could go up after the election results. Please share. Note: I know that we should not blindly trust speculations but I have left trading stocks a long time ago. I know prices fluctuate very much after the elections, so just wanted to know the stocks which you are positive about.

Here is the post where i mentioned about 3 live trades. https://share.gvine.app/pUjNH4n7qnU3kYgM9 SBI - I have added more of SBI at 732 today. If i had 500 quantities, I have added 250 more. GENERAL INSURANCE - IT went up 25% and gave back all the gains. I am still holding, a good amount of shakeout has happened. APAR IND - Nice bit of shakeout here as well just around buy price lets see. Still holding. New positions i am currently building in - SBI - Added Today RELIANCE - Added Today COAL INDIA- Added Yesterday GAIL - 33% today BPCL - 33% Today HINDPETRO -33% Today J&K BANK OIL INDIA Angel one NIACL KARURVYASA B UFO MOVIES INDIA For some stock i am using 1 time scale in SBI, Reliance,Coal India. For the names which are stretched i am using a pyramiding approach .ie. 33% in 3 rounds. If the market reverses these stretched names will fall a lot so I don't want to take a lot of risk. I will keep buying until Nifty is above 50 DMA. The moment i see it slipping below it, I will stop buying. Its good sign that Nifty Bank is stabilising and trying to move up. Also the current sector leader .i.e Oil and Gas, Energy, PSU, PSE are recovering well after a fall.

I think we are heading up. I can't see any sector that can pull the market down. We are in an uptrend and unless 21200 breaks on Nifty, we will remain in uptrend. Global cues are fine as well. The US market is undergoing a pullback and it should be contained around 4-6%. Coming back to our indices. Oil, Energy , PSU remains the strongest. Metals, IT are in good structure. Realty, Infra are also doing the right thing. Auto remains the consistent outperformer First Maruti and yesterday M&M broke out. The problem area was Nifty Bank and it has started to do the right thing. SBI cannot lead NB higher HDFC, Kotak needs to chip in now. NB is a Beast. If it starts finding its feet, a much higher level will come for Nifty. I have been booking profit for the last 2,3 weeks and have raised 40% cash. Now i have started deploying it. I have picked up 5 names from this list. https://share.gvine.app/Hn9vxKmr86PkqJmx5 I have a few other stocks on my radar. I want to build new positions for eg.in M&M. But i will wait it out. I am not going to chase any kind of breakout. I want a pullback that will shake a lot of people and then I will get in. If stocks want to just fly, I'll let it fly, I won't chase anything. I want odds on my money at this stage. I also picked up Nifty Futures yesterday, a lot of people will find it difficult to build newer positions atm as the market is stretched and rightly so, it is stretched. But the best of the rally happens in the stretched Market. I don't mind if i am wrong. I have my stop losses and risk management rules to protect me. I follow a certain process and i will keep following it. Lets go to the moooon 🚀🚀

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns. My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets. Any ideas by others?