Today Market Is Going Trend Nifty50 Surge More Than 2% Today

Nifty50 surge more than 2% today Market crisis BSE Sensex, and all focus is on the actions that will be taken by Modi-led NDA tomorrow.

Stock market

On the 5th of June, both the BSE Sensex and Nifty50 marked their presence by opening trade in the green. It was short-lived glory though; not long after they had to turn their backs when the Lok Sabha results failed to provide the expected support for Narendra Modi’s NDA, which led to a tumultuous day on Dalal Street with both indices closing over 5% lower — an event that hadn’t been seen in four years. The investors bore witness as wealth evaporated before their eyes: a staggering Rs 31 lakh crore lost within just six hours.

The foreign portfolio investors (FPIs) have shown a tepid approach towards Indian stocks during the period of Lok Sabha elections which commenced in April. It is anticipated that they will stick to their current stance— not injecting new vigor into their investments nor pulling out substantial sums of money. The FPIs hold the view that an outcome of Lok Sabha with fewer numbers than what was expected for BJP could dent its effectiveness in the short run.

From April this year, FPIs have been disposing off their Indian equities.

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