{"id":1837,"date":"2024-05-20T09:35:20","date_gmt":"2024-05-20T09:35:20","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/indian-stock-market-to-see-rally-after-june-4-psu-shares-in-focus-pm-modi-news18\/"},"modified":"2024-05-20T09:35:20","modified_gmt":"2024-05-20T09:35:20","slug":"indian-stock-market-to-see-rally-after-june-4-psu-shares-in-focus-pm-modi-news18","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/indian-stock-market-to-see-rally-after-june-4-psu-shares-in-focus-pm-modi-news18\/","title":{"rendered":"Indian Stock Market To See Rally After June 4, PSU Shares In Focus: PM Modi – News18"},"content":{"rendered":"


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Prime Minister Narendra Modi predicted a significant boost to the stock market following the election results, expressing confidence in the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government retaining power with a strong majority for a third term.<\/p>\n

\u201cYou will see that within one week after June 4, the day election results are to be declared, market participants will get tired,\u201d PM Modi said in an interview to NDTV while hinting that the market will hit fresh record highs.<\/p>\n

\u201cWe started our journey from 25,000 (Sensex) and have reached 75,000. This increases our pride in the world. As more ordinary people come to the market, the economy will gain a lot of strength. I want the risk-taking capabilities of citizens to increase,\u201d Modi said.<\/p>\n

While giving the example of the rally in PSU stocks, he said look at Hindustan Aeronautics (HAL) which is on a \u201cstellar run\u201d as its stock reached a record high on massive profits.<\/p>\n

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Benchmark indices BSE Sensex and NSE Nifty 50 have been volatile recently. The Nifty fell more than 4 percent to 21,821 after hitting an all-time high of 22,794.7 in early May. It has since recovered to 22,500.<\/p>\n

Market analysts note that concerns over the election results are causing significant volatility. The India VIX, a measure of market volatility, doubled to over 20 in just three weeks from its recent swing low. Historically, the VIX has risen to as much as 29 ahead of elections, indicating heightened market sensitivity.<\/p>\n

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While Modi\u2019s assurances aim to bolster investor confidence, experts caution that volatility may persist until the general election results are announced.<\/p>\n

Modi\u2019s assertion about the markets follows similar assurances from three senior cabinet ministers regarding market stability. Last week, addressing a rally, Modi praised the growth of equity markets over the past decade, highlighting the significant increase in small investors and noting India\u2019s status as the fourth-largest stock market with growing global investor trust. Union Home Minister Amit Shah and External Affairs Minister S. Jaishankar also addressed market concerns, attributing recent turbulence to election jitters and predicting a post-election rebound. Shah emphasised that past market declines were more severe and encouraged investors to buy stocks in anticipation of a surge after June 4.<\/p>\n

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Aparna Deb<\/span><\/a><\/p>\n
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo…Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated: May 20, 2024, 15:05 IST Prime Minister Narendra Modi predicted a significant boost to the stock market following the election results, expressing confidence in the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government retaining power with a strong majority for a third term. \u201cYou will see that within one week after June…<\/p>\n

Read More “Indian Stock Market To See Rally After June 4, PSU Shares In Focus: PM Modi – News18”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/04\/mixcollage-10-apr-2024-12-53-pm-3745-2024-04-eaa319709491043d1463907a97296191-16x9.jpg?impolicy=website&width=1200&height=675","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[1232,1230,1229,1231,1126],"class_list":["post-1837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-2024-lok-sabha-elections","tag-market-rally","tag-narendra-modi","tag-psu-stocks","tag-stock-market"],"yoast_head":"\nIndian Stock Market To See Rally After June 4, PSU Shares In Focus: PM Modi - News18 - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/indian-stock-market-to-see-rally-after-june-4-psu-shares-in-focus-pm-modi-news18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Stock Market To See Rally After June 4, PSU Shares In Focus: PM Modi - 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