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#826 Daily Money Show | Money Purse Stock Market News
Takeaway
Indices roared back 3%+ on post-election clarity (NDA alliance) after the prior day's panic.
Summary
- Sensex +2,303 pts to 74,382; Nifty +735 pts to 22,620; mid-cap +4.28%, small-cap +3.26%, Bank Nifty +4.53% - massive rally.
- NDA government formation gained clarity after Chandrababu Naidu confirmed alliance support; Modi to be sworn in June 8.
- Brokerage reports released with stock recommendations - which stocks to avoid and focus on under the new government.
- Titagarh Rail Systems setting up new engineering center, hiring experienced engineers - new product wins from Railways would be positive.
ElectionsNDAModiTitagarhMarket News
Original description
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