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#796 Daily Money Show | Money Purse Stock Market News
Original: # 796 Daily Money Show | Money Purse Stock Market News
Takeaway
The current rally is largely a pre-election move; valuations are stretched in mid/smallcaps and a post-election profit-booking phase is likely — long-term investors should stay calm.
Summary
- Sensex +114 pts to 73,852, Nifty +34 to 22,402; broader markets stronger with mid/smallcaps both up ~0.8%.
- Bernstein called the current rally a pre-election rally — says markets may see profit booking post-elections, but long-term investors should stay invested.
- Mid/smallcaps now in expensive valuations after a strong months-long rally.
- MX (M6) Tech stock under pressure as full-year profits declined due to higher software-support charges and product license fees despite top-line growth.
- Long-term investors should not panic if post-election correction creates fresh entry opportunities in quality stocks.
Pre-Election RallyBernsteinMid/SmallcapValuationsDaily Money Show
Original description
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