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#821 Daily Money Show | Stock Market News

Original: #821 Daily Money Show | Money Purse Stock Market News

59.4K views · May 29, 2024 · 23:05 min · Watch on YouTube ↗
Takeaway

Election-result clarity will set near-term direction; CLSA's 54 PSU/policy-beneficiary 'Modi stocks' are well-positioned if BJP wins.

Summary

  • Sensex -667 at 74,502; Nifty -183 at 22,704; volatility ahead of June 4 election results; exit polls Jun 1 will signal Monday's direction
  • CLSA picked 54 'Modi stocks' to benefit if BJP returns; PSU names (NTPC, NHPC, PFC, IGL, MGL), L&T, Bharti Airtel, Indus Towers, Reliance Industries flagged
  • Election theme rally expected to end Jun/Jul; H2FY25 best risk-reward in banks — HDFC Bank, ICICI Bank, IndusInd; positive on Bajaj Finance, Max Financial, Zomato, DMart
  • FAME-III scheme with Rs.10,000 cr outlay expected to be announced within 100 days of new government; covers e-2W, e-3W and govt buses; e-cars decision pending
election stocksPSUFAME-III
Original description
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