Stocks in focus: Ruchit Jain of 5paisa recommends buying DLF, and Crompton Greaves today
Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, opened Tuesday's trading day down due to the persistent trends from the Lok Sabha election. The market reached an all-time high on Monday, with notable gains and no losses, before this decline.The Nifty 50 opened at 22,855.55, down 408.35 points from the opening bell, while the Sensex fell 1,135.48 points to 75,333.30.
Just six of the Nifty 50 firms went up while 44 were falling, which indicates that investors were mostly cautious.Also Read: Stock market today: Sensex, Nifty 50 record biggest single-day gain in 3 years; investors earn ₹14 lakh crore in a dayDr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, claims that the market has already factored in a 733-point Nifty surge yesterday, discounting an obvious victory for the NDA and a majority for the BJP on its own.
Major shifts in the market can only be brought about by a significant deviation from this anticipated result.Even if the exit polls are confirmed by the results, investors don't have to go in and purchase now. Keep the funds in large-cap stocks and record a little profit in small-cap stocks, advised Vijayakumar.Also Read: Investors lose ₹20 lakh crore within first 20 mins of trade as election race gets tighter than what exit polls predictedOur markets gave a thumbs up to the exit polls and Nifty 50 started the week at a new record high with a significant gap up.
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