Karnataka Election Plays Out on Dalal Street…
Twists and turns in the Elections of Karnataka dragged down the stock market on Friday.
It impacts already starts the reflection on rupee as it starts weakening. And crude prices start rising on the economy.
The Sensex closed on 35000 and the nifty priced with 10,600 marks on Friday. As trader rushed to cut their positions as its results are today (Saturday).
That can give you a big volatility in your portfolio.
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The Volatility impacts your portfolio highly. As we witness Sensex dropped by 300 points i.e. 0.9%and the Nifty fell by 83.50 points i.e. 3.5%. For Eg,
ICICI bank -3.34%, Sun pharma -3.12%, Maruti Suzuki India -2.14%, Wipro -3.40% this all the stocks are falling down.
The Rupee fell half of the Dollar on Friday as higher oil prices and $ Dollar gets stronger.
As the same with the bond market, they also face the same volatile trading on Friday. The bench market yield dipped as much as 12 basis point of speculation from the new government. Bond Yield and prices go in the opposite direction. Market expectation some good announcement from the new government to improve the condition of the market.
So here is the big secret that how this election affects the market on Monday…
Get ready for the for good spark from the Market…
*Professional investors/trader on niftymillionaire platform is Bindul shah. (Sebi Registered) Sebi Registration : INH000003663 (Bindul shah Sebi Registration : INH000003663)