Share market loss today: Investors on Dalal Street have been left unsettled by the Lok Sabha election results, as the NDA emerged as the winners with a tally of less than 300 seats. It is far from the promised ‘400 paar’ slogan.
This outcome has caused anxiety among investors on Dalal Street and has shifted their attention towards ‘Modi stocks’. It is primarily consist of public sector undertakings (PSUs). These stocks have enjoyed favorable conditions over the last ten years.
As a result of the disappointing performance, Tuesday witnessed a significant decline in PSU stocks. It led to a bloodbath on Dalal Street.
Share market loss today
Santosh Meena, the Head of Research at Swastika Investmart, mentioned that the future looks positive in the long run. However, he also mentioned that there might be a chance of making short-term profits or consolidating.
On the other hand, Emkay Global has a different view for the short term. They expect the market to decrease in value.
Emkay Global believes that Public Sector Undertakings (PSUs) are at a higher risk compared to other sectors. They advise people to be cautious and avoid investing in PSUs for now.
It is important to note that analysts have suggested that traders and investors thoroughly analyze PSU stocks before making any investments.
Meena from Swastika Investmart also mentioned that it might be a good idea to sell stocks with low trading volume if their earnings do not justify their current value.
However, Meena also added that there are still some areas within the market that have potential and are likely to perform well.
CLSA rating on Modi stocks
CLSA, a foreign brokerage firm, pointed out that even though there has been a positive market trend due to the anticipation of election results, investors might face a reality check in the upcoming weeks.
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