Brief by Shorts91 Newsdesk / 06:49am on 05 Jun 2024,Wednesday Business
Following Dalal Street's disappointment with Lok Sabha election results, Indian stock markets rebounded sharply, with Sensex climbing 1,651.25 points to 73,730.30 and Nifty jumping 508.40 points to 22,392.90. FMCG and auto stocks led gains, while banks and IT sectors also contributed. Despite early surge, high volatility and selling pressure persist, with experts advising caution. Prashanth Tapse of Mehta Equities Ltd suggests focusing on defensive sectors amidst the uncertain market landscape. The unexpected election outcome has left markets volatile, prompting investors to await stabilization before making significant moves.
