The market's uncanny ability to overlook the uncertain political outlook in the United States may reflect an assumption that national elections don't really matter for the stock market - a supposition borne out by stock returns over more than a century.
FPIs parked net $2.36 billion (19,841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $3.74 billion through this route, which consists of participation in initial public offerings (IPOs) and qualified institutional placements (QIP).
Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who's ahead, Republican Donald Trump or Democrat Kamala Harris, and what that means for their positions
Since Covid-19 lows, the average intermediate corrections have been to the tune of 8-10%. With an 8% correction already in place amid oversold conditions, coupled with the outperformance of Bank Nifty.
