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Our long-term data analysis shows that elections really do not matter in the medium-term because irrespective of which party comes in, broadly, they all seem to be on the same page in terms of economic policy give or take a little bit here and there, said Lalit Nambiar, EVP & Fund Manager, UTI Mutual Fund, in an interview with ETNOW.

In April, Indian market scaled record highs even as crude prices inched higher, now trading above USD 71/bbl (around November 2018 highs). Crude price rose from $53.80/bbl on December 31 to $71.64/bbl on April 17, an increase of over 33 percent.

Midcap index is expected to move towards 16,000-16,500 and smallcap index is expected to move towards 15,700-16,200 levels. Overall, mid and smallcaps are expected to outperform frontliners in short to medium term, Rajesh Palviya, Head Technical & Derivatives Research at Axis Securities, told Moneycontrol’s Sunil Matkar in an interview.

Nifty faced selling pressure on Thursday, as the index ended up forming ‘Bearish Belt Hold’ as well as 'Dark Cloud Cover' on the daily chart. It broke a crucial support around 11,760 level, but somehow extended its higher-high higher low formation for the fourth straight session.

Nifty50 opened positive, but failed to hold onto gains above the 11,800 level and drifted towards 11,740. The index form ed a Bearish Belt Hold or Dark Cloud Cover pattern on the daily scale, while small bullish candle on the weekly chart.

Dalal Street has just had one of the quickest rallies after a rather frustrating 2018. The bull run between February 19 and April 11 lifted Sensex over 3,200 points in 36 sessions.

Heavy losses in bank and financial stocks weighed on domestic bourses on Thursday, as benchmark indices ended on a negative note, after briefly touching all-time high levels in the early trade, ahead of another market holiday on Friday.

India’s macro-economic position has weakened over the past few months. High frequency indicators such as vehicle sales data, IIP numbers, rail freight traffic and petroleum product consumption suggest a slowdown.

The bulls finally managed to flex their muscles on April 16 after consolidation for the last couple of weeks. Both Sensex and Nifty registered new all-time highs of 39,364.3 and 11,810.95, respectively.

After hitting 10,000 levels on October 26, 2018, Nifty started its upward journey and closed at record closing high on April 16. Sensex also scaled fresh closing high on April 16 surging nearly 18 percent in the same period amid intermittent corrections and consolidation.

Rakesh Jhunjhunwala, one of India’s biggest stock market investors, advised caution ahead of Lok Sabha elections even as he said that the ruling government is likely to come back to power.

Nifty50 on Tuesday rallied for a fourth straight session to hit an all-time closing high of 11,787.15. With this, the index broke above its consolidation zone of 11,550-11,761 it was trading in the past two weeks. The NSE barometer made higher high-higher low yet gain, but a mixed market breadth was a concern.

Nifty50 opened gap-up on Tuesday and finally made a new lifetime high of 11,810 after surpassing its previous record of 11,761. The index formed a bullish candle on the daily scale and gave a breakout from its trading band of 11,550-11,760 zone after consolidation of last 12 trading sessions.

Taken from a bottom-up approach, opportunity over next 18-24 months lies in midcaps which are high growth and high quality and which are trading at reasonable valuations, said Shibani Sircar Kurian, Senior VP and Head of Equity Research, Kotak Mahindra AMC, in an interview with ETNOW. Corporate banks, capital goods and cement are the three sector which will generate earning delta, says Kurian.

Infra thrust is going to be preserved irrespective of whoever forms the new government, said Vinayak Chatterjee, Chairman, Feedback Infra, in an interview with ETNOW.