Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta

Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential

Panthera Res. Share Chat (PAT)

Share Price: 8.75Bid: 8.50Ask: 9.00Change: 0.875 (+11.11%)Riser - Panthera Res.
Spread: 0.50Spread as %: 5.88%Open: 7.875High: 8.75Low: 7.875Yesterday’s Close: 7.875

Share Discussion for Panthera Res.

View all PAT Messages

Please login or register to post a message on Share Chat.

Posts per page:

Posts: 8,433
Opinion:Strong Buy
23 May '19

Stocks, Bonds Jump as Early Trends Show Modi Winning India Polls

May 23, 2019, 4:41 AM GMT+1 Updated on May 23, 2019, 5:27 AM GMT+1

BSE Sensex, Nifty climb to new highs amid broad market rally

Benchmark bond yields drop to lowest level since April 2018

Indian equities jumped, sending key indexes to new records, as early trends showed Prime Minister Narendra Modi heading toward winning a second term. The rupee and sovereign bonds also advanced.

The benchmark S&P BSE Sensex climbed 2% to 39,882.22 as of 9:26 a.m. in Mumbai, while the NSE Nifty 50 Index gained by the same magnitude. The rupee strengthened 0.3% to 69.4625 per dollar, while the yield on benchmark 2029 bonds slid six basis points to 7.2%, set for the lowest since April last year.

Investors are cheering Modi’s likely victory as it puts to rest concerns about the prospects of a coalition of opposition parties forming the government when markets are wrestling with slowing economic activity and the U.S.-China trade tensions. Optimism that Modi will boost reforms in the second term will likely attract more foreign inflows to what is already Asia’s top destination for overseas cash this year.

Rupee, bonds performance in Modi's first term

“Foreign investors have been positioning themselves for a Modi victory,” said David Cornell, London-based chief investment officer at Ocean Dial Asset Management. “India is heavily under invested given the size of the economy and the opportunity it offers. Any indication that Modi will use his re-election to bolster his reformist agenda will trigger more inflows.”

"If this trend continues, everyone should be happy to have a stable government in place as the economy demands stability,” said Sushant Kumar, an equity fund manager at Raay Global Investments Pvt. in Mumbai.

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.