Stock Market Today Live Updates: Investors Brace for Volatility as Markets Remain Closed for Lok Sabha Elections
As investors eagerly await the reopening of the stock market on May 21, they are bracing themselves for potential bouts of volatility following a temporary closure due to the Lok Sabha elections in Mumbai. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) remained shut on May 20, with trading set to resume the next day.
Despite the closure, market experts are closely monitoring the situation and providing valuable insights to help investors navigate the uncertain market conditions. Ashish Gupta, chief investment officer at Axis Asset Management Company (AMC), highlighted that intermittent volatility is not necessarily a negative sign. In fact, he noted that investors are showing a strong preference for equities, indicating a positive sentiment towards the market.
In the meantime, market participants are keeping a close eye on key developments in the industry. Mahindra & Mahindra (M&M) has been making headlines with its ambitious plans for the future. The homegrown auto major is set to accelerate its growth trajectory with a planned capital expenditure of ₹37,000 crore over the next three years. With a robust product pipeline that includes both internal combustion engine (ICE) models and electric vehicles (EVs), M&M aims to ramp up its production capacity to 72,000 units per month by the end of FY26.
On the stock recommendation front, Dharmesh Shah of ICICI Securities has identified two top picks for investors this week – Reliance Industries Ltd (RIL) and Larsen & Toubro Ltd (L&T). With expert insights and recommendations like these, investors can stay informed and make well-informed decisions in the dynamic market environment.
For real-time updates on market movements, top gainers and losers, and sectoral performance, investors can follow Mint’s live blog for comprehensive coverage of Dalal Street and global markets. Stay tuned for the latest updates and expert analysis to navigate the ever-changing landscape of the stock market.
