Stock Market Today: NDA returns? GIFT Nifty indicates a bullish start; Hero MotoCorp, Maruti Suzuki in focus

Gifty Nifty in early trade points to a stronger beginning, while Nifty June futures finished higher on the last closing.

Stock Market Today

Stock Market Today: According to exit polls, the National Democratic Alliance, led by the Bharatiya Janata Party, is expected to return with a commanding majority, which might lead to higher openings for domestic markets. Nifty June futures finished at 22,700 on Friday, suggesting a stronger opening of roughly 645 points, as Gifty Nifty at 23,345 in early trading suggests. Monday’s opening of Indian stocks is expected to be favourable, as analysts predict gains in the manufacturing, capital goods, and infrastructure sectors. This excitement comes after weekend exit polls that predicted Prime Minister Narendra Modi’s government would serve a third consecutive term.

Stock Market Today: Stocks in focus

Hero MotoCorp

Hero MotoCorp Limited, With its headquarters located in Delhi, is a multinational Indian producer of motorcycles and scooters. It is among the biggest two-wheeler manufacturers in the world and commands a about 46% market share in the Indian two-wheeler sector. Hero MotoCorp saw a 4.1% decline in total sales to 4.98 lakh units in May, despite a 67% increase in exports.

Maruti Suzuki

Suzuki Motor Corporation, a Japanese carmaker, has an Indian subsidiary called Maruti Suzuki India Limited (previously Maruti Udyog Limited). The business led the Indian passenger car industry with a 42 percent market share as of September 2022. In May, Maruti Suzuki sold 1.74 lakh units, a 2% decrease from the previous year. Additionally, domestic sales fell by more than 3% to 1.57 lakh units.

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