With Nifty hitting a hat-trick of three consecutive months of positive returns in April, nervousness is increasing on Dalal Street with naysayers reminding investors of the 'Sell in May and go away' trading strategy.The month begins with the US Fed meeting outcome on May 1 in which traders will be closely looking for hints on the projection of rate cuts in 2024.
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Stock Market News: The Sensex and Nifty 50, the domestic major indices, started Tuesday's trading day higher. Amidst robust global cues, the frontline indices continued to rise for the second day in a row. On stocks in focus on Tuesday, Ruchit Jain recommends buying two stocks: Hindustan Petroleum Corporation Limited (HPCL) and Bank of India.
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Emmforce Autotech share price listed on the BSE SME with stellar premium of 90% over the issue price, at ₹186.20.The Emmforce Autotech IPO had received a strong response being subscribed more than 197 times by final day of subscription. The retail portion had been subscribed more than 191 times. The Emmforce Autotech IPO grey market premium also indicated towards strong opening.
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