The Indian equity market on Monday is expected to react to the outcomes of state assembly elections in Maharashtra and Jharkhand, alongside global triggers such as developments in the Russia-Ukraine war. The BJP-led Mahayuti alliance swept Maharashtra, registering much more seats than predicted by exit polls. This result is likely to provide political stability, boosting investor sentiment.
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two with Nvidia remaining the most valuable company despite a slight decline, and Apple close behind; the week ahead will be marked by Thanksgiving, Black Friday, and important earnings reports, with inflation and interest rates taking center stage.
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Easy Trip Planners Ltd. has announced a 1:1 bonus share issue, rewarding its shareholders with one additional share for every share held. This decision, approved by the board of directors, is backed by the company's strong financial position, with the issuance to be financed from available reserves as of March 31, 2024. This marks the third bonus share issue by EaseMyTrip in the past two years.
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