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Today’s Daily Byte

The election is behind us, and the government is set to stake a claim for continuation on 8 June, which is the planned date for the ceremony. There are many ifs and buts in the minds of folks regarding whether the coalition partners will demand concessions that might be acceptable or unacceptable to the markets. So far, there has been no such talk, and the coalition has shown support.

The Nifty roaring back to the pre-election level is the news of the day. If you observe the Nifty movement, we were at around 22,500 on the Friday before the exit polls. We saw a significant gap up on Monday, closing higher with expectations that the exit polls were correct. However, they weren’t. On the day of the election results, there was panic in the market due to high expectations not being met. After some recovery, today, despite a shaky first hour, the market continued to build up and closed slightly higher than the pre-election level.

Reading Time : 4 Minutes

Less than 3% stocks will make most of your wealth

A recent analysis of US companies over the past 90 years provides valuable insights into wealth creation in the stock market. The data shows that a small percentage of companies generate most of the wealth. This trend, observed in the US market, can apply to other markets, including India. Understanding these trends can help investors make better decisions and avoid potential pitfalls.

The analysis categorizes companies into three groups based on their wealth creation.. . . . .

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The best narratives fail

In the world of stock market investments, the “Magnificent Seven” stocks are highly talked about. These stocks include Tesla, Apple, Microsoft, Amazon, Google, Meta, and Nvidia. Since the start of the year, their performance has varied greatly.

Let’s take a closer look at how these stocks have performed over the last five months.. . . . .

Reading Time : 3 Minutes