Markets make sharp recovery but a third of stocks still in the red

Despite the Sensex reaching record highs, over a third of actively-traded NSE stocks remain below June 3 levels. Exit poll optimism was shattered when BJP's election results fell short, causing a 9% index drop. Stability post-election helped markets recover, with the Sensex surpassing its previous high. \r

However, 18 Nifty 50 and 193 Nifty 500 components are yet to fully recover, notably PSEs, infrastructure, and Adani group firms. Axis Asset Management's CIO, Ashish Gupta, advises staying invested, emphasizing political stability's market impact. Top gainers include IT, FMCGs, and financial stocks. Bernstein expects economic growth but cautions on earnings and valuations. \r

Despite the market cap dip from June 3, it's still up significantly since election results.