India Financial News

04.06 / 10:01
security Instagram social reports ChatGPT down for thousands of users globally. OpenAI says ‘working on a fix’
China against ChatGPT; introduces its own secure AI system rooted in Xi Jinping's ideologyAccording to Downdetector data, 81% of users who reported problems said they had problems accessing ChatGPT, 14% said they had problems accessing the OpenAI website and 5% had problems using the ChatGPT app.While acknowledging the issue in a support page, OpenAI wrote, “ChatGPT is unavailable for some users". In a post on the same support, OpenAI wrote on 1:32 AM PDT (around 2:00 PM India time), “Identified the issue and mitigating."In an ensuing post, OpenAI wrote, “We are continuing to work on a fix for this issue."Meanwhile, ChatGPT users went on social media websites like X (formerly Twitter) and Instagram in order to verify if the AI service was actually facing issues.Aso Read | Scarlett Johansson alleges ChatGPT sounds just like ‘her’.
04.06 / 09:45
UPS Election DAL country Updates Mayawati's BSP trailing in all 80 Lok Sabha seats in Uttar Pradesh
Uttar Pradesh, Mayawati-led Bahujan Samaj Party is trailing behind in all 80 Lok Sabha seats in Uttar Pradesh. Currently, the BSP has garnered about 1.92 per cent votes in the country and 9.16 per cent votes in Uttar Pradesh, as per Election Commission data.
04.06 / 09:45
markets UPS Election WhatsApp Updates Bengaluru Rural Lok Sabha Results: Congress' DK Suresh concedes defeat to BJP's Dr CN Manjunath
Karnataka Congress leader DK Suresh conceded defeat to BJP's Dr CN Manjunath in the Bengaluru Rural Lok Sabha constituency. Suresh trailed by 253487 votes as per Election Commission of India's (ECI) latest update. Manjunath leads with a massive 1028966 votes, as against Suresh's 775479 votes.
04.06 / 09:45
UPS security Election trends performer Updates Diamond Harbour Election Result 2024: TMC's favorite nephew Abhishek Banerjee wins seat with over 5 lakh vote margin
Abhishek Banerjee, the national general secretary of the Trinamool Congress (TMC) and nephew of West Bengal Chief Minister Mamata Banerjee, is leading from Diamond Harbour by over 5 lakh votes. According to the latest trends from the Election Commission of India, Banerjee has secured 681,448 votes against his Bharatiya Janata Party (BJP) opponent Abhijit Das, who has received 176,652 votes.
04.06 / 09:45
UPS Racing security Election DAL Jalandar Election Result 2024: Congress' Charanjit Singh Channi wins in Jalandhar with margin of 1,75,993 votes
Charanjit Singh Channi, the former Chief Minister of Punjab, has secured a decisive victory in the Jalandhar Lok Sabha constituency. Channi, representing the Indian National Congress (INC), defeated his main opponent, Sushil Kumar Rinku from the Bharatiya Janata Party (BJP), by a substantial margin of 1,75,993 votes.
04.06 / 09:45
markets UPS Election trends Trade Multimedia Bloodbath on Street: Tata Tech among 353 stocks at 52-week lows, crash up to 20%
stocks hit their 52-week lows on Tuesday as the markets crashed after the early trends suggested that the NDA will form the government but with a lesser- than-expected majority. Shares of Veritas Advertising and Bodhi Tree Multimedia saw the highest fall of nearly 20% each on Tuesday to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows. These estimates led the benchmark indices Sensex and Nifty losing over 7% each in what is the biggest fall in over 4 years. Tata group companies Tata Elxsi and Tata Technologies shares also fell 7.8% and 5%, respectively, on Tuesday while those of HDFC Life Insurance Company fell by 7% to new 52-week low on the BSE.
04.06 / 08:27
markets Election trends show 2020 Headlines Nifty crash worst single-day fall since Covid days. What should investors do?
Nifty today suffered its biggest fall since March 2020 when the whole world was stressed about Covid-19. The headline equity index erased all gains made in the calendar year 2024 and fell below the 21,300-mark after vote counting for elections showed BJP may not win as many seats as the market had priced in. While Sensex fell up to 6,234 points during the day, Nifty bulls saw an erosion of nearly 2,000 points at day's low. On BSE, over 3,400 stocks fell with 745 hitting the lower circuit limit and 285 stocks touching 52-week low levels.
04.06 / 08:27
markets Enterprise Election WhatsApp MSCI Updates Top 10 stock losers in Asia are all from India on tight election
stocks in the wake of a possibly narrower-than-expected victory for Prime Minister Narendra Modi has weighed on the broader Asian market. The 10 biggest losers on the MSCI Asia Pacific Index are all from India. They consist of state-run companies and units of the Adani group, which rallied on Monday after exit polls initially projected a landslide win for Modi.
04.06 / 08:27
UPS security Election performer 2024 ELECTION Congress party 2024 election winner list: Check full data of INC winning candidates in Lok Sabha polls
Congress party, which had put forward 328 candidates for the Lok Sabha elections, was leading in 99 constituencies nationwide on June 4, surpassing the predictions of various exit polls on June 1.
04.06 / 08:27
markets UPS Booking Election Trade country We continue to remain positive on Indian equities: Prashant Jain
"India's nominal GDP is growing around 10-11% because we are fundamentally a lower inflation country. So, I think to that extent we need to reset our long-term return expectations," says Prashant Jain, 3P Investment Managers. You were telling us about your next seven-year idea. Seven years back, it was PSUs. And it cannot be a SIP. I think buy Indian equities because India's growth is accelerating. You cannot ignore that. Our cost of capital is lower, you cannot ignore that. The local flows are sizable. And our bank balance sheets, company balance sheets are extremely good. Our current account deficit is low. The external environment is very conducive whether you talk about manufacturing or about services. So, I think I would be positive on India. I would continue to be positive on Indian equities. And see, please appreciate what happened yesterday. If something moves up 10%, 12%, and it is pricing in a lot of expectations. After all, what changed in a single day yesterday? Nothing.
04.06 / 07:51
markets security Election Trade Experts track Updates Stock market today: Nifty 50 falls to over 4-month low as possibility of no majority for BJP haunts investors
Track live market updates hereThe massive selloff made investors poorer by nearly ₹38 lakh crore in a single session as the overall market capitalisation (mcap) of companies listed on the BSE plummeted to nearly ₹388 lakh crore in intraday trade from nearly ₹426 lakh crore at the previous session's close.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedExperts pointed out that a slim majority for NDA may trigger short-term uncertainty on the policy front. However, the overall outlook for the Indian stock market may not drastically change."Investors should adopt a cautious approach if the NDA secures a slim margin in the 2024 Lok Sabha elections.
04.06 / 07:51
markets UPS Election Trade Experts Updates Share market today: India VIX soars over 40% as market frets over the prospects of slim margin of BJP-led NDA
Also Read: Election Results 2024 Sensex Crash Live Updates: Bloodbath on Dalal St. as Sensex falls 4,600pts, Nifty down 6.2%BSE-listed companies erased market-cap of nearly ₹40 lakh crore. The Sensex fell below 72,000 and the Nifty 50 fell below the 21,200 mark, falling by around 7% each.
04.06 / 07:51
Election trends show reports Courts Madhya Pradesh Lok Sabha elections 2024: Over 1.4 lakh NOTA votes in Indore. Will Congress' prediction be true?
Madhya Pradesh Lok Sabha elections 2024: Early trends of the Lok Sabha poll votes in Indore in Madhya Pradesh showed that NOTA (None of the Above) has bagged over 1.4 lakh votes till noon on Tuesday.According to the Election Commission of India's (ECI) data, as many as1,44,842 NOTA votes were casted till 12 noon on Tuesday.NOTA allows the voters to officially register a “vote of rejection" for all candidates contesting in an election. It was introduced in September 2013 following a Supreme Court decision.While 14 candidates were in the fray in Indore, the main battle is between BJP's sitting MP Shankar Lalwani and NOTA, PTI reported citing observers.Voting in Indore took place on May 13, with 61.75 per cent of the 25.27 lakh electors exercising their franchise.Congress, which was pushed out of fray from Madhya Pradesh's Indore Lok Sabha seat after its candidate withdrew, claimed on Monday that NOTA would bag two lakh votes.On April 29, Congress faced a significant blow when its candidate, Akshay Kanti Bam, withdrew his nomination.
04.06 / 07:51
markets Racing Election trends Trade Experts Interviews PM Modi, Amit Shah’s bullish claims for Indian stock market shatter as Nifty 50 Sensex crash 8% on Election results 2024
₹40 lakh crore. All the sectoral indices were trading with substantial losses, particularly public sector unit (PSU) stocks.This market reaction starkly contrasts with the optimistic projections made by Prime Minister Narendra Modi and Union Home Minister Amit Shah last month.
04.06 / 07:51
markets UPS Racing Align Election trends Stock market meltdown: Zomato, Nykaa, Paytm, other new-age tech stocks crash up to 17%
Zomato shares cracked 16%, Honasa Consumer shares tanked 17%, while Delhivery and Nykaa stock price plummeted over 8% each and PB Fintech shares dropped over 6%.The fall in new-age tech stocks was in-line with the broader market selloff. The overall market capitalisation (mcap) of BSE-listed companies plummeted by nearly ₹40 lakh crore to ₹388 lakh crore.Read here: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedIndian markets witnessed a sharp selloff on Tuesday, June 4, erasing all of Monday's gains as early trends indicated that the Lok Sabha election results could be tighter than exit polls had predicted.These unexpected trends in election results 2024 caused panic among investors, with both the frontline indices, Sensex and Nifty 50, witnessing their biggest single-day fall in more than two years.
04.06 / 07:51
security Election trends President country reports Lok Sabha Election Results 2024: BJP’s Rajeev Chandrasekhar leads Shashi Tharoor of Congress in Thiruvananthapuram
According to the latest data from the Election Commission of India, Rajeev Chandrasekhar got 2,02,742 votes, Shashi Tharoor 1,80,833 votes, and Pannian Ravindran of the CPI received 1,44,613 votes.In Kerala, Congress leads at 12 seats, and IUML and CPI(M) lead at two seats each. The BJP has also secured leads in two Constituencies: Thrissur and Thiruvananthapuram.
04.06 / 07:51
markets UPS Racing Election Trade International Multibagger PSU stocks including PFC, REC, RVNL fall up to 20%; Nifty PSE index hits 2-month low
₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.
04.06 / 07:51
UPS Racing Election stage Updates Smriti Irani, Amethi Election Results: Smriti Irani trails Congress's KL Sharma by 50,758 votes in highly contested race
Uttar Pradesh, is currently trailing.The Congress candidate, KL Sharma, a loyalist of the Gandhi family, has surged ahead with a lead of over 50,758 votes.This development could indicate a significant shift in Uttar Pradesh during this election, potentially setting the stage for a major upset.Also Read: Smriti Irani, Amethi Election Results 2024 Live Updates: Smriti Irani trailing with a margin of 47,424 votesMeanwhile, Rahul Gandhi is leading from Rae Bareli with 1.24 lakh votes.The INDIA bloc is leading in 43 Lok Sabha seats in UP, while the BJP-led NDA is ahead in 36 seats.Among the INDIA bloc parties, the Samajwadi Party (SP) and Congress are leading in 34 and nine seats, respectively, according to the election panel's data for the 80 parliamentary constituencies in the state. Meanwhile, the BJP is leading in 34 seats, with its ally Rashtriya Lok Dal (RLD) ahead in two.Also Read: Election Results 2024 Live Updates: NDA nears 300 seats; INDIA bloc defies exit poll predictions with 222 leadsNotably, Chandrashekhar of the Azad Samaj Party (Kanshiram) is leading by a margin of 53,250 votes over BJP's Om Kumar in the Nagina constituency.Several prominent leaders have secured comfortable leads over their rivals, including Prime Minister Narendra Modi in Varanasi, Home Minister Rajnath Singh in Lucknow, Samajwadi Party chief Akhilesh Yadavin Kannauj and his wife Dimple Yadav from Mainpuri.
04.06 / 07:51
markets Strategy Election trends Trade Experts recommendations Election results: Markets crack 5%! Is today's fall an opportunity for long-term investors? Experts advise strategy
₹26 lakh crore in intraday deals to around ₹400 lakh crore from ₹426 lakh crore in the previous session.The BSE Sensex tanked as much as 4,131.44 points or 5.4 percent to its day's low of 72,337.34. Meanwhile, the broader Nifty crashed 1,263.3 points or 5.4 percent to its 22,000.60.Meanwhile, in the previous session on Monday, the Indian stock market experienced its biggest single-day rally since January 2021.
04.06 / 07:51
security Election trends show stars Lok Sabha results 2024: Mamata Banerjee holds West Bengal fortress as per trends, TMC leads in 31 seats
ALSO READ: Lok Sabha Election Results 2024 Live UpdatesTMC national general secretary Abhishek Banerjee is also leading from Diamond Harbour by a margin of over 2,11,000 votes.In the Krishnanagar Lok Sabha seat, TMC's Mahua Moitra is leading by over 35,000 votes against the BJP's Amrita Roy.In the trouble-hit Barrackpore Lok Sabha seat, TMC Partha Bhowmick is leading by 3,500 votes against the BJP's Arjun Singh.TMC's star candidate, Shatrughan Sinha, is leading by 26,000 votes in the Asansol Lok Sabha seat against BJP's Surendrajeet Singh Ahluwalia.ALSO READ: Lok Sabha Election Results 2024 Reactions LIVE UpdatesLooking at the vote share until now, the TMC received 47.29 per cent of votes, while 37.26 per cent of votes fell into the BJP's kitty.Overall, early trends show that the BJP is leading in 243 seats, the Congress in 94 seats, the Samajwadi Party in 33 seats and the Trinamool Congress in 31 seats. As per trends, the INDIA bloc is leading in 227 seats and the NDA is leading in 295 seats.ALSO READ: West Bengal Election Results 2024 Live UpdatesIn the 2019 Lok Sabha elections, the NDA secured a total of 353 seats, whereas the UPA won 93.
04.06 / 07:51
Citi Progressive Analysis Metro Election show Lok Sabha Election: BJP leading in India’s metros, set to increase vote share
India’s urban centres, seen as hubs of progress, often appear to take on a prime role in shaping the political discourse. Voting numbers at around 10.45 am in 30 select constituencies across six metro cities show that Narendra Modi’s Bharatiya Janata Party (BJP) has increased its vote share to 44.4% in the current Lok Sabha election, from nearly 39% in the 2019 election and 32% in 2014. Congress’ vote share in these constituencies has also increased, from 17.8% in the previous national election to nearly 21% as of the latest data.

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