Election Financial News

inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.

Joe Biden and his Republican rival Donald Trump traded attacks on abortion and their handling of the economy early in their debate on Thursday night, giving voters a rare side-by-side look at the two oldest candidates ever to seek the U.S. presidency. Biden, sounding hoarse and tentative at times, stumbled over his words on occasion, while Trump rattled off one attack after another that included several well-worn falsehoods, including claims that migrants have carried out a crime wave and that Democrats support infanticide.

«I would say at this point, wait. I know I think markets will react as they are, markets will just be markets and throw volatility at you just to excite you all the time. But I think at some point, we got to wait to get some reaction from the companies and see some numbers in the results,» says Deepak Shenoy, Founder, Capital Mind. Just wanted to get your views on the IT sector that we are trying to get the conversation going with. What is the view? Deepak Shenoy: So, I think we will wait for results. Basically, because the problem right now that you are seeing in the IT sector is that you are not really sure of the spends that are happening abroad. And a lot of places you are having issues, specifically in Japan and in Europe, you are having a different, more recessionary impulse there. America, you are having a different situation where spending has actually slowed down quite a bit and then they are not actually giving you big deals.

«So, from valuation standpoint, things do look to be very favourable. But I think Q1 performance is going to be quite muted for FY25 because we have not seen any large ticket films doing well. IPL, World Cup, elections, all these things have been a dampener as far as Q1 occupancy is concerned. Q2 obviously will be better versus Q1. But I think Q3 will be the quarter to watch out for because a lot of the large releases have been pushed to Q3,» says Karan Taurani, Senior VP, Elara Securities. Talk to us about the latest release which has been there, Kalki, and we have been seeing the trailers and all of that, it looks very-very impressive. I am sure you have managed to watch it already. Tell us your feedback and what kind of estimates you have on the box office collections. Karan Taurani: Have not watched it this time around. I am not a regional movie buff. So, I have not caught up on this one. So, I think in terms of box office, broadly, I think the numbers are going to be very good as far as opening is concerned. It is one of its kind. I think this movie is a perfect blend of star power, content which is mythologically content in nature and also the VFX.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.“The upmove in the markets has been gradual so far (except for the last 4 days) as participants are wary of the high valuations. They are also afraid of a sharp bout of profit taking which has not happened so far.

indices closed at fresh highs on Thursday, with Nifty and Sensex crossing the 24,000 and 79,000 milestones, respectively, for the first time, maintaining their bullish momentum since the election results earlier this month, amid high expectations from the budget after President Droupadi Murmu's speech in Parliament Thursday. Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers.

Donald Trump's from-the-hip style may start making financial markets volatile again — and that's just fine for a breed of global fast-money traders who thrive on that. With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the Republican's return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.

Nate Silver has predicted that Donald Trump is easily winning the upcoming US presidential elections in November 2024. His predictions are different from the various national surveys which have predicted a close competition between the two candidates. He has predicted that Trump will win by a large margin in the electoral college votes. In the event that neither of the candidates are able to secure the bare minimum votes of the electoral college, Trump will have an upper hand in the US Congress which will then elect the new president. He made these comments writing on the Silver Bulletin which is his Substack account. He added that though he is a supporter of Biden, all data reveals that Trump is on his way back to the Whitehouse.

Lok Sabha is set to turn stormy with INDIA bloc deciding to move adjournment motions on Friday to discuss NEET paper leak. The Opposition will move the motions under Rule 267. The decision was taken at a meeting of floor leaders of INDIA bloc parties held at the residence of Congress president Mallikarjun Kharge on Thursday. The Opposition parties unanimously decided to raise NEET, Agniveer, unemployment and other issues in Parliament. According to sources, a uniform strategy will be employed in both Houses. Both Houses are scheduled to debate the motion of thanks to the President's address on Friday. While Rajya Sabha's business advisory committee has allotted 26 hours for this discussion, the Lok Sabha is likely to allot a similar time. The business advisory committee of the Lok Sabha has not been formed yet.

Millions of American shoppers are contending with common drugstore items like toothpaste being locked behind Plexiglass these days

Thousands of doctors in England are staging their 11th walkout in a long-running dispute with the government over pay and working conditions

Nearly 2 million people go to the polls on Saturday in Mauritania

European Union leaders are poised to approve Ursula von der Leyen, António Costa and Kaja Kallas as the heads of the 27-nation bloc’s top institutions for the coming years

₹750,000 on income under the new tax regime, which is adding to the bullish sentiment," said A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC .

A flurry of megadeals early in the year failed to translate into a sustained recovery in mergers and acquisitions after the momentum was stymied by skittish central banks and geopolitical unease.

Why Zerodha MF believes its liquid ETF is ideal for traders If an ETF isn't traded very often, the spread can widen because there aren’t many participants to keep the prices close together. Examples of these include ETFs with low AUM or sectoral ETFs. During times of volatility, spreads can widen as market makers try to protect themselves from rapid price movements.

MUMBAI : PVR Inox Ltd’s shares are languishing even as the broader stock markets are in a good mood. So far in 2024, the shares have fallen by 11% compared to 16% gain in the Nifty 500 index. The immediate worry is that the June quarter (Q1FY25) is likely to be another dull one for the multiplex company.

₹1.12 lakh crore, compared to ₹1.04 lakh crore in FY 2022-23. The budget for FY2023-24 earmarked ₹68,804 crore for school education, ₹44,094.62 crore for higher education, and ₹37,453 crore for the Samagra Shiksha Abhiyan (SSA).

Union Budget will see India undertaking many historic economic policies and reforms will be undertaken at a faster pace, President Droupadi Murmu said in her Parliament address. «India is contributing 15 per cent to the global economy. In the upcoming sessions, this government is going to present the first budget of this term. This budget will be an effective document of the government's far-reaching policies and futuristic vision,» Murmu said as she addressed a joint sitting of the Lok Sabha and Rajya Sabha. Along with big economic and social decisions, many historic steps will also be seen in this budget," the President said.

Amartya Sen, commenting on the recent Lok Sabha election, said on Thursday that the results indicate India is not a 'Hindu Rashtra'. He criticised the practice of incarcerating people without trial, which he said has persisted from the British era and has become more prevalent under the BJP government compared to the Congress regime. Sen also addressed issues of wealth disparity, political openness, and secularism. Sen arrived in Kolkata from the US on Wednesday evening and shared his views with a Bengali news channel at the Netaji Subhas Chandra Bose International Airport. «That India is not a Hindu Rashtra only has been reflected in the election results,» Sen remarked.

WikiLeaks founder and whistleblower Julian Assange walked free after signing a plea deal with the United States, the US State Department termed his actions for which he pleaded guilty had put the lives of people, especially Washington's allies and diplomats, at risk. US State Department Mathew Miller also pointed that Assange served as a «conduit» for Russian intelligence interfering in the US presidential elections.