Election Financial News

BJP leaders have begun introspection into the reasons that led to the disappointing performance. Party office bearers maintain that while Prime Minister Narendra Modi has almost maintained his popularity among the voters, several mistakes in candidate selection and the growing perception among Dalits that the BJP will re-write the constitution if it achieves «400 par» target are the primary reasons for its dismal performance.

BJP dependent on allies to run a stable government at the Centre, the focus has shifted to possible demands Bihar chief minister Nitish Kumar could make on berths in the Union Council of Ministers and financial and other relief for the state.

Assam chief minister Himanta Biswa Sarma said that a particular religion has not voted for NDA in Nagaland, Meghalaya and Manipur.

BJP's Rae Bareli candidate Dinesh Pratap Singh, who lost to Rahul Gandhi, said on Wednesday that he will be on a partial leave only on Saturdays and Sundays for a year and hoped the Congress leader will solve the problems of the locals. According to the Election Commission (EC), Rahul Gandhi secured a total of 6,87,649 votes against Dinesh Pratap Singh who got 2,97,619 votes.

Muslim candidates across the country have won the Lok Sabha elections and they include former cricketer Yusuf Pathan of the Trinamool Congress from Bahrampur in West Bengal and Congress' Rakibul Hussain from Dhubri in Assam. However, the community's presence in the 18th Lok Sabha has reduced marginally from 26 last time but is higher than the 2014 tally when 23 Muslim candidates were elected to the lower house of Parliament.

Droupadi Murmu hosted a dinner on Wednesday for Prime Minister Narendra Modi and the outgoing council of ministers at the Rashtrapati Bhavan here. The event was also attended by Vice President Jagdeep Dhankhar and Lok Sabha Speaker Om Birla.

TMC MP Saket Gokhale has asked securities market regulator Sebi to investigate the June 3 stock market manipulation triggered by election exit polls. In a letter to Sebi chief Madhabi Puri Buch, Gokhale said multiple exit polls predicted a landslide win for the BJP. But, one exit poll predicted “extremely strange” and “inflated seat numbers” for the BJP in several Indian states.

Memes galore as ChatGPT crashes during Lok Sabha elections 2024 results, 'how am I supposed to work?'Ali Sethi acknowledged the doppelgänger in a light-hearted post in which he also tagged the Bengaluru resident Shubham Nalat.Sethi, in a witty post, said, “Apparently I lost some votes in India." A post shared by Ali Sethi (@alisethiofficial)The talented singer's post has since garnered nearly 38K likes. Instagram users also flooded the comments section with humorous comments.Also read: Memes galore as BJP's ‘Abki Baar 400 Paar’ campaign falters, INDIA bloc gains momentum"Careful there.

Election Results 2024: Here's what to expect from Indian stock market and what should be your trading strategyMarket analysts had anticipated PSU, defence, railways and renewable energy stocks to outperform post elections. However, experts are now skeptical as the election outcomes fell short of expectations, leaving the BJP in a position where it must rely on the NDA alliance to establish a government, causing concern among investors.Brokerage firm Emkay Global recommended investors to switch from PSUs and Capital Goods to FMCG stocks."We see Narendra Modi returning as PM but in changed circumstances.

It takes market about one week after poll results to revert to pre-election levels, says JPMorganBenchmark equity indices Sensex and Nifty made a strong comeback on Wednesday, surging over 3 percent each after suffering significant losses in the previous session due to below-expectation Lok Sabha poll results.Recovering from Tuesday's downturn, the 30-share BSE Sensex jumped 2,303.19 points, or 3.20 percent, to close at 74,382.24, driven by value buying in banking, auto, and oil shares. Meanwhile, the NSE Nifty climbed 735.85 points, or 3.36 percent, to 22,620.35.Despite the NDA securing a comfortable majority in the 543-member Lok Sabha with over 272 seats, the BJP fell short of the magic number for the first time since 2014, relying heavily on its allies for government formation.

Uttar Pradesh and Maharashtra "where there was a direct alliance." In states such as West Bengal and Punjab — where the alliance partners contested against each other — the alliance managed to reduce the BJP-led NDA's seat share. Moreover, analysis showed that regional parties seemed to have gained more than the Congress in West Bengal, Kerala and Punjab where INDIA bloc allies were in contest against each other.Uttar Pradesh: The SP won 37 seats – the maximum among all the other parties. The Congress won six seats of the total 80 Lok Sabha seats.

Congress party, which had routed the BJP from the Lingayat bastion of Mumbai-Karnataka in the assembly polls last year, failed to recreate the magic in the Lok Sabha elections, winning just one out of seven seats in the region. Hyderabad-Karnataka, however, proved to be a different story, with AICC president Mallikarjun Kharge's home ground faithfully voting in his party in all its five seats.

Kishori Lal Sharma, the newly elected Member of Parliament from Amethi, Uttar Pradesh, met with top Congress leaders Sonia Gandhi, Priyanka Gandhi, and Rahul Gandhi in Delhi today. Sharma, who recently defeated BJP's Smriti Irani in a high-profile contest, visited the Gandhis to submit Rahul Gandhi's winning certificate and seek their blessings.

India's Lok Sabha Election results for 2024, Pakistani-American singer Ali Sethi unexpectedly found himself in the spotlight, not for his musical talents but for a strikingly similar lookalike spotted on an Indian news channel. Sethi, known for his soulful voice and musical compositions, took to Instagram to share a snapshot from the broadcast featuring his doppelganger.

Anupam Mittal, the CEO of Shaadi.com and a judge on Shark Tank, along with Ashneer Grover, former MD and co-founder of BharatPe, have shared their insights on the outcome of the 2024 Lok Sabha elections.

JDS state president HD Kumaraswamy and Pradesh Congress Committee (PCC) president DK Shivakumar had been locked in an intense battle over the past 18 months to prove their popularity in the Vokkaliga heartland of Old Mysuru region. This only intensified after the Congress won in the assembly polls last year, leaving the regional party deeply wounded.

Bihar Chief Minister Nitish Kumar, RJD leader Tejashwi Yadav said on Wednesday that both of them greeted each other and Nitish called him to sit with him.

Acha, dekhten hai, Rashtrapati Bhavan ko bataya? Acha theek hai dekhten hai [We will see, did he tell this to President, okay we'll see]," Tharoor said while speaking with news agency ANI on Wednesday. Several reports claimed on Wednesday that Prime Minister Narendra Modi may take oath for a third time on Saturday, June 8.Tharoor's statement came a day after the Election Commission declared the Lok Sabha Elections 2024 results.

reforms under a coalition government owing to increased reliance on allies this time compared to the single-party majority seen in the previous two terms. As such, the broad policy direction may not materially change, but a potential tug-of-a-war between driving consumption and capital expenditure (capex) could keep equity investors on tenterhooks. Kotak Institutional Equities expects the new government to continue with its investment-led economic agenda, but it may tweak its priorities to support consumption and employment.