Election Financial News

Shiv Sena (UBT) leader Sanjay Raut on Monday took a jibe at BJP for a poor show in Lok Sabha election 2024, as compared to polls in 2019, noting that it is a moral and political defeat for the party. Also, amid PM Modi's retirement rumours, he said ‘janata has already retired him’.Speaking to news agency ANI, Raut said, "Modi Ji has lost, BJP has lost; this is their moral and political defeat.

Lok Sabha Election results 2024: What does lack of BJP majority mean for market, economy? Foreign brokerages weigh inThe wild swing in the market was mirrored by the volatility index, India VIX, which plunged 15 per cent on Monday, surged 28 per cent on Tuesday, and then fell 29 per cent on Wednesday.While government policies can shape economic outlook and market dynamics for the long term, historical trends show election outcomes are short-term triggers for the market. Experts believe there may be some shift on the policy front after the new government is formed, but they do not see a material impact on India's macroeconomic landscape.Also Read: A weaker mandate for NDA may trigger a shift in policies, but the macro backdrop may not change materially: Emkay GlobalWhile no major impact on the macro parameters is expected, the market is expected to closely observe government policies and the Union Budget in the near term.Rahul Singh, CIO - Equities at Tata Asset Management, believes the election result may lead to a more balanced market."Risk-reward in large caps and underperforming sectors like banking and consumer appears more favourable.

RVNL Share Price Today: Shares of Rail Vikas Nigam Ltd (RVNL) rallied six per cent during intra day on Wednesday, June 5 after securing back-to-back orders. RVNL has given multi-bagger returns to investors over the last one-to-three-year periods.

ALSO READ: 'PM Modi defeated because...': How 1% drop in vote share put BJP below majorityThe INDIA bloc leaders will meet at Congress president Mallikarjun Kharge's residence on Wednesday evening to deliberate on the Lok Sabha poll results, decide on the strategy to form the government, and consider reaching out to former allies Nitish Kumar and Chandrababu Naidu.ALSO READ: Lok Sabha election 2024 results: Did Narendra Modi's Muslim pitch backfire?The TDP and JD(U) have already dismissed suggestions of defecting to the opposition alliance.Opposition leaders, including NCP-SP’s Sharad Pawar, DMK’s MK Stalin, JMM’s Champai Soren, TMC’s Abhishek Banerjee, Samajwadi Party’s Akhilesh Yadav, RJD’s Tejashwi Yadav, CPM’s Sitaram Yechury, and CPI’s D Raja are likely to attend the meeting, along with Congress leaders Sonia Gandhi and Rahul Gandhi.

Devendra Fadnavis, Maharashtra Deputy chief minister and BJP leader, takes responsibility for the drubbing loss in the state in the Lok Sabha elections 2024 and urged the senior leadership to ‘to relieve me from the responsibility of the government’Fadnavis said on Wednesday, "I take full responsibility for the BJP's defeat in Maharashtra. I fell short in some places, and the setback in Maharashtra is my fault."To focus on the next assembly elections and fix the shortcomings, I request the top brass of my party to relieve me of my government duties.

Smriti Irani lost the Amethi seat by a margin of 1,67,196 votes to Congress leader KL Sharma. She had previously defeated Rahul Gandhi in the 2019 elections to secure the Congress bastion.

Why is Indian stock market rising after TDP leader Chandrababu Naidu's statement?Comments from top brokerage firms that the election outcome was a short-term trigger for the market and had no material impact on long-term growth prospects also appeared to boost market sentiment.

Nitish Kumar came to the national capital in the same flight from Patna airport. Since the Lok Sabha election results were out, both the BJP-led NDA and the Opposition INDIA bloc are strategising their next steps to form a new government at the Centre.Prime Minister Narendra Modi secured a third term, but the BJP need the support of other parties in his coalition, primarily JDU chief Nitish Kumar and TDP chief Chandrababu Naidu.Nitish Kumar who has a history of changing sides at key moments, might play a crucial role. Memes of 'palat' also emerged on X.

prime minister chaired a meeting of the Union Cabinet, which recommended the dissolution of the 17th Lok Sabha, whose term ends on 16 June.According to people familiar with the development, the Cabinet meeting also took stock of the Lok Sabha election results and discussed likely government formation.As per election results on Tuesday, the Bharatiya Janata Party (BJP) saw its seat count dip to 240—a loss of 63 seats from the 303 it won five years earlier. While the ruling party is far from a simple majority of 272 seats in the 543-member Lok Sabha, the BJP-led National Democratic Alliance (NDA) has crossed the halfway mark with 293 seats, securing a clear third term.The opposition INDIA alliance managed 233 seats, led by the Indian National Congress, which nearly doubled its Parliament strength to 99 seats.In the 2019 election, the NDA had won 353 seats, while the main opposition, the Congress party-led United Progressive Alliance, had secured a modest 91 seats.Rating agency Moody's on Wednesday said the victory of the NDA in the recently concluded Indian general election would result in policy continuity.

Indian stock market, leading IT stocks are witnessing sharp upside movement during Wednesday deals. The Nifty IT index, a benchmark index for the IT sector on the National Stock Exchange of India, has risen to 2.50 percent, while it was one of the least affected segments during a stock market crash on Tuesday.

Follow Lok Sabha Election Results 2024 LIVE Updates hereMoitra's victory margin was 56,705 votes. She bagged 6,24,711 votes and was leading by an irreversible margin of 57,083 over her nearest BJP rival Amrita Roy, who managed to pocket 5,67,628 votes.

₹31 lakh crore as the total market capitalisation (m-cap) of the companies listed on the BSE fell to almost ₹395 lakh crore from almost ₹426 lakh crore in the last session.Also Read: Stock market today: Nifty 50 records biggest single-day fall in over 4 years; Sensex crashes over 4,000 pointsWhile the India bloc makes significant gains, investors are discouraged that the Bharatiya Janata Party (BJP) did not get a majority of votes.According to market experts, the negative takeaway from ‘Election Results 2024’ was that the street is still not out of the woods yet, as there is still too much of uncertainty in the outcome of the 2024 Lok Sabha election results. Volatility is likely to be the hallmark of near-term trading.The Nifty 50 ended nearly 6% lower at the outset of the general election outcome.

Prime Minister Narendra Modi has clinched a third term. Yet, the BJP depends on other parties within his coalition, notably JD(U) chief Nitish Kumar and TDP's chief Chandrababu Naidu, as they fall short of the 272 majority mark by 32 seats.

resignation along with Cabinet to President Droupadi Murmu, said Rashtrapati Bhavan in its official statement.

Ashneer Grover, co-founder of BharatPe and former 'Shark Tank India' judge, took to social media to share his thoughts on the 2024 Lok Sabha election results while visiting the Statue of Liberty in New York. His visit coincided with the announcement of the election outcomes. Grover posted a photo at the iconic monument and expressed his admiration for the Indian electorate.

elections witnessed the rise of a new generation of leaders, breaking age barriers and redefining the political landscape. Among these trailblazers is a group of individuals, all aged 25, who emerged victorious, securing seats in the lower house of Parliament. Notably, among these four youngest candidates are three women: Priya Saroj, Shambhavi Choudhary, and Sanjana Jatav.

BJP candidate from Faizabad, where Ayodhya Ram Mandir was situated, Congress leader Pramod Tiwari slammed BJP, saying that the party is a 'Vyapari' of Lord Ram not 'Pujari'.

victory against BJP's Sanjay Tandon, Chandigarh's Congress candidate Manish Tewari claimed that the 18th Lok Sabha elections witnessed the ground issues of inflation, unemployment, and the concern that people had towards the Constitution.

Ray Dalio said internal conflicts will be the “highlight of this year,” particularly on the issue of whether the US election result will be accepted by both parties. The policies from an administration run by Donald Trump would be very different from a Democratic one, Dalio said during a video speech at the Greenwich Economic Forum in Hong Kong Wednesday. However, on anti-China policies, there’s broad agreement between the two parties.

NDA, the actual vote count so far shows a considerable decline (240 for BJP alone vs 302 in 2019). This effectively highlights the formation of a weaker alliance government in the offing, thereby reducing the dominance of the BJP. This will mark the return of the coalition government politics in India. Political economy to dominate policies: BJP is expected to face an increasingly disproportionate impact from the alliance partners thereby compromising the bargaining power significantly. Also, compared to the previous two election periods of 2014 and 2019, the influence of the opposition has grown stronger.

Manipur, defeating the BJP-National People's Party (NPP)-Naga People's Front (NPF) alliance on Tuesday. Angomcha Bimol Akoijam won in the Inner Manipur constituency, while Alfred Kan-Ngam Arthur triumphed in the Outer Manipur constituency.