Election Financial News

Lok Sabha Election Results 2024 Live Updates: The final count for the Lok Sabha 2024 elections has concluded, and the Election Commission of India has announced the outcome for all Lok Sabha constituencies. The BJP emerged victorious in 240 out of 543 seats, while the Congress secured 99 seats.

Top Events of the Day: Leaders of the INDIA Bloc will meet in Delhi on Wednesday to plan their next steps after the recent Lok Sabha elections, signalling a potential shift in the political landscape. NCP chief Sharad Pawar highlighted the environment that is favourablefor transformation.Also Read | RBI not in a hurry to cut interest ratesThe Union Cabinet will meet on June 5 morning to take stock of the Lok Sabha election results and may recommend the dissolution of the current Lok Sabha.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 5On Tuesday, the Indian stock market suffered a massive selloff after the Lok Sabha election result trends fell short of what the exit polls had predicted, spooking investors.The Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.“Markets will likely shed the 'Modi premium,' causing a correction in PSU and infra stocks. Once this turbulence stabilizes, attention will shift to the core macro factors affecting India.

PSUs) tanked in Tuesday's trading as investors worried about their prospects after the Bharatiya Janata Party failed to secure a thumping majority in the general elections — considered key for further gains in these stocks. Investors are concerned that a weakened BJP-led coalition government's focus on reviving state-owned companies could hit a roadblock in its third term. The BSE's PSU index tumbled 15.7%, its highest single-day losses ever, while the Sensex and Nifty dropped between 5% and 6%. Power financier REC slumped 24%, followed by Power Finance Corporation, Container Corporation of India, Bharat Electronics, BHEL, SAIL which have declined between 18-22%. Most PSU stocks tanked over 10% during the day. The sell-off eroded ₹10.62 lakh crore of PSUs' market capitalisation in a day.

markets reacted sharply on Monday to the NDA falling short of expectations in the Lok Sabha elections, which triggered a loss nearly 6% to both Sensex Nifty «The markets are pricing the risk associated with this scenario, and the potential impact of a shift toward socialist policies by the government, thus leading to a sell-off,» said Yashovardhan Khemka, Senior Manager, Research & Analytics at Abans Holdings.

BJP falling short of the halfway mark on its own but managing to get past the post as the National Democratic Alliance.

INDIA bloc defied the ruling party’s disparaging characterisation of the coalition as a ramshackle grouping of unelectable parties with a striking poll performance — especially in the key state of Uttar Pradesh — that prevented the Bharatiya Janata Party (BJP) from achieving a majority in the Lok Sabha on its own. The Congress led INDIA with a tally of 99 seats, followed by the Samajwadi Party (37), the Trinamool Congress (29) and others, taking the coalition’s number to 234, bringing it the closest it has been to the prospect of power in a decade, faring much better than exit poll figures on Saturday and triggering a plunge in the stock market, which had been expecting the BJP to do much better.

Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year.

democracy! Rarely has an election ended with the losers celebrating more than the winners. The BJP’s claim that it would exceed 400 seats has been exposed as a fairy tale. Voters have sent an unmistakable message that India is not going to become a saffronised fiefdom of the BJP.

Lok Sabha elections 2024 Results: June 4 is here, and people across the world have set their eyes on the clock as the biggest democracy is all set to get its new government. The year 2024 is packed with elections across several nations, and India's general election is one of the most crucial ones, as the new government will be formed amid intense geopolitical tensions and wide trade disruptions.

implications for Native American communities, the state's oil industry and the #MeToo movement. New Mexico has a closed primary system that limits participation to voters who register with major parties, leaving out Independent or unaffiliated voters, but not Libertarians. Making it through to the general election might hinge on small margins because of generally low turnout.

Also read: Lok Sabha election results: Basant Maheshwari warns PSU stock holders of downtrend, says to 'analyse shares'Nifty 50 plummeted 8.5 percent to reach its intraday low of 21,281.45, opening at 23,179.50, on Tuesday. The Sensex began trading at 76,285.78, and it fell 8.2 percent to reach 70,234.43.Sensex concluded the day at 72,079.05, down 4,390 points, or 5.74 percent, while Nifty 50 finished the day at 21,884.50, down 1,379 points, or 5.93 percent.“Indian equities plunged after the vote counting trends suggested a lower seat count for the ruling NDA government.

Netflix Games will release The Dragon Prince: Xadia on iOS and Android on July 30, 2024. This release coincides with the sixth season of The Dragon Prince series, premiering on July 26, 2024.

Shondaland’s Black Barbie documentary details the creation of influential dolls. It features interviews with the women behind these dolls at Mattel and others involved in their development.

Google reveals that the major IT organization collected children's voice data without proper authorization, license plate numbers, carpool routes and private home addresses, according to a 'New York Post' report.

MW3 and Warzone collaboration with Mobile Suit Gundam Legends is here. Learn about the event's start date, rewards and more. This event adds exciting content for fans of both franchises, a Dexerto report said.

Demi Moore has struck up a new flirty friendship with popular singer and actor Joe Jonas, according to a few sources, says a PageSix report. It is not known yet whether both of them are in the 'dating' phase, but rumors around both of them are currently on the hype as they have recently bonded after meeting in France last month.

Netflix is expanding its library of mobile games! As of June 2024, more than 97 of their games can be played on phone or tablet. As per the reports of What’s on Netflix, various PC games are now undergoing testing as well. However, this is only the start.

Los Angeles Clippers. This notorious past involving one of basketball’s well-known controversies will come to light in a new documentary named ‘Clipped’ which is streaming on OTT Platform Hulu. The documentary will show the team’s owner Donald Sterling, played by Ed O’Neil who fell out of grace for promoting a toxic workplace culture, racism and more. It not only shows the toxic behavior of the owner but also the effects it had on the players, the team management and other staff. It affected their morale and this in turn affected their performance.

TV series, is the brainchild of comedian Ramy Youssef, and although considered a sitcom, it is much more than that as it delves into the realities of the phases of life while living in New Jersey.

Delta Passenger had a bad encounter brought on by a fellow passenger's mishap in the restroom. The whole cabin smelled bad after the incident. A thoughtful traveller commended the flight attendant for her professionalism in handling the matter, as per a Netflix report.