Election Financial News

needs to win 74 seats in the 147-member Odisha assembly to form the government in the state.Follow Assembly Election Results 2024 AP, Odisha Live Updates hereNaveen Patnaik has been the chief minister of Odisha since 2000. If re-elected this time, Patnaik would assume power for the sixth term and may go on to become India’s longest-serving Chief Minister, breaking former Sikkim CM Pawan Kumar Chamling’s record.

Stock market today: After the Lok Sabha election results are not coming in tune with the exit polls, the Indian stock market is under sharp sell-off pressure. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has tanked around 2800 points, and the Bank Nifty index has crashed over 2800 points during Tuesday deals.

Also Read: Investors lose ₹20 lakh crore within first 20 mins of trade as election race gets tighter than what exit polls predictedThe trends in the election results showed that Prime Minister Narendra Modi’s National Democratic Alliance (NDA) was leading, but with an unclear margin. The trends were not in-line with the exit polls, which indicated a thumping majority for the BJP, leading a sharp rally in the Indian stock market on Monday.

defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their respective lows of Rs 1,440.35 and Rs 287.25. Cochin Shipyard shares dipped nearly 9% while Hindustan Aeronautics shares fell 10%.

counting of votes has started in various parts of the country. In the southern party of India, NDA is leading as Congress who is currently in power at assembly level trails behind.

«One thing is consensus that they will come to power maybe with not 370 but maybe 300-320 that will be accepted by the market and we may be in a range with a day of profit booking. Does that change the trend? We will know only by the end of the day,» says Sanjiv Bhasin, Director, IIFL Securities. The initial polls are indicating that markets in a sense are getting what they want in terms of an election verdict. So, why is there a such a fall? Well, clearly a large part of everything was played out yesterday. The biggest bout of short covering. Now, it is difficult till 12 o'clock to get clear trends, but like I said if it is not such a big majority and specific groups which may had outperformed particularly PSUs, Adani and the likes, there may be a little bit of froth over there.

PI Industries Ltd. traded 0.71 per cent down at Rs 3620.7 at 11:36AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 3224.86 points to 73243.92. The stock had closed at Rs 3646.6 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4032.0 and Rs 3060.0, respectively.

Tube Investments of India Ltd. fell 1.12 per cent to Rs 3796.5 at 11:41AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 10,771 shares with a turnover of Rs 4.07 crore till 11:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.72, while the price-to-book value ratio stood at 18.18.

Sensex and Nifty tanked nearly 4% to the day's low of 73,659.29 and 22,389.85 respectively on Tuesday, with early trends suggesting a fightback by the India alliance albeit a majority mark for the NDA alliance, certain sectors managed to hold themselves as others witnessed a free fall. While Sensex slipped from Monday's closing of 76,468.78 by 2809 points on the intraday basis, the broader Nifty witnessed an 874 point fall to 23,263.90.

Trent Ltd. slipped 2.44 per cent to Rs 4549.95 in Tuesday's trade as of 11:26AM (IST). The stock hit a high price of Rs 4679.95 and low of Rs 4495.0 during the session.

Telangana, counting for all constituencies (17 in total) opened at 8 am on June 4. The constituencies are: Adilabad, Peddapalle, Karimnagar, Nizamabad, Zahirabad, Medak, Malkajgiri, Secunderabad, Hyderabad, Chevella, Mahbubnagar, Nagarkurnool, Nalgonda, Bhongir, Warangal, Mahabubabad and Khammam.

Anant Ambani and Radhika Merchant’s second pre-wedding festivities took place in Italy. The bash was hosted on a luxury cruise ship and was every bit as larger-than-life, as extravagant as the one that was celebrated in Jamnagar, Gujarat.

India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day's high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at 20.94 on Monday after the exit polls gave a thumping majority to the NDA government.

Tata Motors, and Coal India, contributed 72% of the incremental YoY accretion in earnings. Ex-Metals and Oil & Gas, Nifty’s earnings grew 16% YoY.Read Election Results 2024 Live Updates hereNifty earnings per share (EPS) for FY24 increased 2.6% to ₹1,005 from ₹980 earlier, largely fueled by notable upgrades in ONGC, Coal India, and SBI. EPS for FY25E and FY26E also experienced upward revisions of 0.8% each to ₹1,142 and ₹1,327, according to brokerage firm Motilal Oswal.

Tamil Nadu Election Results 2024: The counting of votes is underway in Tamil Nadu for the Lok Sabha polls conducted in the state in a single phase on April 19 to elect 39 members in the Parliament. There are 950 candidates across 39 constituencies.Of the 39 total seats in Tamil Nadu, DMK is ahead in 38 seats while the NDA ally PMK is leading in one - Dharmapuri, says Indian Express. As per early trends, K Annamalai is trailing in Coimbatore.

UP Election Results 2024: The vote counting for the Lok Sabha Elections 2024 began at 8 am on Tuesday. As per the early trends, INDIA bloc is giving neck-to-neck competition to BJP-led NDA alliance in the state.

Nagpur, Maharashtra election results 2024: Initial vote count trends for the Lok Sabha elections in Maharashtra on Tuesday indicated that Union ministers Nitin Gadkari and Piyush Goyal, along with Supriya Sule, daughter of NCP (SP) chief Sharad Pawar, were in the lead in their respective constituencies.Furthermore, Shrikant Shinde, son of Chief Minister Eknath Shinde, representing Shiv Sena, was also ahead in the Kalyan Lok Sabha seat.Under CM Shinde's leadership, the Shiv Senasecured an early lead in six constituencies.Counting commenced at 8 am for all 48 Lok Sabha seats in the state, beginning with the tallying of postal ballots, as confirmed by an official. Gadkari, contesting his third Lok Sabha election from Nagpur, emerged with a lead over Congress candidate Vikas Thakre, as reported by an election official.Nagpur, Maharashtra Election Results 2024 LIVEThe electoral battle in the Nagpur West constituency seems poised for an intriguing showdown between BJP's Nitin Gadkari and INC's Vikas Thangre.

Coal India, Gujarat State Fertilizer & Chemicals (GSFC), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), 360 One Wam, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, VST Industries ITC , Power Grid Corporation of India are amongst top 10 dividend yield picks of Religare Broking.The financial statistic termed as dividend yield illustrates how much a company pays out in dividends annually in relation to the price of its stock. A dividend yield of three to five percent is seen as healthy and favorable.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, opened Tuesday's trading day down due to the persistent trends from the Lok Sabha election. The market reached an all-time high on Monday, with notable gains and no losses, before this decline.The Nifty 50 opened at 22,855.55, down 408.35 points from the opening bell, while the Sensex fell 1,135.48 points to 75,333.30.

India Today show. Vote counting for the 2024 Lok Sabha election results commenced at 8 am. The Hyderabad constituency participated in the fourth phase of polling on May 13.From the Hyderabad constituency, sitting Member of Parliament (MP) and AIMIM chief Asaduddin Owaisi is up against the Bharatiya Janata Party (BJP) candidate Madhavi Latha.

Srinagar, Jammu and Kashmir Election Results 2024: Jammu & Kashmir National Conference (JKNC) candidate Omar Abdullah is trailing in Baramulla, where he is contesting against Jammu & Kashmir Peoples Democratic Party's Mir Mohammad Fayaz and Jammu & Kashmir People Conference's Sajad Gani Lone.In J&K, extensive security measures were in place. Early results showed BJP leading in Jammu and Udhampur, JKNC leading in Rajouri and Srinagar, and an Independent candidate leading in Baramulla.The Srinagar Lok Sabha seat holds significance as one of the five constituencies in the Jammu and Kashmir Union Territory.