Election Financial News

Hungarian Prime Minister Viktor Orbán is pushing back against some NATO proposals that would allow Ukraine to use Western weapons to strike targets within Russia

Narendra Modi swept to power a decade ago on promises to transform India’s economy, and as he seeks a third term as prime minister, it would be hard to argue he hasn’t made strides

An unpopular government with a reputation for constant infighting

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, are rebounding before the opening bell after former President Donald Trump was convicted in his hush money trial

Lok Sabha Elections 2024 trading strategy: Is Nifty 50 set to scale new heights after poll results?Here are the five key factors set to influence the Indian stock market in June:All eyes are on the results of the Lok Sabha election 2024, which is expected on June 4. Exit polls will start coming after the final phase of the seven-phase general election on Saturday, June 1.

NDTV, the Congress chief said that Rahul Gandhi would be a popular choice for the top post."Rahul Gandhi is my choice to be Prime Minister," Kharge told NDTV, adding, he represents the youth, and length and breadth of the country.Also Read: Who will be PM if INDIA bloc wins election: Here's what AAP's Arvind Kejriwal has to sayHowever, the Congress chief added that the INDA bloc has decided they are fighting together, and after winning, the coalition will jointly decide who will be PM.He also rubbished talk that he too could be a PM candidate."How can I propose my (own) name? The party will take a call. Alliance parties might have named me but, in our party, we will sit (together) and decide...

Also Read- Lok Sabha Polls trading strategy: Nifty may hit 24,600 in a year, says Jitendra Gohil of Kotak Alternate Asset ManagersDownside risks include a slowdown in the global or domestic economy, potential conflicts, rising inflation eroding consumer spending and corporate profits, and election results that do not yield a majority or deviate significantly from expectations, which could destabilize markets.Q4 results have largely met expectations, with notable outperformance in the Auto, Energy, Realty, and PSU sectors, especially banks. Conversely, IT, Private Banks, FMCG, and Media have lagged due to inflationary pressures and reduced discretionary spending.

1. Vote timings: Voting for Phase 7 Lok Sabha Election will begin at 7 a.m. on June 1, while the polling station closure timings may differ constituency-wise.2. States voting on June 1: The eight states where voting will be held are:Bihar (8 Lok Sabha seats), Chandigarh (1), Himachal Pradesh (all 4 seats), Jharkhand (3 seats), Odisha (six seats), Punjab (all 13 seats), Uttar Pradesh (13 seats) and West Bengal (9 seats).

Exit Polls Lok Sabha Elections 2024: Exit polls are highly anticipated events preceding the official vote count by the Election Commission of India (ECI). Political analysts and psephologists meticulously analyze data to predict which party might have an edge in each state. An exit poll is conducted immediately after voting concludes in parliamentary or assembly elections. The exit polls for the 2024 Lok Sabha elections will be broadcast live on June 1, following the completion of the final voting phase. Voting for the last phase will continue until 6 pm on Saturday, with exit poll results going live from 6:30 pm onwards. The Battle for Power in 2024

India Q4 GDP Data Live Updates: India's gross domestic product (GDP) for the January-March quarter of fiscal 2023-24 (Q4FY24) and the full year (FY24) will be released on Friday, May 31. The macroeconomic data will come only days ahead of the high-stakes Lok Sabha election results 2024, due on Tuesday, June 4.

Indian benchmark equity indices pared early gains and closed slightly higher on Friday, halting a 5-day losing streak amid caution ahead of the exit polls on Saturday and the Lok Sabha election results next week. The 30-share BSE benchmark Sensex rose 76 points or 0.10% to settle at 73,961. The broader NSE Nifty gained 42 points or 0.19% to end at 22,531.

Indian stocks have turned volatile ahead of election results due next week, but if history is any guide the outcome makes little difference to long-term investors. The S&P BSE Sensex Index gained in the six-month period after voters’ verdict in each of the last five elections, giving a median return of over 11%. While the market has mostly priced in a victory for Prime Minister Narendra Modi’s party, market participants expect his party to better their previous seat tally of 303 seats to extend stock gains.

Phase 7 of the Lok Sabha elections on June 1. The constituency includes eight Vidhan Sabha constituencies: Patiala Rural, Patiala, Rajpura, Samana, Ghanaur, Nabha, Sanour, and Shutrana. Being a General category seat, the Patiala constituency seat encompasses the entire Patiala district and part of Sahibzada Ajit Singh Nagar district. The constituency has a literacy rate of 67.63%. Polling for 13 Lok Sabha constituencies in Punjab and the lone Chandigarh seat will be held on Saturday, with INDIA bloc allies Congress and AAP contesting separately and the SAD and BJP also deciding to test the poll waters alone. Prominent candidates in the fray are four-time MP Preneet Kaur, former chief minister Charanjit Singh Channi, three-time MP Harsimrat Kaur Badal and Ravneet Singh Bittu.

Himachal Pradesh's Mandi Lok Sabha constituency, known for electing erstwhile «royals» maximum number of times. There are 13,77,173 voters in the Mandi Lok Sabha constituency, including 6,98,666 males, 6,78,504 females and three third gender. As the voting in the log seven-phased elections conclude on June 1, Mandi will be one of the most keenly watched seats. While Congress would be aiming to retain its hold on the bastion, Kangana Ranaut, who has entered the foray of politics would be eyeing to pull off an upset. Mandi Lok Sabha 2024 Elections: Date

BJP and Congress, a trend seen in most elections since the city's inaugural parliamentary polls in 1967. However, this time, it's not just a clash between two parties but also the culmination of over a decade-long anticipation for the two primary contenders—Sanjay Tandon from the BJP and Manish Tewari from the Congress. For the first time, the Congress party is contesting the Chandigarh elections in alliance with AAP. While on the other hand, BJP and its traditional ally, Shiromani Akali Dal, have decided to part ways for this election. The rehabilitation colonies and villages, which comprise nearly half of the city's 6.6 lakh voters, play a crucial role in determining the election outcome. Residents in these areas also demonstrate a higher inclination to participate in the electoral process compared to those living in the sectorial grid.

AAP MP Sanjay Singh's counsel on Friday informed the court that it will take 90 to 100 hours to inspect the documents at the ED office. Other counsel also mentioned the time they need for inspection. Manish Sisodia and the other accused were produced through video conferencing (VC) from Jail. Special judge Kaveri Baweja granted time for inspection and listed the matter on July 3. The court on Friday extended the judicial custody of Manish Sisodia and other accused in custody till July 3.

exit polls, which are expected to forecast the potential composition of the next government. The focus will primarily be on determining whether the ruling National Democratic Alliance (NDA) or the opposition bloc led by Congress, known as INDIA (Indian National Developmental Inclusive Alliance), is likely to secure victory. However, exit polls, often eagerly awaited and scrutinized after the completion of election seasons, are not without their flaws. Despite their seemingly scientific methodology, several factors can contribute to inaccuracies in their predictions. 1. Faulty Basic Premise: Exit polls operate under the assumption that voters will truthfully reveal their choices during personal interviews. However, this premise can be faulty. Some individuals may intentionally deceive pollsters, while others, particularly from marginalized or vulnerable communities, may feel pressured to conceal their true opinions.

Prashant Kishor is sticking to his poll forecast with about 24 hours left for the exit polls. The weeks long voting process for the Lok Sabha elections gets over tomorrow. The final phase of the seven phase Lok Sabha election will be finished tomorrow with polling in 57 parliamentary seats across seven states and the Union territory of Chandigarh. After the final phase of voting ends all eyes will be on exit polls. The news channels are allowed to air exit polls from 6:30 pm tomorrow. Speaking with Vir Sanghvi at The Print, Prashant Kishor said that he expects Modi-led BJP to get same number of seats it bagged in 2019 elections or may perform even better. «To my mind, BJP is going to come back with similar or slightly better majority. In my assessment, in west and northern India, I don't see BJP taking a material hit in terms of seat,» he said. BJP had bagged 303 seats in 2019 Lok Sabha polls, with bulk of seats from northern and western India. Prashant Kishor said the he does not foresee BJP losing that many seats from north and west India and the BJP has got «adequate cover from east and southern India.'

«If stability is given, then post the market volatility around the event, eventually markets are going to pick up, that is what I think. And the positioning also may end up looking like that because right now to the surprise of many the FII positioning ended up being extremely short,» says Rohit Srivastava, Strike Money Analytics & Indiacharts. I want to play the long trade. My assumption is that BJP would come with clean majority, unlike what the Street is thinking right now and I want to play a long trade. Naked futures may not be a great idea. So, how should I play it on the options and then we will do the flip side; if I believe that no, they may actually come with very weak numbers or the performance may not be that good. I want to play the short side, so on both sides what should be the right trade? Sometimes if one thinks about this and if we keep both options open of getting the majority, not getting the majority and I am saying BJP standalone, then you would end up buying a straddle.

Mirzapur, a district made famous by an OTT series, has never seen an incumbent MP win a third term. Anupriya Patel, the sitting MP since 2014 from Apna Dal (Sonelal) and a part of the NDA, is determined to break this streak. At 43, she faces a strong challenge from Ramesh Chand Bind, a 50-year-old who switched from BJP to SP after being denied a ticket in his home constituency, Bhadohi. The Mirzapur parliamentary seat includes five assembly segments: Chhanbey, Mirzapur, Majhawan, Chunar, and Marihaan. While the fictional character "Kaleen Bhaiya" belongs to the reel world, real-life carpet traders in the region are looking for a representative who can address their business issues. Rajesh Kumar, vice-president of the All India Carpet Manufacturers’ Association, noted that although the «one district, one product» scheme has helped build the Bhadohi-Mirzapur carpet brand, the industry still lacks adequate support. He told TOI that recent years have seen the removal of incentives and the introduction of more regulations, which have hurt the business.

India are closed on national holidays, state-specific holidays along with second and fourth Saturdays in the month and all Sundays, according to the Reserve Bank of India holiday list. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts. June bank holidays: Banks are closed for 10 days in June 2024;check dates, full state-wise list