Election Financial News

Modi hi', Dalal Street investors have been hoarding PSU stocks in large numbers ever since voting for the Lok Sabha election began on April 19. During the period, the market capitalisation of BSE PSU index has increased by nearly Rs 7 lakh crore with stocks of state-owned entities, now being categorised as «Modi stocks», rallying up to 87%. Shares of defence PSUs, one of the key beneficiaries of PM Modi's 'Aatmanirbhar Bharat' policy, dominate the list of election season winners. Cochin Shipyard, Bharat Dynamics and Mazagon Dock Shipbuilders have rallied in between 87% and 56% during the period.

convicted of a felony — let alone 34 of them – is the kind of blow that would normally tank any politician’s ambitions. Donald Trump will instead try to turn what might otherwise be a career-ending judgment into campaign fuel.

meditation break in Kanyakumari, arrived at Vivekananda Rock Memorial in Tamil Nadu on Thursday evening. PM Modi started mediation on May 30 at the Dhyan Mandapam where Swami Vivekanand meditated once. It will conclude on June 1.Before reaching the memorial, the Prime Minister offered prayers at Bhagavathy Amman Temple in Kanyakumari, after the culmination of the seven-phase Lok Sabha election campaigns.

Stocks to buy or sell: Despite buying in banking stocks, weak global cues continued to drag the Indian stock market on Thursday. The Nifty 50 index finished lower for the fifth straight session as the 50-stock index lost 216 points and closed at 22,488. The BSE Sensex nosedived 617 points and finished at 73,885.

InCred Wealth, emphasises the inevitable volatility around election results. He notes, "The market will be volatile, and we could see sharp moves on either side based on the election result outcome.

ANI.He added, “Among them, two persons, including polling personnel, had come to me who died due to heat stroke. 30 to 40 people, including police personnel, are undergoing treatment. " Dr Sahil Raj noted that many patients have been sent home after treatment, while others are undergoing treatment.Dr Sahil Raj informed ANI that a teacher named Shahnawaz Khan, who was on duty with him, suffered a heatstroke.

Prajwal Revanna Arrest Live Updates: Suspended Janata Dal (Secular) leader Prajwal Revanna, accused of sexually abusing numerous women, was arrested just after midnight as soon as he arrived at Bengaluru's Kempegowda International Airport.The 33-year-old Member of Parliament (MP) from Hassan in Karnataka was taken into custody from the airport by the special investigation team (SIT) probing charges against him. He returned to India from Germany past midnight on Thursday – nearly a month after leaving the country.Revanna is expected to be produced in the court today.

Sensex plunged 617.30 points to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.Nifty 50 formed a bearish candlestick pattern with upper and lower shadows on the daily timeframe.Also Read: Indian stock market: 9 key things that changed for market overnight - Gift Nifty, US GDP, jobless claims to China PMI“On the daily chart, the uptrend has weakened. Thursday’s negative closing has led to the Nifty closing below the previous swing high of 22,795.

₹865 a share (25 shares equal one contract). This is the price that option sellers have charged buyers of the 22500 call and put option—straddle in market speak—which works out to a total 7.7% range (22500-865 and 22500+865)to cover their risk in the event of sharp price movements.For context, the Nifty swung 427 points (4%) between intraday high and low in the previous Lok Sabha election result day on 23 May 2019 and 433 points (6%) during the results for Lok Sabha 2014 polls on 16 May 2014.During such events traders' anticipation of wild swings raises prices of both call and put options.

Associated Press reported.A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex, the report added.As per the report, Trump Media's stock fell about 9% in after-hours trading Thursday as news of the verdict emerged.The stock, which trades under the ticker symbol "DJT," has been extraordinarily volatile since its debut in late March. It joins the group of meme stocks prone to swinging from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.Despite its volatility, the stock has tripled this year, often making double-digit percentage moves either higher or lower on a single day.

Donald Trump's hush money case trial.In a post on X, Ramaswamy wrote, “The prosecutor is a politician who promised to nail Trump. The judge’s daughter is a Democrat operative who literally *raised $$ from the trial* while her father presided over it.

Also Read: Donald Trump convicted. Here's what happens next."In New York today, we saw that no one is above the law," Biden-Harris campaign communications director Michael Tyler said in a statement.“But today's verdict does not change the fact that the American people face a simple reality.

election campaign of the Lok Sabha polls ended on Thursday, Congress' star campaigner Priyanka Gandhi's marathon election campaign in this poll season clocked 108 public meetings and roadshows, more than 100 media bytes, one television interview, and five print interviews spread over the last 55 days, the party said. Priyanka Gandhi, who campaigned in 16 states and one union territory, hit back at Prime Minister Narendra Modi's attack on the Congress party and his allegations in a measured manner. Her speeches garnered adequate attention in this election as she shattered the Prime Minister and the Bharatiya Janata Party's efforts to misdirect the narrative, the Congress said. Gandhi's dialogue, conversation style, gentleness, simplicity, and humility received much praise from the public.

India will likely report economic growth of close to 8% in the fiscal year that ended in March, providing a boost to Prime Minister Narendra Modi’s government as elections come to a close. Official data due to be published Friday will probably show Asia’s third-largest economy grew 7% in the first three months of the year, taking growth for the financial year through March to 7.9%, according to a Bloomberg survey of economists. Catch it live here

Equity markets remained under pressure for the fifth consecutive day as the selloff mood continued ahead of the exit poll data and mega election verdict. «Global markets remained under pressure due to rising bond yields and denting hopes of rate cut. We expect market volatility to heighten as we approach the general election outcome,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Donald Trump guilty of all 34 counts of falsifying business records to cover up hush money payments during the 2016 U.S. election campaign, making Trump the first former American president ever convicted on criminal charges.The jury reached the verdict Thursday after less than 12 hours of deliberation, which began Wednesday after a historic and intensely watched trial in Manhattan.State prosecutors had accused Trump — who is seeking to return to the White House this fall — of conspiring to bury media stories about alleged affairs after entering the presidential race, and of hiding reimbursements to his then-fixer for paying off a porn star to keep her allegations quiet just days before Trump was elected.The verdict marks a watershed moment for the U.S.

Asset managers have lined up several new fund offers (NFO) unfazed by the outcome of the general election results on June 4. As many as 12 new fund offers are open or will be launched in the next fortnight. Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to complete their product basket in the diversified fund space. Many fund houses are launching thematic funds that include the likes of financial services, manufacturing and special opportunities. Mahindra Manulife and Baroda BNP Paribas are launching manufacturing funds.

Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. After two days of deliberation, the 12-member jury pronounced Trump guilty on all 34 felony counts he faced.

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, have slumped after former President Donald Trump was convicted in his hush money trial

Stocks to buy: The Indian stock market saw a significant sell-off on Thursday, May 30, coinciding with the expiry day of May futures and options (F&O) contracts. The Sensex concluded the session down by 617 points, marking a decrease of 0.83 percent, settling at 73,885.60. Meanwhile, the Nifty 50 wrapped up the day at 22,488.65, registering a decline of 216 points or 0.95 percent.“Nifty index opened negative and dropped in the first tick itself which was followed by some range bound move in the first half of the session.

PM Narendra Modi also gave nearly 80 interviews to the media, The Hindu quoted sources in the Prime Minister’s Office as saying. The results of the Lok Sabha elections 2024 will be declared on June 4.According to News18, PM Modi attended five events in a single day for three days, and on 22 days, he addressed four events daily.Uttar Pradesh, which sends maximum number of Parliamentarians, saw as many as 31 rallies by the prime minister.