Election Financial News

Elon Musk has been in touch with former US President Donald Trump. It may be offered an advisor position in the White House, assuming that Donald Trump and the Republicans win the upcoming US Presidential Elections in November 2024. Other reports indicate that the former US president still needs to work out the details, which may not materialize. However, the two individuals are in touch and have been holding regular conversations in recent months.

UBS Wealth Management SVP Brenda O’Connor Juanas and the Lonski Group founder John Lonski discuss the earnings season and share their market outlook for 2024 on ‘Mornings with Maria.’

Donald Trump has officially launched his campaign for the 2024 presidential election, seeking a non-consecutive second term in office.

California lawmakers have advanced a host of artificial intelligence proposals that would protect jobs, build public trust, fight algorithmic discrimination, and outlaw deepfakes involving elections or pornography

BJP of making efforts to mislead the people on religious and divisive issues in the Lok Sabha election campaign, Congress president Mallikarjun Kharge said on Thursday that Prime Minister Narendra Modi in his speeches over the past 15 days «did not speak a word» on unemployment and price rise even as he mentioned «Modi» 758 times, Congress 232 times and referred to INDIA alliance 573 times. Addressing a press conference here, Kharge expressed confidence of the INDIA bloc forming the government after the Lok Sabha polls and said they will take everyone along. He accused the Election Commission of not acting on «divisive» speeches by PM Modi

Basirhat (WB): BJP leader Suvendu Adhikari on Thursday urged women in troubled Sandeshkhali region, as well as other areas of Basirhat Lok Sabha constituency, to blow conch shells as a signal if they see any suspicious activities before the June 1 election. Speaking at a campaign rally in support of BJP candidate Rekha Patra, Adhikari voiced concerns about potential visits by «TMC-controlled state police» and others to intimidate residents into voting for the ruling party. He advised residents to blow conch shells if they observe unfamiliar people entering their neighborhoods late at night and cautioned against accepting money from organisations linked to the TMC. «If you (residents) see any suspicious movement at night, if you notice police personnel accompanied by strangers but not central force personnel entering your locality, blow conch shells if the situation warrants,» he said.

«We have been through a variety of political dispensations in the last three decades and growth has been in the 6-7% area. India rarely grows much faster than 7% and rarely grows much slower than 6%,» says Saurabh Mukherjea, Marcellus Investment Managers. Tell us what exactly were the conversations like when you were sitting far away from India, but looking at India from the foreign lens, in conversation with some of your prospective clients? What were they asking you or probing you, what were they most curious about? Let me break it into three parts. Obviously, the first discussion tends to be, what will happen in the elections, what do you think? And my response is, I really do not know. You can read the newspapers as well as anybody else can, I tell my clients. And the simple point of view on that is, regardless of what happens in the election, it looks like there will be policy continuity.

rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows related to the rebalancing of the MSCI equity indices. The rupee ended at 83.3175 to the U.S. dollar, compared with the close of 83.3450 in the previous session. The local currency had dipped to 83.4375 earlier in the session, following a further rise in U.S. Treasury yields.

Kolkata: No joy for residents of the City of Joy who seem to have been thrust into a whirlwind of anxiety and are bracing for a possible disruption in their daily lives starting this Friday. The source of their dread is the looming Lok Sabha polls on June 1 when the city and its suburbs vote and its aftermath till the results are announced on June 4. This critical period promises chaos, as a substantial portion of the workforce engaged in myriad professions across the metropolis prepares to abandon the city and return to their villages to exercise voting rights. Polling will take place in various constituencies in Kolkata and its adjacent districts of North, and South 24 Parganas in the final leg of the general elections.

correction from current levels should not shake the confidence of investors and they should remain invested with a view beyond June 4, the day when the fate of the incumbent NDA government and the India alliance will be decided, experts opine. Post the event, the focus will get back to earnings, growth, and India's long-term economic potential, they argue. A day before the final phase of polling, chips were down on Thursday, with markets falling over 150 points to the day's low of 22,540.90. Over the last five sessions, Nifty has corrected by 427 points or nearly 2%.

₹21,040 crore. The management’s confidence stems from a robust launch pipeline of 59.2 million square feet for FY25 with a potential gross development value of ₹59,100 crore. Notably, FY24 saw a high number of new launches and deliveries, which contributed 75% to pre-sales.

Also Read- Lok Sabha Elections 2024: Defence, power, industrials among sectors to bet on ahead of election resultAnshuman Arzare MD CEO of Yes Securities said that before election results, investors should adopt a strategy of diversifying their portfolios across various sectors to mitigate risk. Focusing on defensive stocks, such as those in the FMCG (Fast moving Consumer Goods), healthcare, and utilities sectors, can provide stability and reduce volatility.Additionally, maintaining a portion of the portfolio in cash or liquid assets can enable investors to capitalize on market corrections, with buying during dips being a potentially fruitful strategy, suggests Arzare.After the election results, investors need to assess the new government's policies and their potential impact on different sectors as per Arzare.

Lok Sabha Elections 2024 will end with the commencement of last and seventh phase of polling on June 1.Soon after the last vote is polled on June 1, Exit Polls by different agencies will start releasing numbers predicting the anticipated winners and the margin of their victory. The official results will be declared by the Election Commission of India (ECI) on June 4, however.

rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities and elevated crude oil prices. Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and strengthening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 83.22 and lost further ground to trade at 83.27 against the greenback, registering a loss of 9 paise from its previous closing level.

Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends — global offshoring, digitalization, and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will stay within policymakers' comfort zone.

INDIA bloc will get a "decisive mandate" in the Lok Sabha polls and may take even less than 48 hours to decide on its prime ministerial pick, Congress leader Jairam Ramesh said on Thursday, asserting that it stands to reason that the party which gets the maximum seats in the alliance will be a «natural claimant» for its leadership. In an interview with PTI on the last day of campaigning for the seven-phase Lok Sabha polls, the Congress general secretary exuded confidence that the Indian National Developmental Inclusive Alliance (INDIA) will get seats «well above» the 272-mark needed for a majority in the Lower House. Ramesh also said that when the INDIA 'janbandhan' parties will get the people's mandate, then some NDA parties may join the coalition and the Congress high command will have to decide whether to include them in the alliance or not. Asked whether post-polls doors will remain open for NDA allies such as JD(U) chief Nitish Kumar and TDP president N Chandrababu Naidu, the Congress leader said, «Nitish Kumar is the master of 'palti (volte-face)'.

equity indices traded lower for the fifth consecutive session on Thursday, dragged down by metal and IT stocks, as investors refrained from making big bets ahead of the outcome of national elections early next week. The BSE Sensex was trading 202 points, or 0.27%, lower at 75,301. The Nifty50 was down 60 points, or 0.27%, trading at 22,644 around 9:19 am.

Modi will hit a hattrick on June 4 election result day and, if so, with how many seats in the Lok Sabha. Stock investors are fine-tuning their portfolios with sectors that are likely to benefit if BJP retains power. Going by promises made in BJP's election manifesto, all-things-capex is emerging as the biggest investing mantra before elections.

Dipan Mehta, Director, Elixir Equities, says he wants to go very light into the election season on any positions and any investments he is not completely confident about. Now that the earning season is over and done with, we have a far greater clarity on the prospects of all the companies, so from that point of view it is better to be cautious. If the results are good, then you will have the whole year to profit. But if it is bad, exit will be very difficult. What should be the strategy ahead of not just June 1st but the big one – June 4th? Dipan Mehta: Be as light as possible. Curtail all trading positions, options, futures, everything. Just enjoy the election result and watch all your news channels giving all their comments on what has gone right and what has gone wrong. It is best to be relatively light and in cash. The risk return does not really favour you. Even if it is a spectacularly good result, you will have opportunities to buy. But if it is a bad Lok Sabha result outcome, you would not get a chance to sell, that I am certain about.

Meta said on Wednesday it had found «likely AI-generated» content used deceptively on its Facebook and Instagram platforms, including comments praising Israel's handling of the war in Gaza published below posts from global news organizations and U.S. lawmakers. The social media company, in a quarterly security report, said the accounts posed as Jewish students, African Americans and other concerned citizens, targeting audiences in the United States and Canada. It attributed the campaign to Tel Aviv-based political marketing firm STOIC.

Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Nifty 50 formed a bearish candlestick pattern on the daily charts with an upper shadow.Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US stocks, to rise in Treasury yields“On the daily chart, the uptrend has weakened. Wednesday’s negative closing has led to the Nifty closing below the previous swing high of 22,795. Nifty nevertheless continues to hold above the 20 and 50-day SMA.