Election Financial News

Is the Indian stock market fairly valued or overvalued? Experts weigh in"The nervousness in the market continues with uncertainty regarding the election results. An important sustaining trend during this uncertain phase is the continuous buying by DIIs (domestic institutional investors), which has reached around ₹45,000 crore so far this month.

Arvind Kejriwal's plea seeking a seven-day extension of his interim bail in a money laundering case linked to the Delhi excise policy case. Last month, the top court granted the Delhi CM interim bail to campaign for the Lok Sabha elections 2024 and asked him to surrender on June 2.

Iran keeps making substantial progress in its brisk walk to an atomic weapon, a United Nations report leaked Monday suggests, and what are they going to tell us next—that there’s gambling at Rick’s? Yet the Biden Administration wants to hide this scary truth from the world in this election year. An International Atomic Energy Agency report has concluded that Iran has increased its stockpile of near-weapons-grade uranium to 142.1 kilograms—an increase of 20.6 kilograms since the IAEA’s last estimate in February. This will be enough for three warheads once Iran completes the technologically straightforward process of enriching its hoard to 90% from 60%.

Punjabi singer Sidhu Moosewala, his friends, family and fans are still fighting for justice. To observe Sidhu Moosewala's second death anniversary, his father, Balkaur Singh, announced to organise a simple program today, May 29.

Prime Minister Narendra Modi — their preferred and expected outcome of the ongoing general election — and soaring corporate profits. They might be ignoring an all-too-important speed bump: consumer debt. A trifecta of slow wage growth, elevated interest rates, and heavy borrowing by the average household has weakened the spending impulse of more than 300 million families that drives 70% of gross domestic product. Equity markets aren’t too perturbed. Investors are betting on a post-election boom in private capital expenditure on the back of $534 billion in new infrastructure expected by Bloomberg Economics to come online by 2026, boosting India Inc.’s competitiveness and lifting the economy’s growth potential. More confident companies will also create better-paying jobs. Sooner or later, interest rates will start to decline, both at home and globally. Households’ financial crunch will ease. Bond investors’ thinking is not too dissimilar: Unlike his opponents, the prime minister isn’t promising a dramatic expansion of the welfare state. (According to him, he has already spent $400 billion on cash handouts and free food for the poor in the past 10 years.) Modi will instead borrow to expand productive capacity. A cautious fiscal stance and expectations of a stable currency make India’s rupee-denominated government notes attractive. Borrowing dollars to buy Asian bonds has been unprofitable almost everywhere this year. India has been a notable exception.

Narendra Modi's potential victory in the 2024 Lok Sabha elections triggered widespread outrage on social media platforms. “It is very important that Modi loses the elections. Every Pakistani wants him (Narendra Modi) to lose," he had told IANS. It is pertinent to note that Chaudhry had earlier openly admitted to Pakistan's conspiracy behind the 2019 Pulwama terror attack.

₹100 investment grew to just ₹230, barely outpacing fixed deposit returns. This contrasts sharply with the 1980s, when a ₹100 investment soared to ₹700.

Rajat Sharma, Founder & CEO, Sana Securities, says the the biggest thing for him is that the overall valuations of the market, which had remained on a trailing basis between 20 and 23 over the last three-four years are right now despite the run up at around 21.9 on the Nifty, a little expensive, but not overly so. Even if markets were to fall or correct or as some people are saying crash – here 10% is a correction and a 30% fall would be a crash, in either case, India is a bright spot and whether it is a correction or a crash, it would not last very long. So, if we fall that much, eight to ten months from that dip, we will bounce back. What do you think is the market mood ahead of the elections and what are you doing with your portfolio right now? Rajat Sharma: Markets have run up a lot, but the kind of earnings that we saw for the full financial year has justified the way markets have run up. Even if you look at the macros, everything looks very good. The government's fiscal deficit is likely to reduce given the kind of dividend RBI has paid the government, so expect big announcements from the budget.

Stock Market News: Tuesday was the third consecutive day that the domestic stock indices, the Sensex and Nifty 50, finished lower due to profit-taking in capital goods, energy, and power stocks as well as nervousness around the election outcomes. India VIX spiked to 2-year high at 24.14.Following a day of fluctuation between gains and losses, the 30-share BSE Sensex closed at 75,170.45, down 220.05 points, or 0.29%.

inflation.As we know, India is an agricultural economy. The country has a unique competitive advantage with the largest arable land area and is the second-largest wheat and rice producer. Most farmers still depend on the monsoon rain to cultivate food.

Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nvidia share rally to Treasury yields“On the daily chart, Nifty remains in a firm uptrend. Tuesday’s negative closing seems to be more of a breather after the recent sharp up-move.

₹35,527 crore worth of Indian shares, extending their selling to a second month. Meanwhile, domestic investors pumped in ₹41,720 crore.

Top events of the day: Today's highlights include Prime Minister Narendra Modi's Odisha rallies, the NSE's ban on trading five stocks like Biocon and Vodafone Idea in the F&O segment, and Ztech India's IPO launch priced at ₹104 - ₹110 per share. Major companies, including Adani Transmission, IRCTC, and Tata Steel, are reporting Q4 earnings. Additionally, the NTA rescheduled CUET UG 2024 exams for Kanpur, Delhi, and Silchar centers due to paper distribution issues, with admit cards now accessible online.Prime Minister Narendra Modi is scheduled to visit Odisha today.

Prime Minister, the biggest star campaigner of ruling Bharatiya Janata Party (BJP), will arrive at the picturesque memorial off the coast of Kanyakumari on May 30 and may leave for Delhi on June 1, the last day of polling, reports said quoting sources.Also Read: Lok Sabha elections 2024 Phase 7: Last day of voting on June 1; full list of constituencies and key candidates hereThe campaign for the seven-phase Lok Sabha Elections 2024 ends on Wednesday, May 30. The results will be announced on June 4.The PM, 73, will meditate at the Dhyan Mandapam, the hall at the Memorial, from the evening for May 30 to the evening of June 1, NDTV said in its report.The Memorial has spiritual significance since Swami Vivekananda, after wandering across the country, is believed to have meditated here for three days on a rock located about 500 meters off the mainland, at the meeting point of the Indian Ocean, Bay of Bengal, and Arabian Sea.

Narendra Modi’s party to win more than 303 seats in the general election to extend their record rally, according to a Bloomberg News survey of market participants. A smaller majority for the ruling Bharatiya Janata Party may lead to a drop of about 2% in the NSE Nifty 50 Index, with the rupee and sovereign bonds also expected to fall, according to a mean of forecast by 32 asset managers, strategists and dealers.

fuel car purchases in May. “During the peak heat hours from 12 pm to 4 pm, it feels like the showroom is closed. Only customers with planned deliveries are coming in," said Vinkesh Gulati, director of United Automobiles, which runs 12 passenger vehicle and two-wheeler showrooms in the National Capital Region and Eastern Uttar Pradesh.

equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Equity markets witnessed a volatile session on Tuesday to finally end with losses. The broader market witnessed sharper profit booking, indicating heightened volatility. «Nifty has been consolidating in a broad range for the third consecutive day as investors remain watchful ahead of the big election outcome next week. We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

FY25 capital expenditure outlay by 8-10% from the ₹11.11 lakh crore allocated in the vote on account when the full budget is presented thanks to better-than-expected tax revenue and a record surplus transfer by the RBI to the government. «Both tax and non-tax revenue are expected to be better,» a senior official told ET. «Additional surplus transfer from RBI provides enough headroom to spend more.» Finance minister Nirmala Sitharaman presented an interim budget in February as this is an election year. The results will be declared on June 4. The full budget is expected to be announced about a month after the new government is formed.

A law that drew massive protests and made Wisconsin the center of a national fight over union rights has returned to court, facing a new challenge from teachers and public workers brought after the state’s Supreme Court flipped to liberal control

In September, Salame pled guilty to conspiracy to make unlawful political contributions and defraud the Federal Election Commission and conspiracy to operate an unlicensed money transmitting business. Salame was a close ally to FTX founder Sam Bankman-Fried, who in March was sentenced to 25 years in prison for stealing $8 billion from customers. Between 2019 and 2021, Salame was a high-ranking official at Bankman-Fried's quantitative crypto trading firm Alameda Research.