Election Financial News

Mahesh Patil, CIO, Aditya Birla Sun Life AMC, says the market has a tendency to continue with its inherent trajectory based on fundamentals. “Hence, we would not try to time election outcomes and rather focus on stock picking while reducing risk in the portfolio to navigate the volatility due to election outcomes,” he says. Edited excerpts from a chat:

Brij Bhushan Sharan Singh in the national capital, the situation is a far cry from that in Kaiserganj, where the former Wrestling Federation of India president is still viewed as a diety. «Hamare maalik, hamare bhagwan, mananiya saansad Brij Bhushan Sharan Singh ko janmdin ki shubhkamnayein’ — Nivedak, ‘saansad bhakt’ Samrat Gupta. (Heartfelt birthday wishes to our master, our god, honourable MP Brij Bhushan Sharan Singh — from a devotee, Samrat Gupta),» reads a poster in the Paska Bazaar area, according to a Times of India report. Singh stronghold A six-time Member of Parliament, 67-year-old Singh has been accused of sexual harassment by wrestlers following a long period of protest against him. Earlier this month, a Delhi court ordered that charges be levied against him, marking a big moment in the wrestlers' fight to be heard.

Swati Maliwal that she was assaulted inside Delhi Chief Minister Arvind Kejriwal's house by the latter's personal secretary, Bibhav Kumar. Also Read: Swati Maliwal Assault Case LIVE Updates: Rajya Sabha MP 'forcefully entered' CM's house, says Bibhav Kumar in complaint Atishi said that the same formula was used in the Swati Maliwal case, as the ED, CBI, anti-corruption bureau, Income tax department, and Economic Offences Wing were used to blackmail opposition leaders and make them join the BJP, ANI reported.

National Conference's fight during Lok Sabha Elections 2024 was primarily to reclaim what was snatched by them (Centre) on August 5, 2019. Abdullah, who is contesting from Baramulla seat, was referring to abrogation of Article 370 of Jammu and Kashmir by the Bharatiya Janata Party (BJP) government on August 5, 2019. “For us, it was a fight of principles.

«If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets,» says Ashi Anand, Founder & CEO, IME Capital .

elections, the primary market continues to remain vibrant with the public offer of Awfis Space Solutions set to open next week. Apart from the sole mainboard IPO, one other SME issue of GSM Foils will be launched on May 24. Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.

«Looking at the broader market and the market breadth has improved significantly. Nifty has shown short-covering action and now we are comfortably holding above 22,400 marks. So, looking at this data setup, we are confident that, yes, this rally can extend further,» says Rajesh Palviya, Axis Securities. Going forward, we are getting closer and closer to the elections. Is the volatility likely to continue? What is being pencilled in on the charts for the benchmark indices for next week?

Swati Maliwal assault case, the Aam Aadmi Party (AAP) Rajya Sabha MP has made allegations regarding the tampering of closed-circuit television (CCTV) cameras installed at Delhi CM Arvind Kejriwal's residence. Swati Maliwal, the former chairperson of the Delhi Commission for Women (DCW), shared the information on the microblogging site X on Friday evening, stating, «I have received information that now these people are tampering with the CCTV of the house.» Maliwal also tagged Delhi Police in her post.

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Equity markets traded firmly for the most part of Friday and closed with gains. The exchanges will remain open on Saturday for a special trading session to prepare for disaster management. «Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial

The crypto industry has made a record $94 million in political donations since 2023 in an effort to support pro-crypto governance.

liquidity conditions, the central bank has announced a steep reduction in the quantum of the government’s treasury bill sales and a new selection of bonds for the Centre’s buyback operations to aid freeing up cash for banks. Liquidity conditions in the banking system tightened considerably this month, largely due to a muted pace of government spending amid the ongoing general elections, market participants said. Tight liquidity conditions increase cost of funds for banks, especially at a time when credit growth continues to outpace deposit growth by a long margin. Higher borrowing costs for banks pushes up the cost of borrowing across the economy. So far in May, average daily deficit liquidity as measured by banks’ borrowing from the RBI was at Rs 1.2 lakh crore.

bars, pubs and cafes are capitalising on a surge in interest among fans. The ongoing heatwave means alarge number of cricket enthusiasts are gravitating toward air-conditioned comfort to avoid having to sweat it out in sweltering stadiums, executives said. Bars and pubs said they are rolling out live screenings, trying to replicate a stadium-like atmosphere with curated sports menus, cocktails, beer buckets and staff dressed in IPL jerseys. Some are even providing team apparel and merchandise. To be sure, elections in Mumbai (May 20) and Delhi-Gurgaon (May 25) will mean alcohol-free dry days around those dates in those regions but executives said they expect to make up for that in other states. Besides, folks may be drawn by the group-watching vibe even without the booze, they said.

Nirmala Sitharaman called for a ramp-up in domestic manufacturing to make India self-reliant and boost the country’s participation in global value chains, dismissing suggestions that the government should focus only on services. The government would like to partner India Inc in the country’s development, she said at the Confederation of Indian Industry (CII) annual business summit in the Capital on Friday. “We see a very big role for private sector and would like to partner with them for (the) development (of India), with the government acting as a facilitator and enabler,” Sitharaman said. She exuded confidence that PM Narendra Modi would come back to power after the general elections with a substantial majority. Elections end on June 1 with counting on June 4. “Soon after government is formed, we look forward to a more pointed engagement with CII to see what best can be done in the July budget, which will be the full year's budget,” she said. “A lot of consultation can begin with CII team as well.”

What the difficulty was in putting it up [the voter turn out details or Form 17] on the website," a Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra asked the ECI counsel, Amit Sharma, according to Bar and Bench. The ECI counsel replied, “It takes time. We have to collect a lot of data" and that it can't be done overnight.

The Supreme Court on Friday sought a response from the Election Commission of India (ECI) within a week on a plea by an NGO seeking a direction to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, reports Bar and Bench.

Rajnath Singh on Friday asserted that Pakistan Occupied Kashmir «was, is and will remain ours» while also hitting out at the opposition parties for raking up the China issue. Accusing the opposition parties of spreading confusion on the China issue, he said, «India has not lost anything. We will not let India lose anything. Talks are ongoing… we are confident that a solution will be found.» Addressing an election rally in Ballia's Sikandarpur in support of the BJP's Salempur candidate Ravindra Kushwaha, Singh also asserted, «Pakistan Occupied Kashmir was ours, is ours and will remain ours.» He claimed that after four phases of elections, political analysts not only in India but across the world believe that the BJP is going to form the government by winning more than 400 seats.

Nagaland People's Organisation (ENPO) on Friday rejected the Nagaland government’s appeal and stated that it remained firm on its decision of abstaining from participating in the Urban Local Bodies (ULB) elections, scheduled on June 26. ENPO Secretary W. Manwang Konyak said that they did not receive any written appeal and only saw in the media that the state government has made an appeal not to boycott the ULB polls.“We have to go by the decision of our grassroots level people and organisation. We would abstain from participating in the ULB polls,” Konyak said. After a cabinet meeting chaired by Chief Minister Neiphiu Rio, the Nagaland government on Thursday urged the ENPO not to boycott the vital ULB polls.

Investors and traders are finding no respite from the election heat, with exchanges even holding a special trading session on Saturday. Both the equity cash and derivative markets will function in two sessions on Saturday.

rally in northeast Delhi on Saturday, the local police has beefed up security near the rally ground and slated a deployment of a 2,000-personnel strong force on the day. Delhi Police Commissioner Sanjay Arora, along with other senior officers on Friday visited the northeast district and took stock of the security arrangements. A senior officer said Modi is likely to arrive at the rally site by a chopper after addressing another election rally in Sonipat in Haryana. «Meetings were done with other agencies responsible for the PM's security. We are identifying buildings and trees on all possible routes where police personnel can be deployed to keep a strict vigil on all activities,» the officer said.

100 Lok Sabha seats in North and West India, and not gain any in the East and the South. ALSO READ: Will BJP cross 370-mark in Lok Sabha elections? Prashant Kishor hints at PM Modi's 'psychological warfare' Prime Minister Narendra Modi has exuded confidence that his party, the BJP, will win over 370 seats of the total 543 Lok Sabha seats, and the NDA will win over 400 seats. Kishor told RTV Andhra Pradesh that it's all “guesswork and no one knows who will win how many seats".