Election Financial News

Narendra Modi for alleged communal speeches during the Lok Sabha election campaign, Bar and Bench reported. It said that courts cannot micromanage the manner in which the Election Commission of India (ECI) has to deal with the alleged violation of model code of conduct (MCC).

Lok Sabha Election 2024: Market erases nearly ₹10 lakh crore in a week; will the selloff continue after result? Hero MotoCorp has demonstrated a breakout above the medium-term falling channel pattern at ₹4,635 on the weekly chart, suggesting the continuation of an uptrend. During pattern formation, volume activity tends to decline, while at the breakout, there is an increase in activity, indicating an influx of market participation. The stock has established a support base at ₹4,160, holding above the 38 per cent Fibonacci retracement level of the rally from ₹2,900 to ₹4,949, indicating potential medium-term support.

Also Read: ‘Market expecting positive end to the elections’ Despite the recent fall, the Home Minister remains optimistic on the Indian stock market and isn’t too worried about the decline, said the NDTV report. “Whenever there is a steady government, markets do well. Modiji is coming back as the prime minister for the third time," he told the news channel.

Stock market crash: After logging a bounce back on Friday last week, the Indian stock market again came under the selling pressure as frontline indices lost up to one percent in early morning session. The Nifty 50 index opened lower at the 22,027 mark and touched the intraday low of 21,821, whereas the BSE Sensex opened lower and touched an intraday low of 71,866. The Bank Nifty index also had a gap down, opening at 47,389, and the index touched an intraday low of 46,983.

Lok Sabha elections is underway, Congress Parliamentary Party Chairperson Sonia Gandhi on Monday announced that the party will provide financial assistance of Rs 1 lakh to the women of poor households.

elections to the 175-member state Assembly being held on Monday. Follow all Live Updates on Phase 4 Polling Here Elections to 175 assembly seats and 25 Lok Sabha seats of Andhra Pradesh are being held simultaneously in the fourth phase of the general elections 2024 on Monday.

polling booths in Jubilee Hills, Hyderabad, for the fourth phase of the Lok Sabha elections. Allu Arjun, known for his role in 'Pushpa,' was dressed in a white t-shirt and black jeans, while NTR Jr, famous for 'RRR,' chose a blue shirt and trousers for the occasion.

Varanasi are all set to welcome their MP and Prime Minister Narendra Modi for a road show in the evening, the day before his nomination on May 14th from Varanasi Lok Sabha. Prime Minister Narendra Modi is seeking his third consecutive term from Varanasi.

candidates in contention, including key political figures from various parties. With the completion of this phase, 379 seats will have completed voting, marking a significant milestone in the electoral process.

Kuwait formed a new cabinet headed by Sheikh Ahmad Abdullah Al-Sabah, according to a royal decree issued Sunday.

Milei had been elected president of South America's second-largest nation in November, Elon Musk posted on the social platform X: «Prosperity is ahead for Argentina.»

market around the expected margin of victory. It is too early to say but looking at previous elections the patterns look somewhat similar, namely, high expectations in the beginning, some nervousness during and a positive end. At the end of the day the market is still expecting the incumbent government to win and secure policy stability/continuity.

Read here: Week Ahead: Inflation data, Q4 Results, FII activity, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended higher, but lost over 2% each for the week, with heavy selling seen in broader markets. The Sensex gained 260.30 points, or 0.36%, to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. “Heavy FII selling, and concerns over the outcome of ongoing general elections added to the overall pressure in the markets.

ALSO READ: PM receives Mother's Day gift at rally: 'Will write back to you' PM Modi, who stood atop a vehicle painted in the hue of saffron and bedecked with flowers and images of the leader and cutouts of the lotus, covered a distance of about a kilometre and a half in the roadshow. Modi became the first prime minister to hold a roadshow anywhere in Bihar.

Maha Vikas Aghadi (MVA) allies in Maharashtra, NCP leader Sharad Pawar seems to have managed to field the toughest candidates against BJP. A case in point is Ahmednagar where former Parner MLA Nilesh Lanke is taking on BJP MP Sujay Vikhe Patil. When NCP split last year, Lanke had joined the Ajit Pawar faction. However, in the run up to Lok Sabha polls, Sharad Pawar lured him back into his fold and offered him a Lok Sabha ticket. Sujay is son of state minister and Shirdi MLA Radhakrishna Vikhe Patil who was the opposition leader of Congress in 2019 before joining BJP. The Vikhe Patils are considered pioneers of cooperative movement in the state. Lanke, on the other hand, is known as a 'Covid warrior' who is highly popular in Ahmednagar.

Kanpur between the BJP, the incumbent party for two terms, and the Congress, which has fortified itself by joining forces with the Samajwadi Party. Kanpur, one of the oldest major industrial and commercial centres of Uttar Pradesh which has in the past sent heavyweights such as Murli Manohar Joshi and former Union minister Shriprakash Jaiswal to Parliament, is currently held by the BJP's Satyadev Pachauri, 76, who is not contesting this time. Both the main parties have fielded lesser-known faces. The BJP's candidate is journalist Ramesh Awasthi, a non-political, non-local figure who is banking largely on the Modi factor. The Congress has fielded educationist Alok Mishra, who has unsuccessfully contested assembly elections in the past.

constituency that Ajit Pawar has taken a keen interest in, it is Shirur. This contest is seen as a personal one for Ajit as the Sharad Pawar faction of NCP has repeated its MP Amol Kolhe against Ajit's NCP candidate Shivajirao Adhalrao Patil. Kolhe, an actor famous for the role of Maratha warrior King Shivaji in tele serials, was present at Raj Bhavan when Ajit rebelled and took oath along with 8 NCP MLAs to join hands with BJP government. Kolhe, however, changed sides within two days which was taken as a personal insult by Ajit. The latter has since then publicly vowed to ensure that Kolhe will be defeated. The Ajit faction has given a ticket to Shivajirao Adhalrao Patil, a former three term MP from Shiv Sena, defeated in 2019 by Kolhe.

Nashik Lok Sabha seat was in the news because of the prolonged tug of war among the BJP, Shiv Sena and NCP (Ajit) over who should get the seat. The BJP first wanted the seat claiming that Sena MP Hemant Godse would not be able to retain the seat. However, after a seat exchange deal with NCP (Ajit), the BJP offered the seat to the latter. However, with Godse not willing to vacate the seat, CM Eknath Shinde refused to hand over the seat to the NCP(Ajit). Shinde kept dragging the issue till the date of filing of nomination after which the Ajit camp withdrew its claim for the seat. While Godse has got the seat, his job is only half done. He is now facing a tri-cornered contest with Rajabhau Waje from the Uddhav Balasaheb Thackeray (UBT), an independent candidate Shantigiri Maharaj and Karan Gaikar of the Vanchit Bahujan Aghadi.

BJP and Congress in the upcoming election on Pune Lok Sabha seat, which was once the stronghold of the BJP over the past two Lok Sabha elections. However, a strange quirk of fate has altered the political equations here. In the 2019 assembly elections, BJP won five of the six assembly seats of the Pune Parliamentary constituency. It all looked like a cakewalk for the party. However, two incidents in March 2023 changed the dynamics of the constituency. Pune's MP and senior BJP leader Girish Bapat died after a prolonged illness. Before becoming an MP in 2019, Bapat was the MLA from Kasba Peth constituency, a BJP stronghold which the party didn't lose since 1995.

Odisha this time as there was a buzz before polls that former allies and top parties of the state — Biju Janata Dal (BJD) and the BJP — may come together but now they are ghting to outscore each other. Elections for 21 Lok Sabha and 147 assembly seats of Odisha will be held simultaneously over four phases starting from May 13. ET takes a look at factors playing out in the state: In 2019, BJP emerged as the main challenger to BJD and won eight Lok Sabha seats. However, in the assembly polls, it was Naveen Patnaik all the way, showing that Odiyas have different preferences for different polls. In between these two players, Congress is trying hard to make space for itself.

Lucknow and Kanpur, Unnao, whose political identity has been dominated by the Kuldeep Singh Sengar saga for a while, is witnessing a familiar battle between old contenders, but external factors may change the dynamics. Sengar, former BJP MLA, was sentenced to life imprisonment four years ago by the Delhi HC for raping a minor. The BJP's incumbent two-term MP Sakshi Maharaj is facing a spirited fight from former Congress MP from Unnao Annu Tandon for a third time, but this time as SP candidate. Originally from Kasganj, he won three Lok Sabha elections from Mathura and Farrukhabad, before being brought here in 2014, then winning on the back of almost en bloc support from the dominant Lodhi caste here as well as Nishads, combined with the Hindutva and Modi factor. But he has not been able to develop much of a positive reputation for himself in the past ten years. It is this 'Modi-Lodhi' factor that Tandon is challenging. A native of Unnao — whose late husband Sandeep Tandon was advisor to Mukesh Ambani — Tandon is widely known for her philanthropic activities, from contributing generously to weddings of girls to holding camps for eye checkups and more, according to locals.