Election Financial News

Also Read: PM Modi's outreach to Vladimir Putin helped avert ‘potential nuclear attack’ on Ukraine in 2022: Report “Most of the countries have taken a stand. We are the only one whose position is very clear. We are not on anyone's side, we are in favour of peace.

₹2,670.10 on Friday, after closing nearly 5% lower on Thursday, following the Q4 earnings announcement. Investors are nervous about the emerging pain points. For instance, the year-on-year decline in revenue, albeit marginal, was particularly disappointing.

Stock market today: After bleeding for the five straight sessions, the Indian stock market had a sigh of relief as there was some relief rally in early morning deals on Friday. However, the Indian volatility index, India VIX, continues to remain on the higher side. The India VIX today opened flat at 18.20, but the index soon gathered momentum and touched an intraday high of 18.66.

P Chidambaram on May 10 questioned the silence of Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman over Rahul Gandhi’s demand of enquiry into the Prime Minister’s allegation that the grand old party has received "tempo loads of black money" from industrialists Gautam Adani and Mukesh Ambani. The silence of the two leaders is ominous, said the former Union Minister, Chidambaram. "The Hon'ble Prime Minister had made a very serious allegation: that two prominent industrialists have tempo-filling quantities of cash and they were delivered to the Congress party.

Tata Motors share price having more than doubled in last one year remains in focus ahead of Q4 results today. Tata Motors share price is also trading near the 52-week highs.

Chakri Lokapriya, Managing Partner, RSB LLP, says if you look at the bearing companies, this quarter, they are all reporting like 30-40% revenue growth, 30-40% EPS growth and trading at about 25-30 times. So, this as a segment will continue the earnings growth and stock performance for the next two-three years easily.” Coming to the FMCG space, given that we have seen these stocks will be in the spotlight on the back of the earnings, a lot of brokerages are talking about how the companies are losing the growth fervour and that there is a little bit of competition when it comes to pricing, the path to the consumer, etc. Are you worried about the long-term track record? Chakri Lokapriya: Marico's results showed that their volumes grew in line, slightly better than expectations.

Bihar Lok Sabha Elections 2024: Less than a year ago, Bihar CM Nitish Kumar was seen as a formidable figure within the opposition, positioned as the strongest challenger to PM Narendra Modi. However, Kumar's current political landscape is marked by a flurry of strategic moves, as he works to reaffirm his loyalty to the saffron alliance, comprising the PM and the BJP. During a recent event alongside Modi in Aurangabad, Kumar aimed to dispel any doubts about his allegiance, stating, «While I may have momentarily strayed from the path, I want to assure you that I have returned to the NDA fold for good.» His remarks, met with subtle smirks from Modi and Bihar governor Rajendra Vishwanath Arlekar, highlight the intricate dynamics of political alliances in the state. As Bihar witnesses the fervour of election season, Kumar assumes a prominent role in numerous rallies, often sharing stages with BJP's key campaigners. However, amidst his speeches, Kumar's assurances of unwavering commitment to the NDA ring hollow to many. Aware of his history of political manoeuvring, the public responds with scepticism, mindful of past promises that were quickly forgotten.

Akshaya Tritiya 2024: On account of falling US dollar rates and rise in the domestic demand, gold rate today witnessed sharp upside movement during early morning deals. Gold future contract on the Multi Commodity Exchange (MCX) for June 2024 expiry opened higher at ₹71,730 per 10 gm and touched an intraday high of ₹72,230 per 10 gm mark within fewe hours of the commodity market's opening bell.

Akshaya Tritiya, which is on May 10, has always seen fervent gold purchases stemming from the belief that investments made on this day would never diminish, thus bringing everlasting prosperity. Over the past three to four months, gold prices have shown significant volatility, experiencing roller coaster-like movements.

Sanjiv Bhasin, Director, IIFL Securities, says: “ This is the time to pull up your socks, ignore the fear and buy the stocks which you most wanted to and hopefully by Tuesday, Wednesday, we should be back to normalcy as far as the VIX goes and then we will take it with global cues.” Bhasin further says: “The pessimism on certain stocks and sectors has been overdone. Some of the largecap banks like HDFC, ICICI are looking very good, and of course, some of the PSUs. But the real killing will be in the commodity stocks. So, Coal India, Vedanta, NALCO, SAIL, Tata Steel basket is looking very strong. From their highs, the stocks have not even corrected 5%. If this market trends, which according to me on Tuesday, fingers crossed, then these stocks are headed to new highs. ” It is getting a little worse out here? When was the last time L&T fell that 6% or so and I am not even getting into other individual names here where the selling was excruciating. What is the strategy now? Do you throw in the towel and sell into the market or wait patiently because you see some recovery in store? Sanjiv Bhasin: What a week! Last Thursday, I was with you in Mumbai and we were hitting new highs and I told you to take some money off the table.

Yes, as this Saturday is the second Saturday of May, banks will be closed on May 11. Though it’s a bank holiday, customers can carry out many financial and non-financial transactions through mobile banking and net banking services. May Bank holidays 2024 The Reserve Bank of India (RBI) notifies bank holidays in three categories: the Negotiable Instruments Act Holiday, the Real Time Gross Settlement Holiday, and bank account closures. All banks in the nation, including public, private, foreign, cooperative, and regional banks, will be closed on the stated holidays. <div data-placement=«Mid Article Thumbnails» data-target_t

PTI reported. According to PTI, the Biden administration's top diplomat also said that he was confident that “10 years from now, India is going to be a vibrant democracy as it is today in terms of free and fair elections". Responding to a question expressing concerns over the status of democracy in India, the US envoy also spoke about how the voting machine is taken in the mountains for one person so he can cast his vote.

Also Read: Lok Sabha elections 2024: Sanjay Raut praises 50 years of Congress rule, says ‘after June 4, Modiji…’ The Maharashtra unit of the BJP has said that Raut tried to draw parallels between Modi and Aurangzeb, adding, “Such comments are a ‘direct threat’ to the life of the PM," PTI reported. On Thursday, the BJP also wrote to the Election Commission and Mumbai police seeking action against Raut In its complaint to the EC, the party also said that such comments could potentially lead to communal disharmony and hamper the peaceful conduct of the electioneering process.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.

₹2 lakh if the grand old party comes to power," he said while addressing an election rally in Ratlam. He also spoke about the ‘Mahalaxmi Scheme’ announced in the Congress manifestofor the Lok Sabha Elections 2024, which says, “one woman from every poor household" will get ₹1 lakh annually. State BJP spokesperson Narendra Saluja slammed the Congress party over Bhuria's “two wives" statement, asking the Election Commission of India to take action on the matter.

Barron Trump, the youngest child of former U.S. president Donald Trump, will make his political debut as one of Florida’s delegates to the Republican National Convention.

(This story originally appeared in on May 10, 2024)

Equity markets took a heavy beating with the BSE Sensex tumbling 1,062 points on Thursday. Analysts said investors are trimming their equity exposure at a faster pace as the election season heats up, which can be seen from the drubbing that mid and small-caps received. Stocks that were in focus include names like IRB Infra, which fell 3%, IGL, which was down 2.48%, and Dr Reddy's, whose shares declined 2.8%.

Arvind Kejriwal in a money laundering case connected to the excise policy scam. The Enforcement Directorate arrested the Aam Aadmi Party (AAP) leader on March 21. Currently, he is in Tihar Jail and is under judicial custody.

Gurpatwant Singh Pannun is an ongoing legal matter, the US State Department said it «won't speak» until «allegations are proved» before a jury. Gurpatwant Singh Pannun is an India-designated terrorist who holds American and Canadian citizenship.

«I understand the importance of renewable energy and thought that everyone should adopt it,» said Narayan, 60, whose action inspired many others to do the same in the capital of Madhya Pradesh state in central India. Now, a new government scheme — unveiled before voting began in nationwide elections in April — aims to encourage more people to install solar panels on their roofs as part of India's commitment to triple renewable capacity by 2030.