Election Financial News

when, on Tuesday, three Independent MLAs – Sombir Sangwan (Dadri), Randhir Singh Gollen (Pundri) and Dharampal Gonder (Nilokheri) – who have supported the saffron party since 2019, withdrew their support, bringing the BJP's majority to a minority in the 90-member (two seats are vacant) Assembly. The halfway mark is 45, and the NDA currently has 43 MLAs. The government needs the support of two more members to continue holding the reins of the government.

'Neither against Muslims, nor Islam': PM Modi says ‘Muslim community should….’ The Congress party president Mallikarjun Kharge also slammed Modi over the remarks and said that the prime minister was in jittery after Phase 3 of Lok Sabha elections. "Times are changing. Friends are no longer friends.

Trivesh D., Chief Operating Officer at Tradejini, believes the 2024 general election outcome may not greatly influence the stock market in the short run. However, the long-term impact could be significant. He said if the election outcome is unexpected, it could cause market disruptions, which could be short-lived.

A recent survey conducted by the Digital Currency Group and The Harris Group has revealed that  a majority of  Americans in swing states view the financial system as  “ outdated. ” 

Pidilite Industries Ltd expects pain in the near-term. While announcing its March-quarter results, the company’s management cautioned about short-term softness in demand, surprising some analysts. Long-duration elections in the past have led to temporary logistics disruptions, and the present extreme heat conditions across the country could hamper demand, the management said.

approved releasing additional dearness allowance (DA) and dearness relief (DR) to central government employees and pensioners effective January 1. The DA has been raised from 46 percent to 50 percent of the basic pay or pension. As DA hikes, all other related allowances such as house rent allowance (HRA), gratuity ceiling and hostel subsidy are also set to increase.

Tata Motors were offset by losses in shares of HDFC Bank, ICICI Bank and Hindustan Unilever. Key equity indices traded volatile during the session, reflecting cautious market sentiment ahead of the Lok Sabha election outcome on June 4.

Adani-Ambani?" jibe at Rahul Gandhi, saying the Wayanad MP has finally forced the Prime Minister to expose corruption by making serious allegations against industrialists Gautam Adani and Mukesh Ambani. “Narendra Modi has made serious allegations against Gautam Adani and Mukesh Ambani. Adani and Ambani give away black money in bags.

Larsen & Toubro Ltd ( L&T)share price that opened almost flat on Wednesday was trading volatile. While Larsen & Toubro share price gained slightly more than 1% on the upper side, Larsen & Toubro share price also had seen correction of more than 1% in morning trades indicating nervousness ahead of Q4 results. Larsen & Toubro share price has remained the favorite of investors as strong economic growth in the country is likely to drive earnings growth of behemoths as Larsen & Toubro.

Also read: IPL, elections are all fair game on illegal betting apps The study focused on brand-recognition dynamics during the league, and tracked about 130 brands in 25 product categories. Respondents were from the top metros and tier-2 cities including Kolkata, Lucknow, Delhi, Chandigarh, Ludhiana, Jaipur, Udaipur, Ahmedabad, Chennai, Surat, Mumbai, Pune and Hyderabad. Mahendra Singh Dhoni's popularity played a major role in making CSK a fan favourite.

One 97 Communications are the top losers in the index as they are down nearly 67 per cent from their 52-week high. Stocks such as SPARC, Zee Entertainment, Rajesh Exports and Delta Corp are down 54-56 per cent from their 52-week highs. Stocks such as Vodafone Idea (down 33 per cent), PVR Inox (down 30 per cent), YES Bank (down 30 per cent), Adani Total Gas (down 28 per cent), LTIMindtree (down 27 per cent), HCL Technologies (down 22 per cent), MRF (down 18 per cent), Bajaj Finance (down 16 per cent), Wipro (down 15 per cent), HDFC Bank (down 14 per cent) and ITC (down 12 per cent) have fallen more than 10 per cent from their 52-week highs.

Indian National Congress on Wednesday distanced itself from the allegedly racist remarks made by Chairman of Indian Overseas Congress Sam Pitroda on how people in the South «look like Africans and those in the East look like Arabs and those in the East look like Chinese.» "...Analogies drawn by Sam Pitroda in a podcast to illustrate India's diversity are most unfortunate and unacceptable. Indian National Congress completely dissociates itself from these analogies," said Congress General Secretary in-charge Communications Jairam Ramesh on social media platform X. Sam Pitroda in an interview with The Statesman said that «We have survived 75 years in a very happy environment where people could live together, leaving aside few fights here and there. We could hold a country together as diverse as India, where people on the east look like Chinese, people on the West look like Arab, people on the North look like white and maybe people on the South look like Africans.»

AIADMK general secretary Edappadi K Palaniswami on Wednesday said the DMK regime burdening people by borrowing about Rs 3.5 lakh crore is its 'achievement' that marked its 3 years in office and the public would soon prove that it is an «anti-people» government. Slamming Chief Minister M K Stalin for asserting that he has proved through deeds that his party-led government has delivered, Palaniswami accused the DMK government of being an «idle regime» and not useful for the people. Palaniswami, also the leader of opposition, alleged that the DMK government has done no good for the people and did not fulfill assurances that would be beneficial to the people and the Stalin-led regime deceived the people. «Burdening people by borrowing Rs 3.5 lakh crore in about 3 years is the DMK government's achievement,» Palaniswami alleged in a statement.

Also Read: Nifty 50 falls for 3rd session in a row; investors lose nearly ₹5 lakh crore This downward trajectory continued into the fourth consecutive trading session on Wednesday, with the Nifty 50 shedding another 0.52%, or 117 points, hitting an intraday low of 22,185 points. Taking today's low into account, the Nifty 50 has dropped 609 points. On the other hand, Sensex also recorded a decline of 438 points in today's trade, reaching an intraday low of 73,073 points.

Stock market today: Despite the persistent rise in the India VIX index, the Indian stock market has shown remarkable resilience, continuing to correct for the fourth straight session. Today, the Nifty 50 opened lower at 22,231 and went on to touch an intraday low of 22,185. The BSE Sensex today opened with a downside gap and touched an intraday low of 73,073 mark whereas the Bank Nifty today registered arouund 0.65 percent fall within an hour of stock market's opening bell.

Swaminathan Aiyar, Consulting Editor, ET Now, says “BJP may have many jewels, but Mr Modi is Koh-i-Noor. The biggest thing the BJP has going for it is Mr Modi. And at the end of it all, you can have 25 different analyses of different issues. But if the stark choice is, do you want Mr Narendra Modi or do you want Mr Rahul Gandhi? I have no doubt that people will opt for Mr Modi, whatever their other reservations are. Whether he gets an increased majority or a reduced majority is another matter. But even if the BJP loses 100 seats, they will get more parties with them and so surely Mr Modi will be back.” On inflation the prime minister has cited the Korean War during the Nehru regime and he has spoken about how inflation was the highest during Indira Gandhi's time. Up front, what do you make of this historical context that the prime minister is referencing on inflation and the impact of the war in Ukraine, which he says affects food, fertiliser and fuel prices directly? Swaminathan Aiyar: He recalls inflation back in the early 50s. It is a fact that the Korean War resulted in a shortage of all kinds of commodities, which were being used for the war effort on both sides. Because of that very steep rise in all commodity prices, there was an increase in price in India too. While it is true that there were a certain number of restrictions on imports, actually imports were pretty free in the early 50s. Therefore, there was an impact.

AAP) in Punjab, former Amritsar Deputy Mayor, Avinash Jolly resigned from the party and joined the BJP in Amritsar on Tuesday amid ongoing Lok Sabha elections. In a post on X, BJP National Secretary Narinder Singh wrote, «Avinash Jolly, former deputy mayor (Amritsar) along with hundreds of supporters joined BJP at Amritsar, Punjab.» In Punjab, voting for its 13 seats will take place in a single phase, the seventh and final phase on June 1 will see voting in Gurudaspur, Amritsar, Khadoor Sahib, Jalandhar, Hoshiarpur, Nandpur Sahib, Ludhiana, Fatehgarh Sahib, Faridkot, Firozpur, Bathinda, Sangrur, and Patiala constituencies.

retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger vehicles, commercial vehicles and tractors grew by 9 per cent, 16 per cent, 2 per cent each, the auto body said. The tractor segment grew by 1 per cent in April. Auto retails in April were buoyed by a favourable market sentiment which was driven by stable fuel prices, a positive monsoon outlook, festive demand and the marriage season.

Kapu community voters and anti-incumbency coupled with his personal charisma are what Janasena chief Pawan Klayan hopes to see him through the hustings in the Pithapuram assembly segment, while his opponent, the YSR Congress party's nominee Vanga Geetha, largely depends on her track record to defeat the actor-politician. Pithapuram shot into limelight after the segment was allotted to Janasena as part of seat sharing agreement of NDA and Kalyan, who belongs to the dominant Kapu community of the region, announced his candidature from it. The move forced the ruling YSRCP to field its sitting Kakinada Lok Sabha member Vanga Geetha, who also belongs to the same forward community, to take him on. The seat allocation to Janasena did not go down well with the supporters of former TDP legislator from the segment SVSN Varma and they raised a hue and cry.

IPL match between Delhi Capitals and Rajasthan Royals at Arun Jaitley Stadium, officials said, adding that they were wearing t-shirts with ‘Jail Ka Jawab Vote Se’ tagline. AAP has launched a campaign called ‘Jail Ka Jawab Vote Se’ against Delhi Chief Minister Arvind Kejriwal's arrest by the Enforcement Directorate in an excise policy-linked money laundering case, encouraging people to vote for the party as a response to the Chief Minister's arrest. Currently, he is lodged in jail.

Canadian territory. He also emphasized that the fate of India will be determined by Indians themselves, not by foreigners. Addressing an event in Montreal on Tuesday, the Indian High Commissioner said, “Discussions are taking places at government level on both sides through diplomatic channels.