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NEW DELHI : Privatization may take the backseat in the coming coalition government as a reduced majority forces the pro-reform Bharatiya Janata Party (BJP) to work alongside allies with different priorities, officials and experts said. Strategic sales already in advanced stages like IDBI Bank, Shipping Corp. of India and BEML may take off in the second half of FY25, but other transactions and fresh disinvestments may not be as lucky, they said.

Voters in the European Union are set to elect lawmakers starting Thursday for the bloc’s parliament, in a major democratic exercise that’s also likely to be overshadowed by online disinformation

U.N. Secretary-General António Guterres has called for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here’s what it could mean for your finances.

OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit PokharnaKalantri further added, “Elections impact first appear in the currency market, consequently influencing the prices of commodities as a secondary outcome."On Wednesday, gold prices in New Delhi dipped by ₹80 to reach ₹72,820 per 10 grams on Wednesday, following the downward trend globally, as reported by HDFC Securities. In the previous session, the precious metal had closed at ₹72,900 per 10 grams.“Gold traded slightly weak today, hovering around ₹71,870 before the start of the evening session, within a minor range.

₹6,177 per barrel on the multi-commodity exchange (MCX).Also Read: OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit Pokharna-US crude stocks jumped by 1.2 million barrels in the week to May 31, compared with analysts' estimates for a draw of 2.3 million barrels, according to data from the US Energy Information Administration (EIA). However, the build was below the American Petroleum Institute's reading of an increase of more than four million barrels.-Gasoline inventories rose by 2.1 million barrels versus expectations for an increase of two million barrels, adding to demand concerns as the week reflected fuel usage around the Memorial Day holiday, which is traditionally viewed as the start of the US summer driving season.-The price drop follows the recent policy verdict of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

job market recovery temporarily and send some potential investors into a wait-and-watch mode, said recruiters and economists. The job market is driven by sentiment and there will be a question mark over bullishness till a new normal is established, as the BJP returns to power with the help of coalition partners who will now have a stronger voice and a bigger say in any policy decisions. Investors, especially those looking to set up big projects, will be wary about instability.

Hubble Space Telescope has caught the attention of NASA experts and is currently making headlines as one of the three of its remaining gyroscopes in working condition, has hit a technical snag. This gyroscope is very crucial for the telescope to aim and lock onto targets for observation, which has raised alarm at the NASA centers, according to 'CBS News'.

Many experienced traders have decided to embrace the excellent future potential of Rebel Satoshi’s RECQ . On the other hand, FLOKI (FLOKI) and Ondo (ONDO) holders expect continued rallies in the tokens’ imminent price movements. Let’s take a more detailed look at the facts and analyze which token is the most rewarding option for the next crypto bull run.

Central Board of Indirect Taxes and Customs (CBIC) on Wednesday said it will now electronically disburse duty drawback amounts directly to exporters' bank accounts using the PFMS platform, a move which will increase transparency and will improve efficiency of the process.

It’s that time of year once more. If you know a female advisor worth highlighting, now’s your chance to nominate who you think is the sector’s best and brightest for InvestmentNews 2024 Women to Watch Awards.

Election Results 2024: Here's what to expect from Indian stock market and what should be your trading strategyMarket analysts had anticipated PSU, defence, railways and renewable energy stocks to outperform post elections. However, experts are now skeptical as the election outcomes fell short of expectations, leaving the BJP in a position where it must rely on the NDA alliance to establish a government, causing concern among investors.Brokerage firm Emkay Global recommended investors to switch from PSUs and Capital Goods to FMCG stocks."We see Narendra Modi returning as PM but in changed circumstances.

Lok Sabha Election results 2024: What does lack of BJP majority mean for market, economy? Foreign brokerages weigh inThe wild swing in the market was mirrored by the volatility index, India VIX, which plunged 15 per cent on Monday, surged 28 per cent on Tuesday, and then fell 29 per cent on Wednesday.While government policies can shape economic outlook and market dynamics for the long term, historical trends show election outcomes are short-term triggers for the market. Experts believe there may be some shift on the policy front after the new government is formed, but they do not see a material impact on India's macroeconomic landscape.Also Read: A weaker mandate for NDA may trigger a shift in policies, but the macro backdrop may not change materially: Emkay GlobalWhile no major impact on the macro parameters is expected, the market is expected to closely observe government policies and the Union Budget in the near term.Rahul Singh, CIO - Equities at Tata Asset Management, believes the election result may lead to a more balanced market."Risk-reward in large caps and underperforming sectors like banking and consumer appears more favourable.

Indian stock market, leading IT stocks are witnessing sharp upside movement during Wednesday deals. The Nifty IT index, a benchmark index for the IT sector on the National Stock Exchange of India, has risen to 2.50 percent, while it was one of the least affected segments during a stock market crash on Tuesday.

₹31 lakh crore as the total market capitalisation (m-cap) of the companies listed on the BSE fell to almost ₹395 lakh crore from almost ₹426 lakh crore in the last session.Also Read: Stock market today: Nifty 50 records biggest single-day fall in over 4 years; Sensex crashes over 4,000 pointsWhile the India bloc makes significant gains, investors are discouraged that the Bharatiya Janata Party (BJP) did not get a majority of votes.According to market experts, the negative takeaway from ‘Election Results 2024’ was that the street is still not out of the woods yet, as there is still too much of uncertainty in the outcome of the 2024 Lok Sabha election results. Volatility is likely to be the hallmark of near-term trading.The Nifty 50 ended nearly 6% lower at the outset of the general election outcome.

Prime Minister Narendra Modi has clinched a third term. Yet, the BJP depends on other parties within his coalition, notably JD(U) chief Nitish Kumar and TDP's chief Chandrababu Naidu, as they fall short of the 272 majority mark by 32 seats.

Stock market today: After a solid bounceback in the Indian stock market today, shares of Davangere Sugar Company witnessed a sharp rise during Wednesday's deals. Davangere Sugar Company share price today opened flat at ₹9 apiece and touched an intraday high of ₹9.90 per share mark on NSE, recording an intraday rise of 10 percent against Tuesday's close price of ₹9 per share.

Elections 2024 & Stock Markets: ‘Stop predicting, start…’ says Deepak Shenoy of CapitalmindMehra further wrote that for most people, it is virtually impossible to ignore their incentives or political biases and look at data objectively."Whether blinded by their biases or incentives, these reversals show that your average fund manager is not fact—or data-driven. Eventually, this also shows up in the performance—which hurts you, not them, Mehra wrote.In another post on X a week ago, Mehra said she remains positive about the Indian stock market in the medium term.However, she pointed out that the market may see volatility in the short term.

Stocks to buy or sell: After the disappointing Lok Sabha Election 2024 results, the Indian stock market witnessed a heavy bloodbath on Tuesday. The Nifty 50 index witnessed the worst-ever intraday loss in over four years, as the 50-stock index crashed 1379 points and finished at 21,884.

Kronox Lab Sciences IPO day 3: The initial public offering (IPO) of Kronox Lab Sciences Limited opened on June 3 2024, and will remain open till June 5 2024. Bidders have just one day to apply for the public issue.

Buy or sell stocks: On account of disappointing Lok Sabha Election results, the Indian stock market witnessed a bloodbath on Tuesday. The Nifty 50 index tumbled to log its worst session in over four years. The 50-stock index crashed 1379 points and finished at 21,884.