Recommendations Financial News

Follow Lok Sabha Election Results 2024 LIVE Updates hereMoitra's victory margin was 56,705 votes. She bagged 6,24,711 votes and was leading by an irreversible margin of 57,083 over her nearest BJP rival Amrita Roy, who managed to pocket 5,67,628 votes.

₹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.

resignation along with Cabinet to President Droupadi Murmu, said Rashtrapati Bhavan in its official statement.

DLF Ltd. traded 2.76 per cent up at Rs 783.65 at 01:08PM (IST) on Wednesday, even as BSE benchmark Sensex gained 1637.58 points to 73716.63. The scrip had closed at Rs 762.6 in the previous session. The stock quoted a 52-week high price of Rs 967.0 and 52-week low of Rs 461.55, respectively. As per BSE data, total traded volume on the counter till 01:08PM (IST) stood at 126435 shares with a turnover of Rs 9.76 crore.

«One more space which market would like is probably IT space which is pretty undervalued, so that looks good,» says Aditya Arora, Adlytick. A day later what is changing? What are you looking at? FMCG more interesting, anything on that front or any other sector that you are looking at? Surely a calm day today compared to the action-packed day we had yesterday, so surely a better day. What has changed is that calmness in the market, VIX has come down and FMCG is the new leader of the market for sure. We are seeing a lot of 52-week highs, so technically that points towards a fresh bull market in FMCG space.

stocks across sectors like FMCG, auto, pharma/hospitals, private banks, capital goods, commodities, telecom, consumer durables, etc. may likely see a bounce back as the NDA looks set to retain power, says domestic brokerage firm Prabhudas Lilladher. Given expected focus on rural India and normal monsoons, sectors like consumer, auto, pharma, private banks, durables etc. might come to focus, wherein the domestic brokerage stated that it had recently increased weights in model portfolios.

Mazagon Dock Shipbuilders has received a ‘sell’ call from domestic brokerage house ICICI Securities as it believes the positives have already been factored in.The brokerage has a target price of ₹900 for the stock, indicating a massive downside of over 66 percent from its previous close of ₹2,679.30 (as on June 4)."In our view, factoring in the potential orders of P75 (3 additional submarines), P75I, and next-gen destroyers, and margins at an elevated level in the near term, we believe the positives have already been factored in the stock price. We maintain SELL on MDL with a revised TP of INR 900 (earlier INR 880/share), as per DCF methodology," it said.The defence stock has delivered multibagger returns over the past year, soaring by 171% amid the PSU rally wave.

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.

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.

Stock market today: Following the sell-off trigger after the disappointing Lok Sabha Election results, the Indian stock market crashed heavily on Tuesday. The Nifty 50 index tumbled to its worst-ever session in over four years. The 50-stock index crashed 1379 points and finished at 21,884.

Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Lok Sabha election results 2024Nifty 50 formed a huge, long negative candle on the daily chart with lower shadow. “Nifty recovered from near the lower support of 200-day EMA (Exponential Moving Average) around 21,250 levels.

Top Events of the Day: Leaders of the INDIA Bloc will meet in Delhi on Wednesday to plan their next steps after the recent Lok Sabha elections, signalling a potential shift in the political landscape. NCP chief Sharad Pawar highlighted the environment that is favourablefor transformation.Also Read | RBI not in a hurry to cut interest ratesThe Union Cabinet will meet on June 5 morning to take stock of the Lok Sabha election results and may recommend the dissolution of the current Lok Sabha.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 5On Tuesday, the Indian stock market suffered a massive selloff after the Lok Sabha election result trends fell short of what the exit polls had predicted, spooking investors.The Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.“Markets will likely shed the 'Modi premium,' causing a correction in PSU and infra stocks. Once this turbulence stabilizes, attention will shift to the core macro factors affecting India.

Adani Power, a part of the Adani Group companies, has rallied over 200% in a year and picked up momentum in the run-up to the Lok Sabha election outcome in anticipation of continuity of reforms. «If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,» Jefferies said in a report, adding that power and defence linked capex have the highest visibility.

A new report from the Finra Investor Education Foundation reveals that despite AI’s increasingly central role in investments and daily life, few consumers would rely on it for personal finance advice.

colorectal cancer among young adults is increasing, prompting scientists to investigate the role of high-fat, low-fiber diets in this troubling trend. Researchers are focusing on how such dietary patterns can induce alterations in the digestive system, potentially elevating the risk of early-onset colorectal cancer. This research aims to uncover the specific mechanisms by which diet influences cancer development in younger populations, as per a report on Netflix.

Stock Market Crash: Emkay says market correction not deep enough, advises to stay away from PSUs, Capital GoodsHowever, Maheshwari anticipates that all the PSU stocks, which were outperforming so far, are likely to go down. “Stocks, whether it from defence sector, renewable energy or any other PSU, which were outperforming earlier, are likely to witness a downward trend.

Vaibhav Jain, Head of Content & Education, Share.MarketWe are seeing Nifty 50’s support at 21,700 and 21,100. Currently, the Nifty 50 is hovering around 22,000 and a close above 21,700 would be a good point to consider taking long positions.On the upper side, 22,800 acts as the first resistance where we might see some profit booking, post which all time high of 23,338 will be a crucial point to break to see further upside.Technically, Nifty will find support near 21,250, where the 200-DEMA is located, and resistance near 23,340 levels in the short term.In summary, the market's reaction to the election results has introduced significant volatility, with various analysts highlighting key support and resistance levels to monitor.

To give financial security to the service-class individuals in their post-retirement life, employers are meant to deduct a small portion of the salaries of employees, which is invested into EPF account, enabling the investment to grow at a healthy rate of interest. 

₹26 lakh crore in intraday deals to around ₹400 lakh crore from ₹426 lakh crore in the previous session.The BSE Sensex tanked as much as 4,131.44 points or 5.4 percent to its day's low of 72,337.34. Meanwhile, the broader Nifty crashed 1,263.3 points or 5.4 percent to its 22,000.60.Meanwhile, in the previous session on Monday, the Indian stock market experienced its biggest single-day rally since January 2021.

GAIL Ltd , Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation and Oil India limited , were among the prominent upstream oil and Gas producer saw its share price decline 10-17% in intraday trades. GAIL Ltd was the largets loser with 17% decline in share price.Among other counters Bharat Petroleum Corporations Ltd, Petronet LNG, Mahanagar Gas Ltd, Indian Oil Corporation Ltd were also among the significant losers with their share prices declining 8-10.Meanwhile the index heavyweights like the Reliance Industries share price also declined more than 6%The City Gas distribution companies as Gujarat Gas Ltd, Indraprastha Gas Limited share price also declined more than 6%.Also Read Crude oil prices drop nearly 8% in just 5 sessions to hit a 4-month low on worries over higher supplyThe uncertainty around the Lok Sabha Election results led to the fall in the share prices.