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A historic European Central Bank meeting this week may be the catalyst that drives regional equities to new peaks.

₹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.

Indian Oil Corporation Ltd. traded 2.16 per cent up at Rs 157.75 on Wednesday at around 01:48PM (IST), while the benchmark BSE Sensex advanced 1655.39 points to 73734.44. As many as 1,740,476 shares changed hands on the counter with a total value of Rs 26.65 crore.

NDA, the actual vote count so far shows a considerable decline (240 for BJP alone vs 302 in 2019). This effectively highlights the formation of a weaker alliance government in the offing, thereby reducing the dominance of the BJP. This will mark the return of the coalition government politics in India. Political economy to dominate policies: BJP is expected to face an increasingly disproportionate impact from the alliance partners thereby compromising the bargaining power significantly. Also, compared to the previous two election periods of 2014 and 2019, the influence of the opposition has grown stronger.

Federal Reserve interest rate cut in September due to a softening U.S. labour market. Data overnight showed U.S. job openings fell more than expected in April to the lowest level in more than three years, a sign that labour market conditions are softening.

Read here: Dabur India, Godrej Consumer Products & others hit 52 week high today ; Do you own any?In the near term, the brokerage expects a reset in the market’s hitherto cavalier investment stance toward ‘narrative’ stocks."We have struggled with the implied growth and profitability assumptions embedded in the market cap. of several ‘narrative’ stocks (capital goods, electric utilities and PSUs).

Assembly elections 2024, the BJP secured victory with 78 seats while BJP could win only 51. Other paties like Congress won 14 seats, CPI(M) won 1 and Independent secured 3 seats. In the 2019 assembly elections, the Naveen Patnaik-led party had won 113 seats.In the 2024 Assembly elections, Patnaik had contested from Hinjili and Kantabanji seat of of which he won only from the Hinjili Assembly Constituency with 66,459.

Hiring in tier-2 cities has shown consistent growth compared to metropolitan areas, with cities such as Kochi, Coimbatore and Jaipur emerging as key hiring locations, according to Insights Tracker of talent platform foundit.

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.

Also Read: Viral video shows window cleaners ‘stranded’ on China's Beijing tower amidst heavy storm | WatchA post shared by NASA Chandra X-ray Observatory (@nasachandraxray)-Search for the “Instagram Chandra" experience.-Choose effects options and confirm the ones you want.-After selecting, you can save the effect to your camera to use in your stories.-Another way to enjoy the effect is by selecting the 'Try it" button for instant access.Also Read: Delhi Heatwave: 'Boiling' water tank video goes viral amid yellow alert. Netizens react, 'warm bacteria free'By using this Instagram feature, people can include the wreckage of stars destroyed in massive supernova explosions, dense cosmic gas and dust, and other such elements in their selfies.

Catch LIVE updates of Lok Sabha Election Result with Mint The Dalit face of UP crown had always been held by Mayawati's Bahujan Samaj Party. However, on Tuesday, Lok Sabha Election result 2024 counting showed that Chandrashekhar Azad received 51.19% of the votes in west UP seat dominated by Muslims and Dalits, BSP was placed fourth at 1.33%.Chandrashekhar Azad won from Nagina, a Scheduled Caste-reserved constituency of western UP, by a margin of over 1.51 lakh votes. Azad defeated Bharatiya Janta Party (BJP) 's Om Kumar, whose vote share fell to 36%.The BSP candidate Surendra Pal Singh received only 1.33% of the votes, significantly lower than the Samajwadi Party's (SP's) Manoj Kumar, who had a vote share of 10.22%.

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.

Internet in India Report 2023 report by not-for-profit industry body Internet and Mobile Association of India (IAMAI) showed that internet users in India have crossed the 800 million mark. Ninety per cent of them use the internet daily, spending an average of 1.5 hours. Apart from consuming OTT content, communication remains one of the top activities done on the internet in India.

Sean “Diddy” Combs has sold off his stake in Revolt, the media company the rapper and entrepreneur founded over a decade ago

New Orleans hosts its 11th Super Bowl next year

Axos Financial drops after Hindenburg Research shorts stock U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve.

Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 18 cents, or 0.3%, to $73.07 a barrel.

India’s stock market tumbled on Tuesday as Lok Sabha election results showed the ruling National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP) underperforming exit-poll predictions. The S&P BSE Sensex closed 5.7% lower, having fallen as much as 8.2% in intraday trade.

Lok Sabha elections, surpassing the majority mark of 272 seats. However, the saffron party did not reach its goal of securing 370 seats independently and over 400 seats with its allies.According to the Election Commission of India (ECI), the Bharatiya Janata Party (BJP), seeking a third consecutive term and its third straight single-party majority, secured 240 seats.

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.