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Tube Investments of India Ltd. fell 1.12 per cent to Rs 3796.5 at 11:41AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 10,771 shares with a turnover of Rs 4.07 crore till 11:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.72, while the price-to-book value ratio stood at 18.18.

Sensex and Nifty tanked nearly 4% to the day's low of 73,659.29 and 22,389.85 respectively on Tuesday, with early trends suggesting a fightback by the India alliance albeit a majority mark for the NDA alliance, certain sectors managed to hold themselves as others witnessed a free fall. While Sensex slipped from Monday's closing of 76,468.78 by 2809 points on the intraday basis, the broader Nifty witnessed an 874 point fall to 23,263.90.

Trent Ltd. slipped 2.44 per cent to Rs 4549.95 in Tuesday's trade as of 11:26AM (IST). The stock hit a high price of Rs 4679.95 and low of Rs 4495.0 during the session.

India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day's high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at 20.94 on Monday after the exit polls gave a thumping majority to the NDA government.

Dapper Labs, the firm behind the NBA Top Shot and other notable digital collectibles, recently settled a class action lawsuit with dissatisfied customers. The lawsuit contended that Top Shot NFTs were unlawfully offered securities.

₹90, which is 50% higher than the issue price of ₹60. Following a bumper debut, the stock was locked in 5% upper circuit. Beacon Trusteeship IPO started for subscriptions on Tuesday, May 28, and ended on Thursday, May 30.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, opened Tuesday's trading day down due to the persistent trends from the Lok Sabha election. The market reached an all-time high on Monday, with notable gains and no losses, before this decline.The Nifty 50 opened at 22,855.55, down 408.35 points from the opening bell, while the Sensex fell 1,135.48 points to 75,333.30.

SJVN leading the losses with a decline of 10%, followed by HUDCO with a 7% drop.Other stocks, including Ircon International, GAIL (India), NHPC, Bharat Dynamics, General Insurance Corporation, National Aluminium Company, REC, Union Bank of India, Punjab National Bank, UCO Bank, Bank of Maharashtra, Bank of Baroda, Life Insurance Corporation, and Bharat Heavy Electricals, are all experiencing declines ranging from 5.5% to 7%.Furthermore, the Nifty PSU bank index witnessed a nearly 7% tumble, while the Nifty PSE and Nifty CPSE indices are trading with drops of 6.90% and 6.77%, respectively.Likewise, BSE Power also erased the majority of its Monday gains and is trading with a drop of 6.13%. Meanwhile, the BJP-led NDA on Tuesday surged ahead with leads in more than 200 parliamentary seats out of 350 for which trends were available, with the opposition INDIA bloc ahead in 120, according to television reports.On Tuesday, the BJP-led NDA surged ahead with leads in over 200 parliamentary seats out of the 350 for which trends were available, while the opposition INDIA bloc led in 120 seats, according to reports from television channels.The previous day, the BSE benchmark witnessed a remarkable surge, gaining 2,507.47 points, or 3.39%, and settling at a new closing peak of 76,468.78, marking its most substantial single-day increase in three years.

Indian market is expected to trade volatile amid election results. The Nifty future closed positive with gains of 3.30% at 23450 levels on Monday. India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels.

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

investors chose to adopt a risk-averse stance ahead of the announcement of Lok Sabha election results later in the day, Sensex opened over 1,600 points lower on Tuesday, dragged by heavyweights Reliance Industries, and financial stocks. As of 9:50 am, the BSE Sensex was trading 1,700 points, or 2.09%, lower at 74,867.26. The Nifty50 was down 509.60 points, or 2.19%, trading at 22,754. Volatility gauge India VIX also spiked 20% to 25 levels.

«But if you are an investor, then you have to take a three- to five-year view. What I like is that if Prime Minister Modi wins then that is just a validation of the political stability, which is a precursor to economic growth,» says Manish Singh, Market Expert. Do you think the fundamentals are strong enough to kind of take these markets further ahead, what is your opinion? I do agree with Mr Subramanyam that it depends upon what sort of investor you are. And with any trade, the key thing is your investment horizon and that pretty much dictates your risk reward that you are going to look at. If you are of trader mentality, you believe that there is going to be a volatile outcome either way, then you benefit from it, so that is one trade one can think of. I do not recommend that because I am a more medium-term investor. But again, if you are a trader, then you can put those trades and benefit from that.

Government bond yields closed at their lowest levels in more than two years, and the rupee logged its largest single-day gain since December, as exit polls predicted a strong victory for the ruling National Democratic Alliance (NDA) in the general elections, kindling expectations of policy continuity. Yield on the 10-year benchmark government ended the day's trade at 6.9438%, its lowest closing level since April 7, 2022, LSEG data showed. The bond had closed at 6.9860% on Friday. Bond prices and yields move inversely. A fall in government bond yields makes it cheaper for companies to raise funds through debt as sovereign bond yields are the pricing benchmarks for corporate debt.

rally, taking heart from the exit polls which have predicted a massive mandate for the Modi government once again. In today's trade, shares of ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon among others will be in focus today due to various news developments. ZEE

stock market zoomed to record highs on Monday, clients of various large brokerages were unable to cut their holdings earlier in the trading session on account of a system failure at India's largest depository, Central Depository Services (CDSL). Officials at top broking firms said the TPIN (Transaction Personal Identification Number) authorisation issued by CDSL for selling shares was not functioning. TPIN authorises CDSL the debit of securities from their demat account in sale trades.

Indian equities soared to new closing highs, the rupee firmed up and bond yields fell to two-year lows on Monday as investors cheered the likelihood of the Bharatiya Janata Party (BJP) returning to power with a strong majority, based on exit poll numbers. The benchmark indices jumped over 3% each, the biggest single-day gain in four years, while the Volatility Index (VIX) — the market's fear gauge — plunged 14.9% a day before votes are counted Tuesday. Whether the bullish momentum continues over the next few trading sessions will depend on how many seats the BJP-led coalition gets. Investors should brace for a brief reversal if the results aren't aligned with exit poll predictions, analysts said. «Given that the exit poll trends translate into results on Tuesday, a continuation of the relief rally can happen, with the market (Nifty) touching 23,500 briefly before profit booking takes over,» said Venugopal Garre, managing director, Bernstein, in a note to clients. «A greater margin of victory — with seats going into the 380-390 or above range — can increase the magnitude but not the duration of the rally.»

Also Read: Nifty to reach 24,500 by the end of this year: BofA SecuritiesWe gathered expert opinions on how they expect the Nifty 50 to move on election result day. Will Nifty 50 break Monday's record or remain in a range? Here's what they said:Chouhan believes that as long as the Nifty 50 trades above 23,000, the bullish momentum will likely continue."On the higher side, the index may rise to 23,500 or even 23,800 levels.

E-Trade is having internal discussions about whether to ban Keith Gill — the meme stock trader who just disclosed a big position in GameStop — from the trading platform over concerns regarding potential market manipulation, The Wall Street Journal reported Monday.

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Bitcoin (BTC/USD) is currently trading at $69,300, up 0.17% in the 2-hour timeframe, signalling a bullish Bitcoin price prediction, especially as it stays above the $69,100 level.

Rising uncertainty around the US election could endanger some of this year’s most popular macro trades as investors rush to cut exposures, according to Morgan Stanley.