UPS Financial News

Charanjit Singh Channi, the former Chief Minister of Punjab, has secured a decisive victory in the Jalandhar Lok Sabha constituency. Channi, representing the Indian National Congress (INC), defeated his main opponent, Sushil Kumar Rinku from the Bharatiya Janata Party (BJP), by a substantial margin of 1,75,993 votes.

stocks hit their 52-week lows on Tuesday as the markets crashed after the early trends suggested that the NDA will form the government but with a lesser- than-expected majority. Shares of Veritas Advertising and Bodhi Tree Multimedia saw the highest fall of nearly 20% each on Tuesday to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows. These estimates led the benchmark indices Sensex and Nifty losing over 7% each in what is the biggest fall in over 4 years. Tata group companies Tata Elxsi and Tata Technologies shares also fell 7.8% and 5%, respectively, on Tuesday while those of HDFC Life Insurance Company fell by 7% to new 52-week low on the BSE.

In a stock exchange notice today (4 June), the trust said it is trading at a «significant discount», but argued it its share price does not «accurately reflect» the value of its portfolio. Investment trust buybacks hit highest monthly figure on record According to data from the Association of Investment Companies, ORIT currently holds around £1.1bn in assets and is trading at a 30.1% discount. The decision stemmed from recent valuations achieved through net asset sales as well as the trust's capital recycling programme. ORIT noted that last year under the programme, it made two ...

ACC Ltd. traded at Rs 2351.0 on BSE at 01:44PM (IST) on Tuesday, down 12.19 per cent from previous close. The scrip quoted a 52-week low price of Rs 1755.8 and a high of Rs 2759.95.

stocks including Hindustan Unilever (HUL), Dabur, DMart, Marico resisted the negative sentiments. Early trends suggested that NDA is in pole position to form the government for the third consecutive term but unlikely to gain a brute majority of over 400 seats. This led to benchmark indices Sensex and Nifty losing over 7% in what is the biggest intraday fall in over 2 years.

Congress party, which had put forward 328 candidates for the Lok Sabha elections, was leading in 99 constituencies nationwide on June 4, surpassing the predictions of various exit polls on June 1.

"India's nominal GDP is growing around 10-11% because we are fundamentally a lower inflation country. So, I think to that extent we need to reset our long-term return expectations," says Prashant Jain, 3P Investment Managers. You were telling us about your next seven-year idea. Seven years back, it was PSUs. And it cannot be a SIP. I think buy Indian equities because India's growth is accelerating. You cannot ignore that. Our cost of capital is lower, you cannot ignore that. The local flows are sizable. And our bank balance sheets, company balance sheets are extremely good. Our current account deficit is low. The external environment is very conducive whether you talk about manufacturing or about services. So, I think I would be positive on India. I would continue to be positive on Indian equities. And see, please appreciate what happened yesterday. If something moves up 10%, 12%, and it is pricing in a lot of expectations. After all, what changed in a single day yesterday? Nothing.

Also Read: Election Results 2024 Sensex Crash Live Updates: Bloodbath on Dalal St. as Sensex falls 4,600pts, Nifty down 6.2%BSE-listed companies erased market-cap of nearly ₹40 lakh crore. The Sensex fell below 72,000 and the Nifty 50 fell below the 21,200 mark, falling by around 7% each.

Zomato shares cracked 16%, Honasa Consumer shares tanked 17%, while Delhivery and Nykaa stock price plummeted over 8% each and PB Fintech shares dropped over 6%.The fall in new-age tech stocks was in-line with the broader market selloff. The overall market capitalisation (mcap) of BSE-listed companies plummeted by nearly ₹40 lakh crore to ₹388 lakh crore.Read here: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedIndian markets witnessed a sharp selloff on Tuesday, June 4, erasing all of Monday's gains as early trends indicated that the Lok Sabha election results could be tighter than exit polls had predicted.These unexpected trends in election results 2024 caused panic among investors, with both the frontline indices, Sensex and Nifty 50, witnessing their biggest single-day fall in more than two years.

₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.

Uttar Pradesh, is currently trailing.The Congress candidate, KL Sharma, a loyalist of the Gandhi family, has surged ahead with a lead of over 50,758 votes.This development could indicate a significant shift in Uttar Pradesh during this election, potentially setting the stage for a major upset.Also Read: Smriti Irani, Amethi Election Results 2024 Live Updates: Smriti Irani trailing with a margin of 47,424 votesMeanwhile, Rahul Gandhi is leading from Rae Bareli with 1.24 lakh votes.The INDIA bloc is leading in 43 Lok Sabha seats in UP, while the BJP-led NDA is ahead in 36 seats.Among the INDIA bloc parties, the Samajwadi Party (SP) and Congress are leading in 34 and nine seats, respectively, according to the election panel's data for the 80 parliamentary constituencies in the state. Meanwhile, the BJP is leading in 34 seats, with its ally Rashtriya Lok Dal (RLD) ahead in two.Also Read: Election Results 2024 Live Updates: NDA nears 300 seats; INDIA bloc defies exit poll predictions with 222 leadsNotably, Chandrashekhar of the Azad Samaj Party (Kanshiram) is leading by a margin of 53,250 votes over BJP's Om Kumar in the Nagina constituency.Several prominent leaders have secured comfortable leads over their rivals, including Prime Minister Narendra Modi in Varanasi, Home Minister Rajnath Singh in Lucknow, Samajwadi Party chief Akhilesh Yadavin Kannauj and his wife Dimple Yadav from Mainpuri.

Bharatiya Janata Party candidate Lallu Singh in Faizabad Lok Sabha seat by over 3000 votes by 12.30 pm, the Election Commission of India said as the counting for Lok Sabha Elections was underway on June 4. Temple city Ayodhya, where the Ram Temple, falls under Faizabad seat, one of the 80 Lok Sabha seats of Uttar Pradesh.Prasad had bagged 15,1501 votes while his closest rival Singh was at 14,8143, as per the poll panel numbers.Follow Live Updates on Election Results 2024 HereIn January, Prime Minister Narendra Modi inaugurated the Ram Mandir in Ayodhya – an event which many saw would fetch electoral benefits to the BJP.Lallu Singh had won the seat in 2014 and 2019.INDIA bloc parties, the Samajwadi Party and the Congress, were leading on 41 of the 80 UP seats.

Not all treasure is buried with an “X” to mark the spot. Sometimes it’s waterlogged at the bottom of a lake in Queens, New York.

Bajaj Holdings & Investment Ltd. dropped 2.91 per cent to Rs 7775.95 at 12:17PM (IST) in Tuesday's trade. The counter hit a high of Rs 8014.5 and low of Rs 7760.1 so far during the session. The stock had closed at Rs 8009.25 in the previous session. The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 0.43 crore on BSE. The stock traded at a price-to-earnings multiple of 12.23 and a price-to-book ratio of 1.7.

NCP and Shiv Sena, are trying to prove their legacy by fighting in seperate allainces.

companies such as PFC, REC Ltd and Adani Ports suffered the worst hit in today's market mayhem which witnessed a massive selloff on the back of a poor showing by the Narendra Modi led NDA in the Lok Sabha elections, results for which were trickling in early in the day. PFC and REC Ltd fell nearly 20% to Rs 443.85 and Rs 485 respectively while companies like HUDCO, Adani Energy Solutions, Adani Green Energy, Titagargh Rail and Adani Total Gas also witnessed an over 15% crash so far in the day.

SBI Cards and Payment Services Ltd. dropped 3.29 per cent to Rs 681.95 at 12:02PM (IST) in Tuesday's trade. The counter hit a high of Rs 709.95 and low of Rs 676.1 so far during the session. The stock had closed at Rs 705.15 in the previous session. The counter had a total traded volume of 12:02PM shares so far with a turnover of Rs 3.22 crore on BSE. The stock traded at a price-to-earnings multiple of 27.71 and a price-to-book ratio of 5.37.

Lok Sabha Elections 2024. From the 527 seats for which the trends are available, the BJP-led National Democratic Alliance (NDA) was ahead on 283 seats while the opposition INDIA bloc was leading on 221 seats. The others were ahead in 23 seats.

robot or robotics, what’s the first thing that comes to mind? For many of us, it’s the iconic movie Robot starring Rajinikanth. One important takeaway from it was the potential impact of robots on human lives. The movie depicted a future in which robots could replace humans, and given the rapid advancements in robotics and AI, it's hard to deny that this fiction could one day be our reality.

Catch Live Updates of Lok Sabha Election Results 2024Most exit polls predicted a massive victory for PM Modi's BJP. Most post-poll surveys forecast 350-370 seats for the NDA and 107-140 seats for the Opposition's INDIA bloc.Will NDA achieve its target of winning record 400 seats in the 2024 Lok Sabha polls?Axis My India predicted that the NDA might be able to achieve their goal of ‘400 paar’, creating a record for the number of seats won by an alliance in the Lok Sabha ever.Axis My India exit poll predicted 322-340 seats for the BJP – up from 303 seats it won in the 2019 Lok Sabha Elections – and 39-61 seats for its allies.

defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their respective lows of Rs 1,440.35 and Rs 287.25. Cochin Shipyard shares dipped nearly 9% while Hindustan Aeronautics shares fell 10%.