4 июня 2024 года
Economictimes.indiatimes.com
Initial poll result trends triggered a market bloodbath but some stocks like HUL, Dabur, and DMart resisted the . NDA leads but may not get a strong majority. Market fell over 7%, with HUL gaining. Analysts predict more correction if NDA falls below 300 seats.
Congress leader Rahul Gandhi was ahead in both the Lok Sabha seats of Rae Bareli, Uttar Pradesh, and Wayanad, Kerala. Gandhi held a substantial lead in Wayanad, with over a 100,000-vote margin, and in Rae Bareli, he was ahead by 51,000 votes, according to the Election Commission's data. His decision to contest from Rae Bareli was viewed as a continuation of his family's long-standing influence in the constituency, where his mother had represented the seat for twenty consecutive years from 2004 to 2024.
The stock traded at a P/E multiple of 20.9, while the price-to-book value ratio stood at 2.87.
A BSE Ltd gauge of state-run stocks dropped by as much as 20%. Shares of Adani Enterprises Ltd. and Adani Ports & Special Economic Zone Ltd. slumped more than 20%.
As the street grapples with what will be the final come out of elections, the street is witnessing two things, unwinding of the long position which were taken after the exit poll showed a comfortable win for ruling BJP and also fresh short position being created. Whatever may be the final outcome, it would be better to stick to the basic principle of investing, that is looking at fundamentals and developments in the sector and only when things are positive on both the front then only go ahead and take a decision. Читать дальше...
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.
Delhi Lok Sabha election winners' list: Delhi seems to be rooting for BJP again. Going by counting data around mid-day, the saffron party is leading in all the seven seats in the capital.
The possibility of a bear market looms if NDA's seat tally falls short, shifting focus to economic growth and earnings. A hung parliament may trigger a market downturn before investors refocus on financial indicators.
The TMC was leading in 31 seats after several rounds of counting, while the BJP was ahead in 10, and Congress in one, according to the Election Commission website at 12:30 PM.
Indian startups and large new-age companies have been cutting down their workforce since the beginning of this year.
Amazon is promoting India’s social media influencers to create content directly on the Amazon platform. Zahid Khan, director of shopping initiatives at Amazon, highlights the dual approach of leveraging external social media platforms and creating engaging content on Amazon.
The stock quoted a 52-week high price of Rs 464.3 and low of Rs 214.25.
Delhi Election Result winner list 2024: As the nationwide electoral process nears its conclusion, the tallying of votes is underway across the country. In the capital city, Delhi, the Bharatiya Janata Party (BJP) is leading in all seven Lok Sabha constituencies, as per the latest trends displayed on the Election Commission (EC) website. Counting centers are established at various locations across Delhi.
Nifty Bank fell to 46,077.85, with all 12 stocks in the index trading in the red. Heavyweights HDFC Bank and ICICI Bank were among the top laggards. State Bank of India (SBI) also contributed to the downfall in good stead.
The Relative Strength Index of the stock stood at 35.01 on Tuesday.
A total of 45,778 shares changed hands on the counter till 01:18PM (IST)
In Madhya Pradesh's Indore, NOTA has received over 1.7 lakh votes, breaking the previous record. The Congress appealed to voters to choose 'None of the Above' option in the Lok Sabha polls. This move came after their candidate withdrew and joined BJP. The Supreme Court introduced NOTA on EVMs in 2013.
BJP is poised for a third consecutive victory in Himachal Pradesh, with all four candidates leading in their constituencies. Notable contests include Anurag Thakur in Hamirpur and Kangana Ranaut in Mandi. Congress faces setbacks, with Anand Sharma trailing. The by-polls reflect voter sentiments towards Chief Minister Sukhvinder Singh Sukhu.
The stock quoted a 52-week high of Rs 196.8 and a 52-week low of Rs 85.51.
New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settlement, faster New rule for EPF death claim. Let us take a closer at each of these four changes.
I think the markets have moved beyond that phase where they used to differentiate between PSUs and private. So, I think businesses are now getting discounted or they are trading as per the underlying fundamentals which I think is very good. So, I think while we still talk in terms of PSUs, non-PSUs, but markets are not differentiating between public and private enterprises anymore.
Air Canada will operate 25 weekly flights this winter from Canada to India, offering a total of 7,400 seats each week. This includes up to 11 weekly flights from Toronto to Delhi and Mumbai, daily flights from Montreal to Delhi, and daily flights to Delhi from Western Canada via London Heathrow, the airline said in a statement.