Stocks to invest after Lok Sabha Elections 2024 results: Report
Mumbai: As all eyes are set on the final results of Lok Sabha elections 2024, market strategists are working on investment plans for investors in the light of likely outcomes.
Finance
Stock market: Investors lose Rs 36 lakh cr as counting paints dismal picture for NDA
Mumbai: As trends in election results continue to defy exit poll predictions, the Indian share market fell sharply this morning, wiping out Rs 36 lakh crore in just three hours, showed real time data.
Adani Group stocks report sharp losses as election trends defy exit poll predictions
Mumbai: Adani Group stocks witnessed a massive drop of nearly 18 percent on Tuesday, taking a big hit after experiencing substantial gains in the last couple of trading sessions.
Sensex, Nifty down 2% each at open as counting of votes for Lok Sabha polls begins
Mumbai/IBNS: Indian benchmark indices opened in the red on Tuesday (June 4) as the counting of votes for Lok Sabha election begins with showing BJP-led NDA in the lead in the early trend, reports said.
RBI says 97.82 per cent of Rs 2000 currency notes received by govt, Rs.7755 crore still with public
The Reserve Bank of India on Monday announced the government has received 97.82 per cent of Rs 2000 currency notes that were in circulation as on May 31, 2024.
Stock Market: Markets close at record high levels on expectation of Modi govt's return; NIfty, Sensex jump over 3%, Bank Nifty crosses 50,000 mark
Mumbai: Monday's trading session concluded with the benchmark equity indices recording gains. The NSE Nifty 50 surged by 733.20 points or 3.25% to settle at 23,263.90, while the BSE Sensex soared by 2507.47 points or 3.39% to 76,468.78.
India's manufacturing growth slowest in 3 months due to intense heat wave in May
New Delhi: India's manufacturing sector experienced a slowdown in May, reaching a three-month low, due to an intense heatwave that disrupted production volumes, resulting in a more moderate increase in new orders and output. Despite this, the sector continued to operate in expansionary territory during May, according to a survey.
State Bank of India becomes 7th Indian listed company with market cap of Rs 8 lakh cr
Mumbai: State-run lender State Bank of India has become the seventh Indian listed company to surpass a market capitalization of Rs 8 lakh crore.
Nifty, Sensex rise over 3%; Volatility Index falls to 20%
Mumbai: Markets rode a wave of optimism with both Nifty and Sensex rising over 3 percent around noon on June 3. The rally in the Indian markets kicked in after exit polls on June 1 predicted a decisive win for the NDA government, media reported.
FPIs may cut bearish bets, releasing bulls on D-Street today following BJP’s exit poll surge
Mumbai/IBNS: Traders and experts predict that overseas investors, known as Foreign Portfolio Investors (FPIs), will reduce their negative bets on the stock market on Monday (June 3) after the exit polls released on Saturday (June 2) indicated a strong performance by the Bharatiya Janata Party (BJP) in the national elections, reports said.
Investor wealth shoots by Rs 12.48 trillion in Monday morning trading sessions
Mumbai: Investors saw their wealth swell by Rs 12.48 trillion during Monday morning's trading session as the benchmark equity index, Sensex, reached an all-time high, reported media.
Adani Group stocks surge, adding Rs 2.6 lakh crore in two sessions
Mumbai: Adani Group stocks continued their upward momentum for the second straight session on Monday, reflecting the bullish trend in Indian equities, following exit polls predicting the return of Narendra Modi as Prime Minister of India.
Amul hikes milk prices by Rs 2/lt across all variants with effect from today
Ahmedabad/IBNS: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name 'Amul', on Sunday (June 2) hiked the prices of milk by Rs 2 per litre across all variants, reports said.
Sensex shoots up by 2,000 points after exit polls show Modi's landslide victory in Lok Sabha polls
Mumbai/IBNS: The Indian stock market zoomed past by 2,000 points since the morning bell on Monday, in tune with the exit polls showing the return of the Modi government with a landslide victory in the Lok Sabha polls.
Lok Sabha 2024: Post exit poll predictions, healthcare sector expects bigger push in Modi 3.0
New Delhi: After the seventh and final phase of voting in the 2024 Lok Sabha elections, exit polls have forecasted a third term for the National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP).
Market set for an 'explosion' but subsequent weeks would witness the final run for 'modi stocks', says market veteran Sushil Kedia: Report
Mumbai: Market veteran Sushil Kedia, who has been bullish on a third term for NDA, feels that the actual poll verdict might surpass the predictions and anticipated an "explosion" in the market, with almost all stocks rallying but the subsequent phase would be driven by stocks that have underperformed so far, media reported.
Lok Sabha Elections 2024: Mumbai's Phalodi Satta Bazar reveals final predictions after exit poll results
Mumbai: With all eyes trained on the Lok Sabha Election results, illegal betting in grey markets have garnered attention with their survey predictions, especially now when their calculations have fallen in line with those of exit polls, according to media reports.
Gautam Adani replaces Mukesh Ambani as Asia's richest man on Bloomberg Billionaires Index
Mumbai: Billionaire Gautam Adani has reclaimed the title of Asia’s richest person from Reliance Industries Chairman Mukesh Ambani, according to the Bloomberg Billionaires Index.
Tesla investor sues Elon Musk for alleged $7.5 billion insider trading
Delaware/IBNS: Tesla CEO Elon Musk has landed in yet another controversy as he has been named in a shareholder lawsuit for allegedly being involved in $7.5 billion insider trades at the electric car manufacturer, reports said.
Govt slashes windfall tax on petroleum crude to Rs 5,200 pmt
New Delhi/IBNS: The government has reduced the windfall tax on petroleum crude to Rs 5,200 ($62.33) per metric ton, down from Rs 5,700 per metric ton, according to a notification issued on Friday (May 31).
Orient Electric appoints Ravindra Singh Negi as Managing Director and CEO
New Delhi: Orient Electric Limited, part of the diversified USD 3 billion CK Birla Group, announced today the appointment of Ravindra Singh Negi as its Managing Director and CEO.
Canara Bank to dilute 14.50% stake in Canara HSBC Life Insurance Company via IPO
Mumbai: Public sector lender Canara Bank has approved a proposal to dilute a 14.50 percent stake in its insurance subsidiary, Canara HSBC Life Insurance Company, via an initial public offering (IPO), the bank announced on the exchanges on May 31.
Centre used Rs 9,48,506 cr in Capex in FY24
New Delhi: The Centre utilized Rs 9,48,506 crore for capital expenditure in FY24, nearly matching the revised estimate (RE) of Rs 9,49,555 crore, accounting for 99.9 percent of the RE, according to government data released on Friday.
India's FY24 fiscal deficit at 5.6% of GDP lower than estimated 5.8%
New Delhi: India's fiscal deficit for FY24 was Rs 16.54 lakh crore, below the budgetary target of Rs 17.86 lakh crore, reaching 95.3 percent of the target, according to data from the Comptroller General of Accounts released on Friday.
India's core sector grows 6.2% YoY in April 2024
New Delhi: India's index of eight core sectors grew by 6.2 percent year-on-year in April, following a 6 percent growth in March, according to official data released on Friday.
Bank of India launches 666 days fixed deposit plans
Bank of India has launched its “666 Days - Fixed Deposit” which offers returns on deposits as high as 7.95% p.a. for Super Senior Citizens for 666 Days for deposit amount of less than Rs.2.00 Crs.
India's March GDP growth touches 7.8 per cent, pushing annual growth rate to 8.2 percent
India's GDP growth touched 7.8 percent in the March quarter, pushing the annual growth rate to 8.2 per cent, as per data released by the Indian government on Friday.
‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman
New Delhi: The ‘seeds’ of the NPA crisis were sown during the Congress-led UPA era through ‘phone banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries. Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans, Sitharaman said on X.
ED seized Rs 64,920 cr in 1,105 bank fraud cases; assets worth Rs 15,183 cr restituted to banks during NDA regime: Nirmala Sitharaman
New Delhi: The Enforcement Directorate (ED) has seized Rs 64,920 crore related to nearly 1,105 bank fraud cases to date, Finance Minister Nirmala Sitharaman reiterated on May 31 in a series of posts on the social media platform X.
RBI to permit opening of rupee account outside India: Report
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday announced to permit the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency, reports said.