Omar Abdullah faces a pivotal election in Ganderbal as he seeks to reclaim a key constituency tied to his family's legacy. He is up against PDP's Bashir Mir and independent candidates. Despite strong support from his family and the NC, the race remains tight and unpredictable.
Maharashtra's Deputy Chief Minister and senior BJP leader, Devendra Fadnavis, addressed a press conference following a review meeting on the Lok Sabha results. Fadnavis has offered to resign after taking responsibility for the BJP's poor performance in the state's Lok Sabha elections
Key NDA Meeting At PM Modi's Residence | Lok Sabha Election Results 2024
All equity-oriented mutual fund categories were battered on June 4 after it became clear that the BJP won't go past the majority mark on its own and would be heavily dependent on support from allies, with investors being jittery about the stability of the government and 'compulsions' that a coalition regime might face. However, experts advise investors not to be swayed by short-term gyrations and focus on long-term investment goals instead.
Will a surprise election verdict trigger more selloff? Will The Market Correction Create A Buyer’s Market? Catch Moneycontrol's N Mahalakshmi in conversation with Sandeep Tandon, CIO, Quant Mutual Fund to know more.
Sushil Kedia, the founder of Kedianomics believes that the era for public sector undertakings (PSUs) might be over, suggesting that defense and railway thematic stocks have also likely topped out.
Don’t be swayed by short-term gyrations, stick to your asset allocation and focus on long-term goals. Here are five passively managed index funds each from the mega, large, mid, small and microcap segments can help you get better returns over the long run
Market sees biggest drag in 4 years as investors' wealth erodes by Rs 30 lakh crore. The Nifty ended the day at 21,884.50, down 1,379 points after touching a low of 21,281 during the day. The Sensex tumbled 4,389 points to finish at 72,079.05. Mid and small caps fared even worse with the respective indices falling 6-7%. The big worry for the market is the policy decisions could slow down, now that BJP might not get majority on its own.
From being the darlings of D-Street to concerns over stretched valuations prompting bearish outlook, BJP's smaller-than-expected victory stole the sheen out of PSU, railways, defence and construction stocks.
Equities will be volatile for now, and there is a risk of young and inexperienced investors, particularly those who entered the market post COVID-19, wilting due to the meltdown. However, it is best to stay calm, focus on long-term financial plan and asset allocation, say financial planners.
Thakkar believes a coalition government may slightly delay decision-making but won't alter policy significantly, reassuring the market.
Arora suggests shifting bets to defensive sectors like pharma and FMCG in the near-term as valuations in the PSU space take a breather.
After their bull run in the past year, PSU stocks may see a near-term cool down as they come off extremely overbought zones. In such times, other sectors like banking, information technology and others may take the lead to lift the market, said Rohit Srivastava of Indiacharts.com.
The counting for Lok Sabha election results started at 8 am, and as per the early trends the BJP-led NDA is leading at 293 seats with holding its heartland bastion, while the Opposition’s INDIA bloc is at 189 seats. The Opposition has clearly made up some ground, compared to the 2019 numbers.
Despite the potential for a slightly reduced majority for the BJP, the fundamentals of the economy and its prospects remain unchanged. This much can be confidently stated at this juncture, said Deven Choksey.
Lok Sabha Election Results LIVE : किसकी बनने जा रही है सरकार?| LIVE Results News | Counting | N18L
Shares of Hindustan Aeronautics, Bharat Dynamics, BEML, Bharat Electronics and several other defence companies hit all-time high on June 3 after exit polls showed a policy continuity by the PM Modi government.
The exit polls have predicted a strong position for BJP-led NDA, and the cash that had been waiting on the sidelines could now pour into the market, believes Nomura.
Congress leader Jairam Ramesh is confident that the INDIA bloc will secure a decisive mandate in the upcoming Lok Sabha polls, predicting a swift decision on the prime ministerial candidate within 48 hours. Ramesh emphasizes the party with the most seats will naturally lead the alliance. He also discusses potential post-poll alliances and the coalition's commitment to stable and transparent governance. Get the latest insights and updates on this significant political development.
Congress has secured a majority by winning 64 out of the total 119 Legislative Assembly seats in the election held on November 30.
Gehlot won the Sardarpura seat with a margin of 26,396 votes by defeating BJP’s Mahendra Rathore.
In Madhya Pradesh, 0.98 per cent of the voters went for the NOTA option out of total voter turnout of 77.15 per cent. In neighbouring Chhattisgarh, 1.26 per cent of the electors pressed the NOTA button.
A campaign devised by its central leadership with Home Minister Shah focussing more on MP and Chhattisgarh worked like a magic, party leaders said.
The Election Commission has announced that the counting day of 5 state which will go to polls in November will be on 3rd December. These elections are especially crucial, since they come ahead of the mega national elections in 2024. How much do state elections impact national poll results -- and what should we be watching out for? Catch this conversation between Moneycontrol's Stacy Pereira and CNN News18's Rahul Shivshankar!
Live Election Results 2023 Highlights: The BJP is set to retain power in Tripura, where the Left appears to have further weakened, and the newly floated TIPRA Motha has emerged as the main opposition. In Nagaland, BJP's ally NDPP has dominated the polls and is poised to form the government again. Meghalaya has thrown a fractured mandate, with the ruling NPP falling short of the majority-mark.