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Election anxiety in India, South Africa weigh on EM equities, FX Emerging market stocks looked on course for their steepest fall in seven weeks on Tuesday, with Indian shares slumping on nervousness around election results, while political uncertainty continued to weigh on the South African rand. The MSCI EM equities index fell 1.6%, having dropped as much as 1.9% earlier in the session. The benchmark was set for its biggest percentage drop since April 16. India's main stock indexes slid more than 5% each, pulling back from record levels hit on M...
Election anxiety in India, South Africa weigh on EM equities, FX
Election anxiety in India, South Africa weigh on EM equities, FX
Source: Reuters
2024-06-04 04:09:27 pm
Quote on Upcoming election results by Mr Nirav Choksi, CEO & Co-founder of CredAble Below the Quote on Upcoming election results by Mr Nirav Choksi, CEO & Co-founder of CredAble   “India has made impressive strides to become a prominent geopolitical and economic force to reckon with. As India fortifies its global position, we hope the newly elected government will ensure a favorable regulatory environment by simplifying regulations and compliance procedures for startups, making it easier for entrepreneurs to start and run a business in new sectors. ...
Quote on Upcoming election results by Mr Nirav Choksi, CEO & Co-founder of CredAble
Quote on Upcoming election results by Mr Nirav Choksi, CEO & Co-founder of CredAble
Source: CredAble
2024-06-04 09:06:17 am
Rupee to inch up at open, traders eye election verdict The Indian rupee will open marginally higher on Tuesday, with the intraday direction to be dictated by results of the country's general elections. Non-deliverable forwards (NDF) indicate the rupee will open at 83.08-83.10 to the U.S. dollar compared with 83.1425 in the previous session. The uptick at open indicated by NDF "has got to do with the overall dollar weakness and hardly matter today", a FX trader at a bank said. The vote count trends will begin trickling in fr...
Rupee to inch up at open, traders eye election verdict
Rupee to inch up at open, traders eye election verdict
Source: Reuters
2024-06-04 08:55:18 am
Quote on Election stock picks by Mr. Amar Ambani, Executive Director, YES Securities Below the Quote on Election stock picks by Mr. Amar Ambani, Executive Director, YES Securities   The market is presently in a wait-and-watch mode. A clear mandate would reinforce confidence in India, ensuring policy continuity. Positive FII flows can be anticipated with a clear majority in the election results. After the completion of this mega event, the Indian economy will continue on its growth path; hence, we expect capital markets to be buoyant in the year ahead.   ...
Quote on Election stock picks by Mr. Amar Ambani, Executive Director, YES Securities
Quote on Election stock picks by Mr. Amar Ambani, Executive Director, YES Securities
Source: Yes Securities Ltd.
2024-05-31 03:46:46 pm
Analysis-Traditional pre-election rally eludes Indian stocks With weeks to go before India starts voting in a general election that the incumbent government is widely expected to win, Indian equity markets are uncharacteristically languid and not seeing the traditional pre-election rally. Analysts say this time is different, pointing to a stellar rally in the past year, rich valuations and uncertainties around political issues such as corruption and electoral funding as factors giving investors reason to pause. The Nifty index has climbed over 30...
Analysis-Traditional pre-election rally eludes Indian stocks
Analysis-Traditional pre-election rally eludes Indian stocks
Source: Reuters
2024-04-02 11:57:41 am
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest Behind the doors of a small, non-descript office in the heart of New Delhi lies the headquarters of an electoral trust run by just two men that is the largest-known donor to India’s ruling Bharatiya Janata Party (BJP), according to a Reuters review of public records. The Prudent Electoral Trust has raised $272 million since its creation in 2013, funnelling roughly 75% of that to Prime Minister Narendra Modi's party. The trust’s donations to the BJP total 10 times as much as...
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest
Source: Reuters
2024-03-14 09:08:13 am
Three months into the general election results, Nifty closed in the green on four occasions On a 3-month basis into the election results, the Nifty has closed in the green on four occasions with an average up-move of 10.7%, JM Financial Institutional Securities said in a research on markets movement post India’s general elections. The maximum positive move of 25% was observed in 2009 while a minimum positive move of 8% was observed in 2019. The index had closed in the red in 2004, down by 10%. However, it was followed by a massive recovery from Jun’04 onwards, the res...
Three months into the general election results, Nifty closed in the green on four occasions
Three months into the general election results, Nifty closed in the green on four occasions
Source: IANS
2024-02-26 01:02:29 pm