Author: Legal Parivar

Indian government bond yields surged sharply on Tuesday, with the benchmark 10-year bond yield experiencing its largest increase in eight months. This spike was driven by early voting trends in the 2024 Lok Sabha election results falling short of market expectations. The benchmark 10-year bond yield rose to 7.0130% from its previous close of 6.9438%. Earlier in the day, the yield reached 7.0375%, the highest in nearly two weeks, marking the most significant single-session climb since October 6, according to Reuters. The rupee also declined, trading at 83.35 against the US dollar, down from 83.14 in the previous session, and…

After a fierce campaign, political parties are now bracing for the results of the 2024 General Elections. According to the latest report, the TMC is leading with 22 seats, while the BJP is trailing with 12 seats and the INC lagging with two seats in West Bengal. West Bengal is a key political battleground as it will elect 42 members to the 18th Lok Sabha, with crucial focus areas including Dum Dum, Barasat, Basirhat, Jaynagar, Mathurapur, Diamond Harbour, Jadavpur, Kolkata Dakshin, and Kolkata Uttar constituencies. Other significant regions include Coochbehar, Alipurduar, Jalpaiguri, Darjeeling, Raiganj, and Balurghat. In the 2019 exit…

Shares of Tata Elxsi, Atul, HDFC Life Insurance Company, Landmark Cars, and LTI Mindtree hit fresh 52-week lows today. The Nifty 50 fell by 714.5 points (-3.07%) and the Sensex dropped by 2,973.7 points (-3.89%) as of 04 Jun 2024, 10:59:55 IST. The Bank Nifty was down by 2,152.5 points (-4.22%) as of 04 Jun 2024, 10:44:55 IST. Conversely, stocks such as Emami, Phoenix Mills, Thermax, Macrotech Developers, and Suzlon Energy reached fresh 52-week highs. In the BSE Sensex index, AU Small Finance Bank was the top gainer, while Bank of Baroda, Punjab National Bank, State Bank of India, Bandhan…

Adani Group stocks experienced a sharp decline on Tuesday after most of the group’s stocks reached 52-week highs in the previous session. This drop followed a general downturn in the Indian markets, spurred by early election trends indicating a tighter result than exit polls had suggested. The losses on Tuesday wiped out the gains from the previous day. In intra-day trading, Adani Total Gas saw the steepest fall, dropping 18.5 percent to a low of ₹912.05. Adani Green Energy followed closely, declining 18.3 percent to ₹1,664.95. Adani Energy Solutions fell 14.2 percent to ₹1,048.70, and Adani Power decreased by 13.6…

After a robust surge in the preceding session, propelled by optimistic exit polls predicting a clear BJP victory in the Lok Sabha elections, market sentiment took a hit as actual election results revealed a mixed trend on Tuesday morning. The stark contrast between exit poll projections and ongoing vote counting, indicating varied outcomes, tempered investor confidence, prompting a more cautious approach in the market. Despite initial enthusiasm, uncertainty surrounding the election outcome introduced volatility, compelling investors to reassess their positions and adjust their strategies accordingly. Against this backdrop, the Nifty 50 relinquished all gains from Monday, plummeting 3.75% in today’s…

Beacon Trusteeship’s share price saw a remarkable debut on NSE SME today. Vilas Transcore share price opened at ₹90, a staggering 50% higher than the issue price of ₹60. Following its impressive debut, the stock was locked in a 5% upper circuit. The Beacon Trusteeship IPO subscription window opened on Tuesday, May 28, and closed on Thursday, May 30. Priced at ₹60 per equity share with a face value of ₹10 each, the IPO received overwhelming demand, with the subscription status reaching 465.20 times on the final day of bidding. Established in 2015, Beacon Trusteeship Limited specializes in various trustee…

Within the initial 20 minutes of trading on Tuesday, June 4, a sharp selloff in the Indian stock market led to a significant loss for investors, reducing their wealth by approximately ₹20 lakh crore. By 9:35 am, the overall market capitalization of companies listed on the BSE plummeted to nearly ₹406 lakh crore, compared to nearly ₹426 lakh crore in the previous close.

Election Results 2024: In very early trends, the BJP-led NDA has exceeded the 200-seat mark, while the Opposition’s INDIA bloc is at 122 seats. However, it is important to note that these trends are preliminary and will continue to evolve as the counting progresses.

Lok Sabha Election Results 2024 Live: Early trends show the NDA leading with 8 seats, while the INDIA bloc has secured 3 seats as the counting for the Lok Sabha Election begins.

The initial public offering (IPO) of Go Digit General Insurance has garnered significant interest, with the subscription reaching 1.09 times on the third day of bidding. According to data available from the BSE at 11:24 IST, the IPO received bids for 4,17,43,735 shares against the total offer of 5,28,69,677 shares. Subscription Details: The IPO has attracted widespread attention from investors across different categories, reflecting the market’s interest in Go Digit General Insurance’s public debut.