POLL BETS
Britain's Labour on track for landslide victory, exit poll suggests, amid anger with Conservatives
The poll released moments after voting closed indicated that center-left Labour's leader Keir Starmer will be the country's next prime minister. He will face a jaded electorate impatient for change against a gloomy backdrop of economic malaise, mounting distrust in institutions and a fraying social fabric. As thousands of electoral staff tallied millions of ballot papers at counting centers across the country, the Conservatives absorbed the shock of a historic defeat that would leave the depleted party in disarray and likely spark a contest to replace Prime Minister Rishi Sunak as leader.
Here comes the 'KHive': Buzz for Kamala Harris grows after Joe Biden's debate stumble
Harris has been criticized throughout her three-plus years in office, with articles examining her management of the border crisis and her struggle to define her tenure in the often-thankless role of vice president. She has proved unpopular enough among voters that she has often not been immediately thought of as President Joe Biden's obvious successor, with Democratic stalwarts often naming governors like Gretchen Whitmer of Michigan and Gavin Newsom of California as more appealing choices.
A democracy where you can abuse a politician - & not be jailed?!
The informal yet respectful dynamic between the public and politicians in Britain reflects a unique form of democracy. Unlike the VIP treatment in India, British politicians face direct questions and criticisms, fostering a more transparent and accountable political environment that ultimately strengthens the democratic process.
'Furious' Rishi Sunak tries to override betting scandal in UK election campaign
In the last televised debate before the polls on Wednesday night, Britain's first Prime Minister of Indian heritage went head-to-head with Labour's Keir Starmer and was clearly in attack mode as he challenged the Opposition leader eyeing his job over target issues such as taxes.
Israel: Thousands of people hold anti-govt protests, demand new elections and return of hostages
Tens of thousands protested across Israel on Saturday, demanding new elections and the return of hostages held in Gaza. In Tel Aviv, author David Grossman and former Shin Bet chief Yuval Diskin criticized Prime Minister Netanyahu, calling for immediate elections. Demonstrations also occurred outside Likud party headquarters and Netanyahu’s residence. Protests included calls to end the Gaza conflict and highlighted the plight of hostages. Hostages and Missing Families Forum held rallies nationwide, demanding hostages' release. Protests have persisted since the war began on October 7.
Gold edges higher as weak US data lifts Fed rate-cut bets
Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures.
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Gold gains as soft US data lifts Fed rate cut bets
Gold prices rose on Tuesday following softer-than-expected U.S. retail sales data, boosting hopes of Federal Reserve rate cuts. Spot gold and U.S. gold futures also increased, influenced by lower Treasury yields and the declining dollar.
ED searches offices linked to Fairplay app over 'financial fraud'
The Enforcement Directorate (ED) Thursday said it conducted searches on multiple locations in connection with its probe on an offshore illegal betting application, Fairplay. The said app was allegedly involved in illegal broadcasting of cricket matches, including the Indian Premier League (IPL) and various online betting activities including results of recently concluded Lok Sabha polls.
ED raids portal involved in betting on 2024 poll results, illegal IPL broadcast
The Enforcement Directorate has undertaken raids in Mumbai and Pune as part of a money laundering probe against a website accused of illegal activities. The site in question allegedly engaged in online betting on the 2024 Lok Sabha election results and unauthorized broadcasting of IPL cricket matches.
Eat shit polls, a study of impatience: Why nation wants to know before it needs to know
A man proposes to a woman and asks her what she will say two days later. The man tries to know her decision, but the woman's response is not the same. Recent 'eat shit' polls have been criticized for getting it wrong about Election 2024. Possible reasons include the polls' function being less about predicting results and more about the organizations conducting them. Voters may have lied about their voting, fearing that any truthful responses could become public knowledge.
Traders stunned by election surprises from Mexico to India
The world witnessed unexpected outcomes in the Mexican elections and Narendra Modi's victory, impacting markets globally. Claudia Sheinbaum's landslide win also played a significant role in reshaping market dynamics.
Even Rajasthan's Phalodi Satta Bazaar failed to predict it right in Lok Sabha elections
The Rajasthan's Phalodi Satta Bazar, a reliable predictor of election outcomes, failed to predict the BJP's underperformance in the Lok Sabha elections. The betting market predicted the BJP to secure between 303 and 306 seats, while Congress was expected to win 61 to 63 seats. However, the BJP secured only 14 seats, falling 5 seats short and Congress gained 5 seats.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
Phalodi satta market: How it works and how it became a barometer for election results
The small town of Phalodi in Rajasthan has gained national attention for its underground satta market, particularly for predicting election results. With a history rooted in betting on rains and cricket, Phalodi has now become a barometer for poll results in India. The market operates through bookies who analyze voter mood and election trends to set rates for various bets. The fabled accuracy of the Phalodi satta market is attributed to a network of informants across the country.
Why Sanjiv Bhasin is betting big on this IT stock
Commodities, metals, wherever the left out feeling. I am not saying that they are going to fall overnight. See the risk on the table is less. You do not want to be burned right at the top and then see a 15% correction and then forward. So, I think taking money there off. But private banks, like I told you, UltraTech, a lot of those like ABFRL, Vodafone and Rattan Power that Rs 9.50 stock is locked at 20.25.
It's a party on Dalal Street as India m-cap soars to Rs 426 lakh crore
Indian equities surged to new highs on Monday as investors reacted positively to the likelihood of the Bharatiya Janata Party (BJP) winning with a strong majority based on exit polls. Benchmark indices jumped over 3%, the biggest gain in four years.
Election stocks to buy: Over 50 ideas for investors betting their house on Modi's victory
Driven by significant short-covering by Foreign Institutional Investors (FIIs), the Nifty surged approximately 3%, while the Sensex soared by a staggering 2,778 points on Monday morning, following the unexpected exit poll projections of a landslide victory for the NDA. The "Aayega To Modi" slogan became an investing strategy as traders enthusiastically bought Prime Minister Narendra Modi's favored Public Sector Undertakings (PSUs) in entirety.
'Aayega To Modi' becomes new ATM strategy for stock investors before election result
Investors are capitalizing on the "Aayega To Modi" (ATM) strategy, as optimism surges with predictions of Prime Minister Modi's return. Bullish sentiment prevails, backed by favorable fundamentals and technicals, signaling potential gains across various sectors, particularly in infrastructure and manufacturing.
FPIs may cut bearish bets, releasing bulls on D-Street today
Foreign portfolio investors (FPIs) hold record bearish positions in index futures - mainly the Nifty - pegged at $2.8 billion, or ₹23,400 crore, in terms of contract value, according to Nuvama Research data.
Nifty option premium surges ahead of election results, use Iron Butterfly strategy: Anand James
With a surge in Nifty option premium for 6th June contract, a directional bet is fraught with high risk and therefore traders can deploy Iron Butterfly strategy, says Anand James, Chief Market Strategist, Geojit Financial Services.
Nifty May poll vault above 23,110 life-high
Nifty is expected to cross its current all-time high of 23,110 early this week driven by optimism around the exit polls that is hinting at the BJP-led NDAreturning to power with a strong majority. Analysts expect short covering if Nifty holds above the 21,821 zone. Bajaj Auto, Britannia, Coal India, HDFCBank, Union Bank, Fortis, Indus Towers, Dixon and BHEL are some of the stocks recommended by the analysts for short-term trading
BJP's alliance strategy: Where it is gaining and where it is not
The important takeaway is that the BJP could be emerging as a bigger national party by penetrating in pockets where it had little influence of its own. Going forward, it's possible that the BJP chooses to ally with many smaller parties instead of the big ones in states.
Congress does a U-turn on decision to boycott exit polls after discussion with INDIA bloc
The Congress announced it will participate in exit poll debates on TV, reversing its earlier decision to boycott them. Congress leader Pawan Khera stated that the INDIA parties aim to expose the BJP and its ecosystem. This change follows criticism from the BJP, which accused Congress of conceding the elections. Election results will be announced on June 4.
Indian equities traders seek cues from election shadow bets
Weeks before vote counting set for June 4, stock markets are closely tracking shadow-betting platforms that are flourishing nationwide, with wagers now suggesting the ruling Bharatiya Janata Party (BJP) will win a slimmer majority than expected.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Uttar Pradesh Lok Sabha Polls: If Congress battle cry is historical link, BJP bets on local factor in Raebareli
In his address here on Sunday, Union minister Amit Shah said if the essence of "400 paar" could be met with one seat, it was Raebareli. The remark underscores the perceptional value this seat carries in BJP's mission to trounce Congress, with Amethi already being vacated for a family 'representative' instead of a member.
Denied tickets, betting sites still vie for seats in poll arena
Offshore betting apps in India allow users to bet on elections using rupees. Criminals use mule accounts for money laundering, evading taxes. Gaming experts noted a smaller scale of betting in the 2019 general elections.
Shift some money from capital goods & PSU bank stocks to FMCG, IT; top 9 bets: Sanjiv Bhasin
Sanjiv Bhasin suggests focusing on Marico, Nestle, Hindustan Lever as top FMCG picks, adding Godrej Consumer. Largecap private banks like HDFC, ICICI, Kotak, Axis, IndusInd are recommended amidst various market dynamics and sector-specific opportunities. Bhasin says the wealth effect means real estate is the real play. Along with that, FMCG and IT will now be more defensive with pharma as a constituent for the index till the results.
Porbandar: In footsteps of Mahatma, Mandaviya bets on padyatras to draw people's support
Union Minister Mansukh Mandaviya is taking a leaf out of Mahatma Gandhi's book by making foot marches the centerpiece of his election campaign in Porbandar, Gujarat. Emulating Gandhi's padyatras, Mandaviya has eschewed lavish roadshows for door-to-door interactions, seeking support for himself and his party. This strategy, he believes, allows him to connect with voters more intimately while keeping campaign costs down. Mandaviya's approach has garnered him affection and support from locals, highlighting the effectiveness of grassroots campaigning in the ongoing Lok Sabha elections in Gujarat.
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