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How the Maharashtra elections could influence the Indian stock market?

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The summary clearly analyzes how the Maharashtra elections could influence the Indian stock market. It touches on crucial points: Policy Continuity vs. Uncertainty : Markets favor predictability. A BJP-led victory will likely ensure ongoing policies focused on infrastructure, which investors see positively. Conversely, shifting to Congress-led governance might introduce temporary uncertainty as markets evaluate potential policy changes. Sectoral Shifts : Maharashtra's economic importance means election outcomes could directly impact key sectors. For instance, infrastructure and real estate might react based on government priorities and policy directions. FPI Activity and Market Trends : The pullback by FPIs in recent months highlights global factors, but local political clarity—especially favoring business-friendly governance—could help stabilize market sentiment. Broader global market trends remain critical in shaping overall movements. ALSO READ,  Benefits of Tax plan...
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LIFE UNDER LOCKDOWN, Day 65: CORONAVIRUS UPDATES

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Track this space for latest updates...



COUNT SO FAR

  • Mumbai adds 1,044 cases, total cases at 33,835
  • Chandigarh reports 6 new cases, total at 288
  • Odisha reports 67 cases, total number at 1,660
  • Rajasthan reports 131 cases, total at 7947
  • Andhra Pradesh reports 54 cases, total at 2841
  • Karnataka reports 75 cases, total at 2493
  • Himachal Pradesh reports 3 cases, total at 276
  • 131 more from Maharashtra Police test positive
  • Number of infected AIIMS staff reaches 195
  • Uttarakhand reports 24 cases, total at 493
  • Indore reports 78 new cases
  • Manipur reports 7 new cases


(Source: ECONOMIC TIMES)
WorldIndia
TallyTollTallyToll
5,690,182355,575158,3334,531

 LIFE UNDER LOCKDOWN

  • Domestic travel resumes in West Bengal
  • 14-day quarantine must for foreign returnees in Haryana
  • NDMC headquarters sealed after employee tests positive
  • SC lays down rules for State and Centre for migrant workers
  • Marquee brands look at moving back to streets from malls
  • Agritech startups help crumbling farming community
  • Rs 2,000 fine for home quarantine violation in MP


BUSINESS AND ECONOMY

  • Google looks at Vodafone Idea stake as part of India plan
  • Govt to release GDP data tomorrow
  • Arr India joint forum seeks a Rs 50,000 cr succour from the govt
  • Government seeks USD 520 million from Cairn Oil & Gas
  • KIA to invest another $54 million in Andhra Pradesh
  • Indian economy to contract 5% in FY21, says S&P
  • Loss of revenue tops hurdle list: Leading corporates
  • Amazon India pushes private labels to increase profits
  • RBI stops 7.75% savings bonds
GLOBAL ECONOMY

  • Boeing cuts 12,000 jobs
  • Nissan plans to close Barcelona factories, to cut 3,000 jobs
  • TikTok’s parent ByteDance generates more than $3 bn of net profit
  • SoftBank’s Vision Fund is planning to cut 10% of staff
  • UK furlough scheme now covers 8.4 million workers
  • 10 years of depression and debt ahead: Economist Nouriel Roubini
  • Global jobs slump is bottoming out: LinkedIn


















AROUND THE WORLD

  • Brazil's death toll crosses 25,000
  • Las Vegas casinos to reopen next week
  • South Korea reports 79 new cases
  • America crosses 1,00,000 deaths
  • China reports 23 new cases
  • Covid may never go away even with a vaccine, shows report
  • Pakistan uses militant-tracking tech to hunt virus
  • Researchers discuss 'immunity passports'
  • Pandemic may push 86 mn more children into poverty by year end: Report
  • Nepal case tally crosses 1,000


There is a paradox seemingly rooted in inequality when it comes to the country's job crisis post-COVID-19. According to CMIE, some 122 million Indians were forced out of jobs last month. These include hawkers, roadside vendors, and construction workers

While white-collar workers have lost jobs too, the fact remains that COVID-19 will push a number of Indians into crippling poverty. It's all a mess but the GDP numbers which come out tomorrow should give us a clearer picture.

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