Exit polls is a loss-making business and the only profit a pollster earns is visibility, Axis My India chief Pradeep Gupta has said. Gupta was considered to be the poster boy of exit polls till June 4, when the Lok Sabha poll results dealt a hammer blow to the reputation of pollsters after their predictions proved to be wide off the mark. "Exit polls are a loss-making venture because no media house will pay as much money as that invested on the ground ... the only profit that we make in exit polls is that we get visibility which we do not get while doing market research for corporate clients," he said. In an interaction with PTI editors at the agency's headquarters, Gupta said 70 per cent of his clientele is corporate clients and that is where the main revenue comes from. Gupta said, "Besides the other investments we make on ground ... every surveyor gets Rs 500 for a hitting the bull's eye (for an accurate prediction) and we covered 3,605 assembly constituencies (in this election)
On June 4 counting took place and the share market crashed, resulting in a massive loss of Rs 31 lakh crore for common investors, said advocate BL Jain who filed the plea
Prior to the exit polls, Modi and Home Minister Amit Shah had predicted rallies in the stock market, with the prime minister saying it would hit record highs on the day of election results
This week we tell you about the changes in health insurance subscription and the health benefits of pricey fruits
Lok Sabha elections 2024: Bharatiya Janata Party (BJP) poised to win 239, NDA 290, while INDIA bloc leads in 235 seats, others in 18
As financial markets went for a tumble on Tuesday after the trends of the Lok Sabha poll results showed that the BJP was not getting a majority on its own, the Congress said the markets were given an artificial booster dose by the exit polls and have now turned turbulent. The Congress also recalled the words of former prime minister Manmohan Singh in 2004 to say that the party is committed to an orderly and healthy development of the financial markets that reflect the fundamentals of the economy. Congress general secretary Jairam Ramesh said the party-led United Progressive Alliance (UPA) government provided a fear-free and intimidation-free 10-year period (2004-14) for the private sector that helped the country achieve its highest GDP growth. "Financial markets that were given an artificial booster dose by the exit polls are turbulent today. In this context, it is wise to recall the words of Dr Manmohan Singh on May 17th 2004, the last occasion on which the markets were faced with
According to Election Commission rules, exit poll data will start coming only after 6:30 pm onwards
Anand Rathi recommends that investors could invest in these ideas in a staggered manner for long term wealth creation.
Favorable conditions like the RBI's dividend payment and likely reduced borrowing suggest lower market rates, benefiting Real Estate, Banks, and Autos.
Lok Sabha elections 2024: Thiruvananthapuram has been a stronghold of the Congress and Communist Party of India (CPI)
If you give me 100 rupees today, I'll invest approximately 50 percent of the money in large caps Optimistic about Nifty reaching 50,000? This mutual fund strategy prioritizes undervalued large caps
Twelve prominent exit polls had predicted a clean sweep for the BJP, with a few predicting 400 seats forNDA, while most predicted over 350 seats. Trends at 9:40 am diverged from these predictions
Samajwadi Party chief Akhilesh Yadav on Monday night alleged that in many districts of Uttar Pradesh, the district magistrate and the police administration are "illegally" putting workers of opposition parties under house arrest so that they cannot participate in the counting of votes. Such incidents should be stopped immediately and the "detained" people should be released immediately, Yadav, who is contesting from Kannauj, said in a post on X in Hindi. "Honourable Supreme Court, @ECISVEEP (Election Commission of India), @CEOUP (Chief Electoral Officer, Uttar Pradesh), Police Chief @dgpup @Uppolice should immediately take cognisance of the fact that in many districts of Uttar Pradesh, apart from Mirzapur, Aligarh, Kannauj, the district magistrate and the police administration are illegally putting the political workers of the opposition under house arrest ('nazarbandh'), so that they cannot participate in the counting of votes tomorrow," he said. "When all political parties are ...
There were 465 deals this year, compared to 758 reported in the same period last year
On the technical front, too, analysts remain bullish on the markets and suggest the Sensex is set to reach higher levels in the months ahead.
Reaches pre-Hindenburg level but still 15% below all-time highs
General Elections 2024 Live: Catch all the latest news updates on the Lok Sabha polls here
Stock Market Live on June 03: In the broader markets, Nifty SmallCap rose 2 per cent while MidCap jumped 3 per cent
Exit polls for the 2024 Lok Sabha elections project a big victory for the BJP-led NDA. BJP leaders welcomed the predictions, while Opposition dismissed them as a 'psychological and corporate game'
According to analysts, the BJP's manifesto mentioned affordable housing as one of the key focus areas, among others, which could keep real estate players in the pink of their health