India Financial News

equity indices, Nifty50 and Sensex, opened higher for the second consecutive day on Thursday, led by banking stocks, as Narendra Modi is set to return to power for a third term after two key allies pledged their support to form a new government. The BSE Sensex was trading 403 points, or 0.55%, higher at 74,785. Meanwhile, the Nifty50 was up 112 points, or 0.5%, trading at 22,732 around 9:18 am.

Blue Star. Posters of Jarnail Singh Bhindranwale were also seen during the demonstration.Indian Army's Operation Blue Star began on June 1, 1984. The operation was carried out to remove Jarnail Singh Bhindranwale, who had taken shelter in the Harmandir Sahib Complex (Golden Temple) in Amritsar, Punjab.

India’s stock market bared a case of frayed nerves on Tuesday, with election results denying any single party a majority in Parliament and necessitating coalition rule. People worry that coalitions crimp governance, given how conflict and compromise could arise from bargaining by and accommodation of diverse partners and interests. Such worries are exaggerated.

Stocks to buy or sell: Following a significant downturn on Tuesday due to the Lok Sabha Election results, the Indian stock market showed signs of recovery on Wednesday. The Nifty 50 index surged by 735 points, closing at 22,620, while the BSE Sensex skyrocketed by 1303 points, concluding at 74,382.

Force Motors: The company reported a 13.38% increase in domestic sales in May, selling 2,412 units. However, exports fell by 63.34 percent to 180 units.TCNS Clothing: Shareholders have overwhelmingly voted in favor of the amalgamation of TCNS Clothing and Aditya Birla Fashion and Retail Limited, with 99.9% in favor.Torrent Pharmaceuticals: The company has signed a non-exclusive patent licensing agreement with Takeda Pharmaceuticals to commercialize Vonoprazan, a novel potassium-competitive acid blocker (P-CAB) used for treating gastroesophageal reflux disease (GERD), in India.

Spurned by Schengen, Indians are being swayed this summer by the lure of liberal visas However, interest in travel is flourishing in other regions, leading to a shift in the balance of outbound travel, according to a report by McKinsey & Co titled 'The state of tourism and hospitality 2024'. The report said new groups of travellers are emerging in Eastern Europe, India and Southeast Asia, which have fast-growing pools of first-time tourists. Notably, around 27 million Indians travelled abroad in 2019, before the pandemic.

NEW DELHI : Maruti Suzuki may consolidate its entry-level small car lineup in the next three to four years, as India’s largest carmaker reworks strategy for what was once its bread-and-butter business. According to two people aware of the plans, the company may also cap investments in the mid-size sedan segment, where it sells the Ciaz. The company that built its business on small cars has made a big splash in the SUV segment in recent years, launching models such as Grand Vitara, the new Brezza and Fronx.

NSE) has restricted trading of Zee Entertainment Enterprises Limited (ZEEL) in the futures and options (F&O) segment on Thursday, June 6, 2024, due to exceeding 95% of the market-wide position limit (MWPL). However, ZEEL will remain available to trade in the cash market. The NSE updates the F&O ban list daily, and ZEEL is the only stock affected today.Vivo is set to unveil its first foldable smartphone in India, the Vivo X Fold 3 Pro, at an event today, June 6.

Buy or sell stocks for today: The Indian stock market erased some of the previous day losses and ended higher after the NDA allies pledged support for the alliance to form a government for the third term. The Nifty 50 index gained 735 points and closed at 22,620, whereas the BSE Sensex shot up 1303 points and finished at 74,382.

The heatwave across India has hurt economic activity, with its level in both the manufacturing and service sectors recording a slowdown. According to survey results released on Thursday, the HSBC India services purchasing managers’ index (PMI) compiled by S&P Global dipped to 60.2 last month from 60.8 in April.

Stock market today: The Indian stock market rebounded significantly, erasing the previous day's losses and closing higher. The Nifty 50 index surged by 735 points to close at 22,620, while the BSE Sensex skyrocketed by 1303 points to finish at 74,382.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6“We expect the market to remain obsessed with government formation exercises, with a keen eye on key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways. With election overhang done, we expect the focus to revert to fundamentals," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key domestic and global market cues for Sensex today:Asian markets traded higher tracking overnight rally on Wall Street amid increased interest rate cut hopes.Japan’s Nikkei 225 surged 1.12%, while the Topix rose 0.65%.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Nifty 50 formed a long bull candle on the daily chart with lower shadow on Wednesday, beside the long bear candle of Tuesday.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Private Payrolls to Nvidia shares“Technically, this pattern indicates bullish inside day type pattern formation. This market action signals a counter attack of bulls after one day of weakness in the market.

NEW DELHI : Satellite communications, or satcom-based internet connectivity, may come to you later than expected. Industry stakeholders and close watchers said while satcom service providers are ready to launch their own services in India, multiple regulatory roadblocks and subsequent testing are almost certain to delay the launch of satellite internet beyond the end of this year—and could even stall its rollout until the end of next year.

NEW DELHI : Privatization may take the backseat in the coming coalition government as a reduced majority forces the pro-reform Bharatiya Janata Party (BJP) to work alongside allies with different priorities, officials and experts said. Strategic sales already in advanced stages like IDBI Bank, Shipping Corp. of India and BEML may take off in the second half of FY25, but other transactions and fresh disinvestments may not be as lucky, they said.

Ensuring financial independence and security in the later years of life is a cornerstone of financial planning.

Will Smith and Martin Lawrence, returns. The adventures of Mike Lowrey and Marcus Burnett continue four years after the triumphant relaunch of the Michael Bay film series, as per a screenrant report.

The Last of Us" season 2 is likely to be released in 2025 and it is set to have seven episodes. One of the episodes will be lengthy, as per a report on Deadline.

Weird things keep happening on Singapore beaches these days and the recent incident is a testimony to the same. A man named Dennis Chan found a creature with a buried face in the sand within shallow seawater, with its strange eyes toward the sky.

anime! Though 2024 is already halfway over, Netflix is gearing up for an exciting remaining 2024 with a lineup of new titles. There are lots of shows to look forward to.

Mint explains why. The Indian stock markets was counting on a 350-plus seat victory for the BJP and 400 for the NDA. But, unlike in the earlier two Lok Sabha polls, the BJP failed to get even a simple majority of 272 seats, and the NDA won only 291 seats.