India Financial News

Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 mark. The bulls are in full control of the markets at the current juncture and are using every minor pullback to create long positions. Support for the Nifty is now seen at 23,200 and 22,950-23,000 levels. On the higher side, immediate resistance is at 23,350 levels and the next resistance is at the 23,500 mark, said Tejas Shah of JM Financial & BlinkX.

revised toll charges for motorists on national highways across the country have come to effect from Monday, an official said. The National Highways Authority of India (NHAI) has hiked the toll charges by an average of 5 per cent.

Krishana Phoschem Ltd.(up 7.29%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.07%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 4.62%), Chambal Fertilisers & Chemicals Ltd.(up 4.62%), The Fertilisers and Chemicals Travancore Ltd.(up 4.05%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.04%), National Fertilizers Ltd.(up 3.13%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.98%), Coromandel International Ltd.(up 2.60%) and Zuari Agro Chemicals Ltd.(up 2.53%) stood among the top gainers.

aviation ministry has set in motion the urban air mobility project with the setting up several technical committees to pave the way for India's first ait taxi to take-off by 2026, as was being planned for some time.

withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at bank branches was over.

Indian rupee rallied on Monday to log its best intraday performance since December 2023 after exit polls projected a third term for Indian Prime Minister Narendra Modi's party and alliance, boosting investor confidence. The rupee closed at 83.1425 against the U.S. dollar, up nearly 0.4% on the day, its best intraday percentage gain in more than five months.

CreditSights on Monday said it expects the credit metrics of Tata Steel to improve in the ongoing fiscal aided by factors like infrastructure-led domestic steel demand and lower coking coal prices. Tata Steel last week reported a 64.59 per cent decline in consolidated net profit at Rs 554.56 crore for the March quarter from Rs 1,566.24 crore in the year-ago period, mainly on account of lower realisations and expenses on certain exceptional items.

Exit polls suggest that the BJP may not achieve a clean sweep in Rajasthan's parliamentary elections, unlike in 2014 and 2019. This time, predictions indicate that five to seven seats might be won by the opposition INDIA bloc. The final results will be known on Tuesday, following the vote counting process.

Election Commission of India on Monday rejected Congress leader Jairam Ramesh's request for a one week extension of time to back his accusations against Amit Shah.

Business in India," Jonathan Hymer, the Minister Counsellor for Commercial Affairs at the United States Embassy in New Delhi, welcomed Alexander Slater, the Managing Director of the US India Business Council, to discuss the evolving business landscape in India post-pandemic.

Indian crypto market is brimming with potential, with several decentralised homegrown projects taking off and building impact. However, an ambiguity around regulations has got all private players in the Web3 space tiptoeing around real use cases. The adoption rate might be high as compared to many other countries but given the percentage of the cell phone ownership rate and internet penetration, it could be much higher with clear regulatory guidelines set by the government. Here's why bringing cryptocurrency under the purview of the Securities and Exchange Board of India (SEBI) could be a game-changer. SEBI's Proven Track Record

₹798 crore. Last quarter, it added three company owned, company operated (COCO) stores taking the total count to 1,329. It also closed some unprofitable or non-brand value-adding COCO outlets.

ALSO READ: CEC reacts to Congress' claim against Shah 'influencing' 150 ROs: 'Not right...'Sonia along with Rahul Gandhi paid floral tributes to former Tamil Nadu chief minister K Karunanidhi at the DMK office in New Delhi on Monday.The majority of the exit polls on Sunday predicted that the BJP-led NDA will win the Lok Sabha elections 2024. According to India Today-Axis My India exit polls, NDA is expected to win 361-401 Lok Sabha seats, while the INDIA bloc is expected to win 131-166 seats.The Republic PMarq exit poll predicted 359 of 543 seats for the NDA and 154 seats for the INDIA bloc.The NewsX Dynamics gave 371 seats to the NDA and 125 seats to the INDIA bloc.Earlier, Congress leader Jairam Ramesh termed the exit polls as a "Psychological game" and said that there will be a huge difference in exit polls and results on June 4.ALSO READ: Exit polls predict Modi 3.0: Sharekhan lists top stocks for short and long term“The outgoing PM, the person who will have to leave for sure on June 4 has conspired all these things and has managed the exit polls.

₹3,000 discount on the Narzo 70 Pro 5G smartphone during the Realme savings day sale on June 6. The smartphone can be bought at a discounted price of ₹16,999 on Amazon and Realme.com during the 12 hour sale period.Realme Narzo 70 Pro 5G was launched at a price ₹19,999 for the 8GB RAM/128GB storage variant and ₹21,999 for the 8GB RAM/256GB storage variant.

Mint website: In Indian real estate, senior living is still in the junior league. I read this article and quickly formed my opinion on this relatively untouched segment of the real-estate industry. While housing is being solved for by large players with deep pockets, there is an entire ecosystem of companies in the senior-living market.

Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsOsho Krishnan, a senior technical ad derivatives analyst at Angel One, pointed out that the exit poll outcome cheered market sentiments, skyrocketing key indices to their respective lifetime high levels. However, Implied volatility, a measure of market uncertainty, continues to hover at an elevated zone."Given the eventful week with the election outcome and RBI MPC result, it's best to take a cautious approach and maintain a practical view.

record-high temperatures. Sea surface temperatures have been record-high for the past 13 months, according to the WMO.The WMO said this is happening due to the naturally occurring El Niño — unusual warming of waters in the central and eastern Pacific Ocean — and the additional energy trapped in the atmosphere and ocean by greenhouse gases from human activities.Amid a prevailing but weakening El Niño, millions of people in South Asia, including India and Pakistan, endured brutal heat in April and May.The latest forecasts from the WMO Global Producing Centres of Long-Range Forecasts give equal chances (50 per cent) of either neutral conditions or a transition to La Niña during June-August.The chance of La Niña conditions increases to 60 per cent during July to September and 70 per cent during August to November.The probability of El Niño redeveloping is negligible during this time, the WMO said.While El Niño is associated with weaker monsoon winds and drier conditions in India, La Niña -- the antithesis of El Niño -- leads to plentiful rainfall during the monsoon.Last month, the India Meteorological Department had forecast above normal rain in the monsoon season in India with favourable La Niña conditions expected to set in by August-September.The monsoon is critical for India's agricultural landscape, with 52 per cent of the net cultivated area relying on it.

jatamansi (spikenard), kapur kachri (ginger lilly), khus (vetiver) and myrrh. “We use these in a modern way with distilling, infusing and clarifying techniques," he says, adding that now, bartenders also have several options in Indian spirits that help in ideating around newer aspects. At Soka, the Cheese Cherry Pineapple snack inspired a drink with the same name.

Kotak AMC CEO Nilesh Shah's suggestion of working 84 hours a week for nation-building, calling it “impractical and counterproductive". She highlighted research showing that excessive work hours reduce productivity and harm physical and mental health.

₹1.16 crore. However, the buyer proposed a tax-saving idea: make a separate agreement of ₹16 lakh for the furniture and fixtures. This strategy aimed to reduce the capital gains tax by declaring the property sale at ₹1 crore while selling the furniture separately and categorising them as personal effects, which are not taxable.

ALSO READ: Exit Polls 2024: Modi-led NDA poised for third term with 350-370 seats; what should investors do next?“There are allegations that ROs [Returning Officers] in large numbers were influenced. How can someone influence them all? Tell us who did this.