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03.06 / 10:31
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Exit Poll Euphoria: Investor wealth catapults by Rs 14 lakh crore as Sensex, Nifty hit record highs on election result eve
Sensex closed at record highs, hitting over 23,250 and 76,400 mark, respectively, on Monday. This surge followed exit polls over the weekend projecting a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The 30-share BSE benchmark Sensex advanced 2,507 points or 3.4% to settle at 76,469. The broader NSE Nifty gained 733 points or 3.25% to end at 23,264.
03.06 / 10:31
UPS
FIVE
Trade
performer
Rupee logs best intraday rise in over five months
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.
03.06 / 10:31
03.06 / 10:17
UPS
Election
wellness
trends
Trade
General Elections 2024: RVNL, SBI, GAIL and more - Motilal Oswal lists 8 technical stock picks after exit polls
Let's take a look:SBI: The stock is in an overall uptrend and forming higher highs – and higher lows on a monthly scale. The stock has outperformed within the PSU space and is likely to scale new record highs.L&T: The stock has given a range breakout on the weekly chart and holding well above 50 DEMA.
03.06 / 09:19
markets
Citizens
Election
wellness
track
Gurgaon Lok Sabha Election Results 2024: Rao Inderjit Singh vs Raj Babbar, who will win the 'local versus outsider' battle?
Gurgaon Lok Sabha constituency in Haryana as the Congress nominated actor-turned-politician Raj Babbar from the seat against sitting MP Rao Inderjit Singh of the ruling BJP.
03.06 / 08:59
Reuters
Election
Death
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reports
Heatwave: 56 related deaths reported in India from March to May, 25,000 heat stroke cases
heatwave from March to May, Reuters reported, citing local media and government data.May was particularly harsh, with temperatures in Delhi and Rajasthan soaring to 50 degrees Celsius (122 degrees Fahrenheit).Meanwhile, parts of eastern India grappled with Cyclone Remal, and heavy rains in Assam claimed 14 lives since Tuesday.Also Read | Lok Sabha elections 2024: Postal ballots will be counted first, confirms ECI day after Oppn moves poll bodyOn Friday, at least 33 people, including election officials, died of suspected heatstroke in Uttar Pradesh, Bihar, and Odisha during India's general election.Data from the National Centre for Disease Control (NCDC) revealed that May was the worst month, with 46 heat-related deaths and 19,189 suspected heat stroke cases, as reported by The Print.Including suspected cases, the total death toll in India could be as high as 80, according to The Hindu. The central state of Madhya Pradesh alone recorded over 5,000 heat stroke cases.Also Read | Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyNotably, there is some relief in sight as the weather office has predicted less severe heatwave conditions until Wednesday.
03.06 / 08:40
markets
FIVE
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trends
Trade
Experts
Radhakishan Damani portfolio: Ace investor books profit in this multibagger Tata group stock
Radhakishan Damani portfolio: Trend share price has delivered stellar returns to its positional shareholders in recent years. The muiltibagger stock has risen around 190 percent in one year wheras it has delivered over 1000 percent return in the last five years. This Tata group stock has attracted investments from various institutional and ace investors.
03.06 / 08:40
Citi
Election
President
country
Updates
Mexico's Claudia Sheinbaum wins landslide to become first woman president | Top 5 updates
Mexico's first female president. She succeeded her mentor and outgoing leader, Andres Manuel Lopez Obrador, whose strong support among the impoverished contributed to her victory.Here are the top 5 updates:1. A climate scientist and former mayor of Mexico City, Sheinbaum, clinched the presidency with an estimated vote share ranging from 58.3% to 60.7%, per a swift sample count conducted by Mexico's electoral body.
03.06 / 08:40
markets
economy
Remark
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SBI market cap crosses ₹8 lakh crore as stock spikes over 9% to new record high on exit poll predictions of NDA win
State Bank of India (SBI), the nation's largest public sector bank, rose 9.8% to reach an all-time high of ₹911.30 apiece in today's intraday session. This pushed the bank's market capitalisation beyond ₹8 lakh crore for the first time, making it the first PSU company to achieve this milestone.SBI has now entered the ₹8 lakh crore market capital club, becoming the fourth listed company to achieve this milestone.
03.06 / 07:51
markets
Rate Cut
European Central Bank rate cut 'now imminent' despite Eurozone inflation rise
This marks a 0.2 percentage point rise from April's rate of 2.4%, with the services sector most responsible for this rise. Despite this increase, analysts have echoed reassurance that the European Central Bank will still be able to cut rates. «Today's data does not disturb the narrative that, broadly, disinflation remains on track,» said Natasha May, global markets analyst at J.P. Morgan Asset Management. Record low unemployment rate spells quiet optimism across the Eurozone «The ECB has its scissors at the ready after today's inflation release,» she added, with a rate cut from th...
03.06 / 07:29
UPS
CEO
security
Election
information
Lok Sabha Election Result 2024: From Jammu & Kashmir to Mizoram and Andhra Pradesh, here's how India braces for June 4
PTI on Monday that over 2,000 personnel would be deployed in the north-eastern state of Mizoram to proceed with the vote-counting process for the state's lone Lok Sabha seat.“A three-tier security arrangement has been made in all the 13 counting centres across the state," Chief Electoral Officer (CEO) Madhup Vyas said. In the state capital, Aizawl, there would be three counting centres and one in each of the other district headquarters.There will be 40 counting halls equipped with 379 tables.
03.06 / 07:29
03.06 / 07:29
03.06 / 06:31
Provident
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Bill
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Profiles
How to get a credit card without income proof
A salary is typically regarded as the primary criterion for eligibility as banks and financial institutions typically prioritise income stability when evaluating credit card applications. This requirement of a regular income may deter many individuals such as freelancers, students, homemakers, or retirees from accessing credit card facilities. Yet, various methods and tailored solutions have now emerged to address this disparity in eligibility criteria.
03.06 / 06:31
markets
Citi
security
economy
Sustainability
Remark
Why is residential real estate one of the safest investment options in India?
As we navigate through the recent times, the Indian residential real estate market is emerging as a beacon of security for investors, making the housing market shine for those seeking stability and growth. The Indian real estate market witnessed an unprecedented surge in 2023, surpassing all expectations and setting new records. Buyers are now placing a greater emphasis on owning a home rather than opting for rental arrangements.
03.06 / 06:31
markets
Maxim
security
Strategy
Diversity
track
Unlocking Success in Real Estate Investment: Key factors to consider
Real estate investment remains a cornerstone of wealth building for individuals worldwide, offering diverse opportunities for financial growth and stability. However, navigating the complexities of the real estate market requires a strategic approach and a keen understanding of several key factors.
03.06 / 06:31
markets
security
Strategy
Sustainability
recommendations
Interviews
Increase SIP amounts by 8-12% every year: PPFAS Mutual Fund CIO Rajeev Thakkar
Inflows to systematic investment plans (SIPs) touched a record high of Rs 20,371 crore in April, the tenth consecutive month where inflows surpassed Rs 15,000 crore, reflecting sustained investors’ interest. Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund, in an interview to Saikat Neogi, says retail investors should increase the SIP amounts over years in line with inflation and higher income.
03.06 / 06:31
UPS
Election
Death
country
reports
Heatwave Alert: India reports 56 deaths amid scorching temperatures, 25,000 heat stroke cases
India recorded nearly 25,000 cases of suspected heat stroke and 56 fatalities due to multiple heatwave days across the country from March to May, according to government data. The month of May has been particularly harsh for the region, with temperatures in the capital Delhi and the nearby state of Rajasthan reaching up to 50 degrees Celsius (122 degrees Fahrenheit).
03.06 / 06:31
Provident
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Strategy
Discover
information
Income Tax Return: How to get maximum tax refunds on filing ITR | Check out these 5 ways!
Income tax return filing FY 2023-24: The deadline to file ITR for AY 2024-25 is July 31, 2024. Salaried individuals are waiting for their employers to issue Form 16, in a week or two. Once they receive Form 16, they will be in a position to file income tax returns easily. However, this document is not necessary to file an ITR if a taxpayer uses other documents like Form 26AS, Annual Information Statement (AIS) / Tax Information Summary (TIS), capital gains details, bank statements, home loan statement and interest certificates from banks.
03.06 / 06:11
Election
Trade
country
Lok Sabha elections 2024 vote counting tomorrow: How to check in constituency-wise results?
land slide victory for Narendra Modi-led National Democratic Alliance (NDA). Another victory would cement Modi as one of the country's most popular and important leaders.
03.06 / 05:49
markets
Waves
security
Remark
Election
performer
Nifty PSU Bank soars on Modi wave, hits historic high with over 5% surge as exit polls hint at decisive victory
Bank of Baroda leading the charge with a notable gain of 7%, followed closely by Bank of India with a rally of 4.7% and SBI with a solid 5% increase. Also Read: Indian Stock Market: Exit polls sentimental positive for capex stocks: JefferiesAdditionally, stocks such as Canara Bank, Indian Bank, Punjab National Bank, UCO Bank, Punjab & Sind Bank, Union Bank of India, Indian Overseas Bank, Bank of Maharashtra, and Central Bank of India all posted gains ranging between 3% and 4.9%.The majority of exit polls indicated that the BJP-led NDA alliance will comfortably secure between 350 and 390 seats of the 543 seats in the Lok Sabha, the lower house of India’s Parliament.A party or coalition needs 272 seats in parliament to form a government.
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