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Stock market today: The frontline indices surged during early morning deals in response to the Lok Sabha Election 2024 results. Most of the Exit Polls predicted a third term for the Narendra Modi government, which ended on Saturday last week.

Adani Power rallied as much as 17.7 percent to its 52-week high of ₹890.40. Adani Green Energy soared 13.5 percent to its year-high of ₹2173.65.

Indian government bond yields are expected to open with a gap down on Monday, with investor sentiment likely boosted after exit polls over the weekend signaled that Prime Minister Narendra Modi's government will secure a third term. India's benchmark 10-year yield is likely to move in a 6.94%-7.00% range, following its previous close of 6.9809%, a trader with a state-run bank said.

AJIT MISHRA SVP-RESEARCH, RELIGARE BROKING Where is Nifty headed this week? Nifty faced pressure after two weeks of gains, losing nearly 2% amid mixed signals. Currently, Nifty is trading at the lower band of a rising channel around the 22,400 level, and a decisive break here could lead to a further decline, potentially retesting the 21,800-22,000 support zone. In case of a recovery, the 22,900- 23,400 zone would be challenging to surpass. What should investors do? With the election results in focus, we expect continued high volatility. The sector outlook is mixed, with fresh declines in the IT and FMCG sectors reducing hopes for support. Although broader indices remain near their record highs, market breadth has deteriorated, indicating selective participation. In this scenario, we recommend closely monitoring leveraged positions and waiting for more clarity. For short-term trades, traders can consider bullish bets in Bajaj Auto, Britannia, Coal India, Coromandel, Gujarat Gas, HDFC Bank, Torrent Pharma. Bearish on Apollo Tyres, Bajaj Finance, Berger Paints, PVR Inox, Titan, and UPL.

Assam remained grim, with three additional fatalities reported and new areas being inundated.Although there was a slight decrease in the number of affected people, the situation persisted as a significant concern, PTI reported.“Rivers remained in spate, while affected people took shelter in relief camps in different areas," it said.According to a bulletin from the Assam State Disaster Management Authority (ASDMA), 535,246 individuals across 13 districts remained affected by the flood.Also Read: Manipur floods: Houses and vehicles submerged amid heavy rains; PM Modi, Amit Shah take stock of situationThis number represents a decrease from the 601,642 affected individuals across 10 districts reported on Saturday.Tragically, the flood and storm-related fatalities since May 28 have now reached 18, with two deaths reported in Cachar and one in Nagaon.“Three major rivers – Kopili, Barak and Kushiyara – continued to flow above the danger level," the ASDMA bulletin said.Also Read: Monsoon Tracker: Wet spell in Delhi, Bengaluru, Mumbai, Kolkata and Chennai? IMD's full weather forecast hereNagaon emerged as the worst-hit district, with 303,567 people still affected, followed by Cachar with 109,798 and Hojai with 86,382 affected individuals.The situation prompted the establishment of 193 relief camps across various districts, accommodating over 39,000 displaced individuals. Additionally, 82 relief distribution centers were actively providing assistance.Also Read: Weather today: IMD issues orange alert for heavy rains in 6 states; warns of heatwave in Haryana and PunjabMultiple agencies, including the NDRF, SDRF, and local administration, were engaged in rescue and relief operations.

Indian shares are set to open higher on Monday with analysts expecting gains in infrastructure, capital goods and manufacturing stocks, after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government. The Gift Nifty was trading at 23,353 points as of 7:05 a.m. IST, indicating that the Nifty 50 will open higher than its Friday's close of 22,530.70.

Buy or sell stocks for today: After the end of Lok Sabha Election 2024 on Saturday last week, and the majority of the Exit Polls predicting the third term for the Narendra Modi government in New Delhi, the Indian stock market is expected to extend to remain volatile on the penultimate day of the Lok Sabha Election results date. On Friday last week, frontline indices of the Indian stock market ended marginally higher after erasing most of its early morning losses.

Dividend stocks: Shares of Anand Rathi Wealth Ltd, D B Corp Ltd, Rallis India Ltd, and Sundram Fasteners Ltd will be in focus when the stock market opens on June 03 (Monday).The Board of Directors of the four companies had declared interim dividend and final dividend for their eligible shareholders.These companies had fixed June 03 as the record date to ascertain the eligibility of shareholders for their respective issues.ALSO READ: Dharmesh Shah recommends these two stocks to buy on MondayShares of Anand Rathi Wealth Ltd, D B Corp Ltd, Rallis India Ltd, and Sundram Fasteners Ltd will trade ex-dividend on Monday.Anand Rathi Wealth: The company had declared a final dividend of ₹9.00 per equity share.In a stock exchange filing, Anand Rathi Wealth said the Board of Directors approved “Final Dividend of 180% (i.e. Rs.

NEW DELHI : Car dispatches to dealers rose moderately in May, as India's automobile market enters a period of seasonally slow sales. During the month, wholesale shipments grew a modest 4.4% to cross 350,000 from a year earlier, data released by manufacturers showed. As intense heat waves in May kept potential buyers at home and the nation got busy with the general election, retail sales fell from April, but were flat from a year earlier.

Real Madrid can crow about. The club’s 15th Champions League is the first they have won at Wembley.

India vs Pakistan matches are games of emotions, and whichever team wins will go crazy with emotions. "Well, it's a game of emotion. If we win, we'll go crazy.

Police station. Both parties denied making any complaints," Mumbai Police said.

Also Read: Mint Primer | Into the 50s: Why heatwaves are hotter & longerDelhi’s Mungeshpur automatic weather station on 29 May recorded a temperature of 52.9°C and on 31 May Nagpur recorded 56°C, both highest in the country for the respective days and the highest temperatures recorded in India ever. The IMD, however, attributed both incidents to likely sensor errors in extreme heat conditions.However, the heat is so intense that forest fire incidents have been reported in Gurugram's Aravali and in Jammu.

ALSO READ: India's forex reserves jump for third week to hit fresh record high of $648.7 bnIndia’s forex reserves’ last all-time high was in October 2021.During the reporting week ended May 24, the foreign currency assets (FCA), the biggest component of the forex reserves, in the country fell by USD 1.510 billion to USD 567.499 billion, showed the RBI data.Gold reserves stood at USD 56.713 billion, down by by USD 482 million. So far this year, the forex reserves have grown about USD 28 billion on a cumulative basis.As per a RBI report, the foreign exchange reserves are sufficient to cover around 11 months of projected imports of the country.In 2023, the central bank had added about USD 58 billion to its foreign exchange kitty.

ALSO READ: Pune Porsche crash: I was drunk so…, What teen revealed during police interrogationsPolice had requested Shivani's seven-day custody, stating they wanted to cross-examine the doctors with the parents and also collect CCTV footage, reported News18.Kumar added Shivani feigned ignorance on why the doctors at Sassoon Hospital asked her to give her blood as a sample instead of her son's.“We have recorded the statement of the woman (49). She told us that the doctors of the hospital had told her to give her blood as sample instead of her son’s.

₹38,353 crore.Currently, Titan operates 464 Tanishq stores across 270 towns. In the past three years, it has added 110 new Tanishq and 140 Mia stores.

Tata Steel's operations in the UK, which are in a transition phase, is “inevitable", the company's CEO T V Narendran said.As reported by PTI, concerns about potential job losses have led to criticism from workers' unions, prompting ongoing protests against Tata Steel in the UK. Tata Steel, an India-based company, operates the largest steelworks in the UK, with a capacity of 3 million tonnes per annum, located in Port Talbot, South Wales.The company employs approximately 8,000 people across its operations in the country.

Foreign investors pulled out a massive Rs 25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets. This was way higher than a net outflow of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed.

Also Read: Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsHe will hold the first meeting to review post cyclone situation, especially in the states of northeast.After that, Modi will hold a meeting to review the heatwave situation in the country.The Prime Minister will also hold a meeting to review the preparations to celebrate World Environment Day, which falls on June 5, at a large scaleLater in the day, Modi will review the agenda for 100 day program.Also Read: 'Tough decisions will be made in Modi 3.0': What PM told top bureaucracy before election campaignPrime Minister set in motion the exercise to prepare the 100-day agenda for the new government, even before starting his campaign for Lok Sabha elections.According to reports, Modi has already told top bureaucrats that tough decision will be taken in the historic third term of his government.After exit polls predicted clear sweep for NDA, Narendra Modi complimented party workers for their work and meticulously explaining development agenda to the people.“I can say with confidence that the people of India have voted in record numbers to reelect the NDA government," Modi said in a post on X.Also Read: Exit Poll 2024: ‘Will shave my head if Modi…,’ AAP's Somnath Bharti dismisses results claiming landslide BJP victoryThe Lok Sabha poll results will be announced on Tuesday.After the end of campaigning for the last phase of Lok Sabha elections, Modi went for 45-hour-long meditation at the Vivekananda Rock Memorial in Kanyakumari.“My meditation at this ‘Shila Smarak’ is one of the unforgettable moments of my life.

Keir Starmer has announced plans to ban employers who break employment law from hiring workers from abroad, in an attempt to shrink net migration numbers. The Labour leader is hoping to turn public attention away from his party’s infighting and back onto the record of the Conservative government. Britain has seen two years of record-high immigration, a sore political point for the ruling Conservative party who pledged to clamp down on the issue in the 2019 election.

Delhi High Court recently took judicial notice of the highest temperature of 52.3 degrees Celsius ever recorded in Delhi. It warned, «It is not far to see the day when this city may be only a barren dessert if the present generation continues an apathetic view on the deforestation.»