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An unpopular government with a reputation for constant infighting

Also Read- Lok Sabha Polls trading strategy: Nifty may hit 24,600 in a year, says Jitendra Gohil of Kotak Alternate Asset ManagersDownside risks include a slowdown in the global or domestic economy, potential conflicts, rising inflation eroding consumer spending and corporate profits, and election results that do not yield a majority or deviate significantly from expectations, which could destabilize markets.Q4 results have largely met expectations, with notable outperformance in the Auto, Energy, Realty, and PSU sectors, especially banks. Conversely, IT, Private Banks, FMCG, and Media have lagged due to inflationary pressures and reduced discretionary spending.

India Q4 GDP Data Live Updates: India's gross domestic product (GDP) for the January-March quarter of fiscal 2023-24 (Q4FY24) and the full year (FY24) will be released on Friday, May 31. The macroeconomic data will come only days ahead of the high-stakes Lok Sabha election results 2024, due on Tuesday, June 4.

Indian benchmark equity indices pared early gains and closed slightly higher on Friday, halting a 5-day losing streak amid caution ahead of the exit polls on Saturday and the Lok Sabha election results next week. The 30-share BSE benchmark Sensex rose 76 points or 0.10% to settle at 73,961. The broader NSE Nifty gained 42 points or 0.19% to end at 22,531.

Zentry, formerly known as GuildFi, has secured funding in a strategic round to build its Metagame Layer.

rupee appreciated 5 paise to 83.24 against the US dollar in early trade on Friday boosted by robust sentiment in domestic equity markets and a downward trend in the crude oil prices overseas. Forex traders said, however, strong American currency and unabated outflow of foreign capital weighed on the local unit. Also, they said market participants are expected to take cues from domestic macroeconomic data to be released later in the day.

President Joe Biden likes to call the United States “the indispensable nation.” By that he means that America is the only power simultaneously mighty and benevolent enough to preserve whatever is left of a liberal order — one in which rules and multilateral institutions govern, among other things, a system of relatively free international finance and trade. But what if the US itself, even under Biden, turns against the system it’s supposed to guard, becoming an agent of economic nationalism, international fragmentation and hostile bloc-building? Doubts to that effect have popped up throughout the Pax Americana, the long period of US leadership that followed World War II. What most frightened America’s friends abroad, though, was Donald Trump in the White House. His “America First” worldview was a throwback to a much earlier US stance of isolationism and nationalism.

InCred Wealth, emphasises the inevitable volatility around election results. He notes, "The market will be volatile, and we could see sharp moves on either side based on the election result outcome.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 31On Thursday, the Indian stock market benchmark indices suffered heavy selloff amid the monthly F&O expiry and ended nearly a percent lower each, extending losses for the fifth session in a row.The Sensex plunged 617.30 points, or 0.83%, to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.“Nervousness ahead of the exit poll and weak global cues continue to dent sentiments. Global markets remained under pressure due to rising bond yields and denting hopes of rate cut.

India will likely report economic growth of close to 8% in the fiscal year that ended in March, providing a boost to Prime Minister Narendra Modi’s government as elections come to a close. Official data due to be published Friday will probably show Asia’s third-largest economy grew 7% in the first three months of the year, taking growth for the financial year through March to 7.9%, according to a Bloomberg survey of economists. Catch it live here

dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. Official data showed overnight that the U.S. economy grew at an 1.3% annualised rate from January through March, down from the advance estimate of 1.6% after downward revisions to consumer spending.

U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors also digested data showing the economy had grown slower than previously expected in the first quarter. A separate report showed weekly jobless claims rose more than expected.

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

India exists at all. By some miracle of human ingenuity and industry, a land area barely bigger than Argentina with less water than Colombia is able to support nearly a fifth of the world’s population. The record-breaking temperatures above 52 degrees Celsius (125.6 degrees Fahrenheit) in the capital New Delhi this week are a warning sign, however. The magic spell that has sustained this achievement is coming close to breaking. That’s an issue not just for those sweltering on the streets of the world’s second-biggest city, but for the path to wealth that 1.4 billion people hope to follow. India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches. Even the fragile benefits that its citizens have managed to eke out of this unpromising soil might now be slipping further away, as climate change exposes its deep fragility and washes away the foundations of growth.

Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower

BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American

 Federal Reserve Bank of Atlanta President Raphael Bostic discusses the year-over-year rate of inflation on 'The Claman Countdown.'

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Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country

T20 World Cup. The former World Cup champion Ponting believes that Bumrah's sensational form in the recently concluded Indian Premier League (IPL) 2024 will make the India pacer frontrunner in the showpiece ICC event as the highest wicket-taker. In the IPL 2024, Bumrah took 20 wickets in 13 games, conceding runs at a miserly economy rate of 6.48 despite the large totals in the tournament.

Wall Street today: US stocks slide after revised Q1 economy dataAt 12:13 p.m. EDT, Salesforce shares were at $217.93, down 19.77 per cent.For the fiscal first quarter ending April 30, the company reported 11 per cent increase in revenue at $9.13 billion.Its adjusted profit, excluding some items, was 44 per cent higher at $2.44 per share.It expects second quarter revenue between $9.20 billion and $9.25 billion.ALSO READ: Salesforce Eyes Informatica to Boost Data CapabilitiesSan Francisco-based Salesforce kept its fiscal year 2025 revenue forecast unchanged.