Election Financial News

Also Read: Multibagger NBCC share price climbs over 8% after company bags new orders worth ₹491 croreIn the banking sector, Nifty PSU Bank index also jumped more than 3% led by Indian Overseas Bank, Union Bank of India, Central Bank of India, SBI, Punjab National Bank, among others surging 3-5%.PSU stocks gained as investor sentiment improved after clarity over political stability after Lok Sabha election results 2024. The National Democratic Alliance (NDA) leaders pledged support for the alliance to form a government for the third term.Public sector undertakings (PSUs) were among the biggest beneficiaries of the NDA government in the last 10 years.

BJP-led NDA government, saying, “not Modi 3.0, but Modi 1/3 government will be formed this time". In a post on X (formerly Twitter), Jairam Ramesh wrote, “It is being claimed repeatedly that now Modi 3.0 government will be formed. The truth is that this time Modi 1/3 government."Caretaker PM Narendra Modi will assume the Prime Minister's Office for the third term on June 8, following the Bharatiya Janata Party-led National Democratic Alliance (NDA) securing 293 seats in the Lok Sabha elections.Senior Congress leader Kapil Sibal took a jibe at Modi over his “God sent me" remark.

National Democratic Alliance(NDA) is all set to form its third consecutive government at the Centre under Prime Narendra Minister Modi. But the results of Lok Sabha Elections 2024 were not on expected lines, with the NDA numbers not crossing 300 seats and the BJP stopping at 240 seats, 32 short of the majority mark in the 543-member lower house.The results belied all exit poll numbers predicting a thumping win for the NDA. And the only prediction that turned out to be true about the saffron party's numbers was by Yogendra Yadav, the convenor of Bharat Jodo Abhiyan.Yadav, who prefers to be introduced as a political worker instead of a psephologist, had rightly predicted that the BJP would finish below 250 seats.

Nifty ended the day with a gain of 735.85 points or 3.36% at 22,620.35 level, led by strong buying activity across sectors but more prominent in banks and autos.

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.

F&O ban list: The National Stock Exchange (NSE) banned trading in one stock on Thursday, June 6, 2024, in the futures and options (F&O) segment because it exceeded 95% of the market-wide position limit (MWPL).However, the stock will be available for trading in the cash market. The NSE updates the list of securities in the F&O ban for trade every day.ALSO READ: 3 stocks that promoters bought during the market crash post election resultF&O ban list todayZee Entertainment Enterprises Limited (ZEEL) is the only stock on the NSE's June 6 F&O ban list.The National Stock Exchange (NSE) said the derivative contract in the mentioned securities has crossed 95% of the market-wide position limit and has been placed in the stock exchange's ban period.“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions.

NEW DELHI : The Narendra Modi government may rework its 100-day agenda to accommodate its partners' wishes, after failing to secure an outright majority in the just-concluded national elections. The Bharatiya Janata Party (BJP) may also have to incorporate policy prescriptions in state manifestos where it contested along with allies. The latest plan is to discuss the 100-day agenda with all coalition partners, said senior leaders of Telugu Desam Party (TDP) and Janata Dal (United), two key partners of the National Democratic Alliance (NDA) led by Modi.

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.

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%.

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.

Venue : Kensington Oval, Bridgetown, Barbados Australia squad - David Warner, Tim David, Travis Head, Cameron Green, Glenn Maxwell, Marcus Stoinis, Mitchell Marsh, Josh Inglis, Matthew Wade, Adam Zampa, Ashton Agar, Josh Hazlewood, Mitchell Starc, Nathan Ellis, Pat Cummins Oman squad - Kashyap Prajapati, Khalid Kail, Shoaib Khan, Aqib Ilyas, Ayaan Khan, Mohammad Nadeem, Zeeshan Maqsood, Naseem Khushi, Pratik Athavale, Bilal Khan, Fayyaz Butt, Kaleemullah, Mehran Khan, Rafiullah, Shakeel Ahmed Australia vs Oman Live Score: Oman won the toss and elected to field Australia vs Oman Match Details Match 10 of ICC Men's T20 World Cup, 2024 between Australia and Oman to be held at Kensington Oval, Bridgetown, Barbados at 06:00 AM.

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.

security. A hospital subsequently claimed their lives. Only a few hours had passed since Claudia Sheinbaum was voted Mexico's first female president. Several political candidates were slain by criminal groups during the election, which was marked by rampant violence against politicians.

Voters in the European Union are set to elect lawmakers starting Thursday for the bloc’s parliament, in a major democratic exercise that’s also likely to be overshadowed by online disinformation

The Amazon Labor Union, a grassroots labor group that won a major victory at an Amazon warehouse two years ago, has agreed to affiliate with the Teamsters union

U.N. Secretary-General António Guterres has called for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming

Since coming to power a decade ago, Prime Minister Narendra Modi has been known for big, bold and often snap decisions

OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit PokharnaKalantri further added, “Elections impact first appear in the currency market, consequently influencing the prices of commodities as a secondary outcome."On Wednesday, gold prices in New Delhi dipped by ₹80 to reach ₹72,820 per 10 grams on Wednesday, following the downward trend globally, as reported by HDFC Securities. In the previous session, the precious metal had closed at ₹72,900 per 10 grams.“Gold traded slightly weak today, hovering around ₹71,870 before the start of the evening session, within a minor range.

Odisha Elections 2024: Naveen Patnaik resigned as the Odisha Chief Minister on Wednesday. He tendered his resignation to Governor Raghubar Das at Raj Bhavan, Bhubaneswar. The development came a day after the Bharatiya Janata Party (BJP) ended Patnaik's 24-year rule in Odisha by winning 78 of the 147 seats in the assembly on Tuesday.

National Democratic Alliance (NDA) headed by the Bharatiya Janata Party (BJP) unanimously selected Narendra Modi as the grouping's leader, paving the way for his return as Prime Minister of India for a historic third term in a row.

Khalsa said, a day after the radical Sikh preacher won the Khadoor Sahib Lok Sabha constituency in Punjab. Khalsa along with Singh's wife Kirandeep Kaur on Wednesday met him at the Dibrugarh Central Jail where he has been lodged since April 2023.