Election Financial News

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.

«The recent pressure on the benchmark indices this week isn't primarily due to concerns about the election results. There's a broad consensus that the BJP will secure a simple majority. The debate is more about the exact number of seats,» says Harsh Gupta Madhusudan, NSE International Exchange. First of all, how are you viewing the election outcome? What are your predictions or analysis on this? There is some pressure on the benchmark indices and broader markets ahead of the election. Could this pressure intensify post-earnings given the lack of support from FIIs? What are your expectations from the election outcome? The recent pressure on the benchmark indices this week isn't primarily due to concerns about the election results. There's a broad consensus that the BJP will secure a simple majority. The debate is more about the exact number of seats. The final outcome will be known on June 4th. The recent market dip is more related to broader Asia selling off as US yields hit 4.6% on the 10-year, and the dollar index reached 105, although it moderated slightly when the US first quarter GDP annualized came in at 1.3% instead of 1.6%. This was more about US macroeconomic factors driving an Asia equity selloff rather than concerns about the Indian election results, as seen in the Nifty and Sensex over the past few days.

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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.

₹21.97 lakh and opens on Monday, June 3. The contractor will be given five days to complete the order.

NEW DELHI : The politically sensitive matter of minimum support price (MSP) for crops in the coming sowing season will get top billing in the new government’s agenda when it takes charge, two people aware of the development said. “The MSP for kharif crops will be the first important decision that the next government will take in its cabinet meeting," the first person said. Kharif crops, or monsoon crops, are sown in June-July and harvested in October, barring Tur (arhar), a long-duration crop that is harvested in December-January.

Sensex rose 75.71 points to end at 73,961.31, while the Nifty 50 settled 42.05 points, or 0.19%, higher at 22,530.70.Nifty 50 formed a long-legged doji on the daily chart and breached the 5-day losing streak. Also Read: Indian stock market: 10 things that changed for market over weekend - Gift Nifty, Exit Polls 2024, GDP to US inflation“With the Nifty bouncing back from close to the 50-day SMA, this opens the possibility of a further bounce back in the coming sessions.

Bharatiya Janata Party (BJP) leaders rejoiced at the exit poll results predicted a landslide victory for the National Democratic Alliance, the opposition INDIA bloc leaders rubbished the outcomes saying that they will be forming the government at the Centre winning at least 295 seats.

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.

National Democratic Alliance (NDA) in the Lok Sabha elections, Bharatiya Kisan Union (BKU) spokesperson Rakesh Tikait took a dig at the Bharatiya Janata Party (BJP) government saying that these exit polls are not going to counter the «king» who is an «astrologer» as well as a «dictator.»

₹6,600 crore was better than expected, albeit lower year-on-year (y-o-y) by 8.6%, mainly due to the partial shutdown of its Netherlands facilities. Notably, losses from European operations declined sequentially. Still, the shares have been down 4% over the past two trading sessions since the results.

earthquake hitting Ishikawa Prefecture, with authorities confirming no tsunami risk, NHK reported.The quake occurred at approximately 6:31 am on Monday, with its epicentre estimated to be 10 kilometres deep.Also Read | Rupert Murdoch marries for fifth time, 93-year-old media mogul ties knot with 63-year-old Elena ZhukovaWajima and Suzu cities in Ishikawa Prefecture experienced tremors at an intensity of upper 5 on Japan's seismic scale.Additionally, Noto town felt tremors at an intensity of lower than 5, while Nanao city and Anamizu town, along with some areas in Niigata Prefecture, registered an intensity of 4.Also Read | Election Commission orders repolling at Barasat, Mathurapur in West Bengal on June 3Following the earthquake, East Japan Railway temporarily suspended Hokuriku Shinkansen and Joetsu Shinkansen bullet train services due to a power outage. Service resumed at 6:50 am, NHK reported.

Read here: Week Ahead: Exit polls, Lok Sabha election results, RBI Policy, auto sales, among key market triggers this weekOn Friday, the Indian stock market ended with minor gains, snapping the five-day losing streak, led by gains in key heavyweights.The Sensex gained 75.71 points, or 0.10%, to close at 73,961.31, while the Nifty 50 ended 42.05 points, or 0.19%, higher at 22,530.70.“Exit polls results which indicate a clear victory for the NDA with around 360 seats completely removes the so-called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday.

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.

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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.

The biggest festival of democracy, the 2024 Lok Sabha Elections, are concluding today in our nation, the Mother of Democracy. After a three-day spiritual journey in Kanniyakumari, I have just boarded the plane for Delhi. Through the day, Kashi and numerous other seats have been in the midst of voting. My mind is filled with so many experiences and emotions… I feel a boundless flow of energy within myself. The 2024 Lok Sabha elections are the first in the Amrit Kaal. I began my campaign a few months ago from Meerut, the land of the First War of Independence of 1857. Since then, I have traversed across the length and breadth of our great nation. The final rally of these elections took me to Hoshiarpur in Punjab, the land of the great Gurus and a land associated with Sant Ravidas Ji. After that, I came to Kanniyakumari, at the feet of Maa Bharti.

Prime Minister Narendra Modi asserted that India's governance model of the last decade has become an example for several countries in the world as the nation managed to lift 25 crore people from poverty, saw adoption of innovative practices of good governance, and worked for the welfare of the poorest people without any discrimination.

collections with many lenders registering a drop in their collection efficiency in May by between 50 and 200 basis points. One basis point is 0.01 percentage point.

expanded social programs but largely failed to reduce cartel violence in Mexico. His Morena party currently holds 23 of the 32 governorships and a simple majority of seats in both houses of Congress. Mexico’s constitution prohibits the president’s reelection.

Mexico will likely elect its first female president — a major step in a country long marked by its macho culture. The election is also the biggest in the country’s history. More than 20,000 congressional and local positions are up for grabs, according to the National Electoral Institute.