All you need to know before market opens on Thursday, June 06: The S&P 500 and Nasdaq hit new highs on Fed rate cut hopes; Back home, RBI policy meeting, Nifty weekly expiry to guide market sentiment.
A resolution passed at the meeting said the NDA government will continue working to lift people's living standards for the country's all-round development while conserving its heritage
US President Joe Biden, Russian President Vladimir Putin, French President Emmanuel Macron, British Prime Minister Rishi Sunak and German Chancellor Olaf Scholz were among over 75 world leaders who congratulated Prime Minister Narendra Modi for the ruling NDA's electoral victory and hoped for deeper bilateral ties during his third term. President Putin and Sunak held separate phone conversations with Modi. Ukranian President Volodymyr Zelenskyy, Taiwanese President Lai Ching Te, Italian Prime Minister Giorgia Meloni and the Chinese Foreign Ministry also sent congratulatory messages to Modi. "Congratulations to Prime Minister Narendra Modi and the National Democratic Alliance on their victory, and the nearly 650 million voters in this historic election," Biden said on X. "The friendship between our nations is only growing as we unlock a shared future of unlimited potential," he said. In his message, Putin, congratulating Modi, said Russia attaches great importance to the relationsh
The election results of Odisha and Andhra Pradesh state elections would also have a bearing on the membership of the Rajya Sabha
Finance ministry likely to keep elements of package within Rs 1 trillion spread over more than one year
Even in 2004, when benchmarks had collapsed 20% after NDA's surprise defeat, the markets had recouped all the losses to generate positive returns six months and one year later
The equity markets also benefited from bargain-hunting and short-covering following a tumultuous Tuesday
Analysts expect India's macro stability to remain intact but see a hit to India's premium valuations
Prime Minister Modi, Vice President Jagdeep Dhankhar, his wife Sudesh Dhankhar, and Lok Sabha Speaker Om Birla were pictured at the dinner in Delhi
Preparations for government formation began on Wednesday with the ruling National Democratic Alliance (NDA) unanimously electing Narendra Modi as its leader while the opposition INDIA bloc said it will take appropriate steps at the appropriate time to "realise the people's desire not to be ruled by the BJP government". The ruling and opposition alliances held parallel meetings at the Prime Minister's residence and Congress chief Mallikarjun Kharge's residence respectively in the evening, a day after the election results gave a clear majority to the BJP-led NDA. While the BJP won 240 Lok Sabha seats of its own, the NDA has bagged 293 seats, comfortably above the majority mark of 272 in the 543-member House, paving the way for Modi to take the oath for a third consecutive term, a first for any ruling alliance since 1962. The opposition INDIA bloc too is buoyed after making stunning gains this time by bagging 234 seats. Setting the tone for his third straight term as the head of a ...
Lok Sabha Election Results News: TDP and JD(U) have pledged their allegiance to the NDA. With 28 seats between them, the parties hold sway over the BJP-led NDA.
A copy of the Constitution found its place in most rallies of Rahul, which struck a chord with the Scheduled Castes in the Hindi heartland
Leaders of the BJP-led National Democratic Alliance unanimously elected Prime Minister Narendra Modi as the ruling bloc's leader on Wednesday, passing a resolution to underscore the government's commitment to serving the poor, women, youths, farmers and deprived sections of society. They met at Modi's residence here a day after the NDA won a majority of seats in the Lok Sabha election, paving the way for him to take the oath for a third consecutive term, a first for any ruling alliance since 1962. TDP leader N Chandrababu Naidu, Bihar Chief Minister Nitish Kumar, Maharashtra Chief Minister Eknath Shinde, LJP(R) leader Chirag Paswan and NCP leader Praful Patel were among those who attended the meeting. The resolution said the NDA government will continue working to lift people's living standards for the country's all-round development while conserving its heritage. "We are all proud that the NDA fought the 2024 Lok Sabha polls unitedly under the leadership of Prime Minister Narendra
As many as 24 Muslim candidates across the country have won the Lok Sabha elections and they include former cricketer Yusuf Pathan of the Trinamool Congress from Bahrampur in West Bengal and Congress' Rakibul Hussain from Dhubri in Assam. However, the community's presence in the 18th Lok Sabha has reduced marginally from 26 last time but is higher than the 2014 tally when 23 Muslim candidates were elected to the lower house of Parliament. As many as 78 Muslims were in the fray in the Lok Sabha elections this year, a significant drop from the last polls when 115 Muslim candidates were fielded by various parties. Among the Muslim candidates who won this time, Rakibul Hussain's victory in Dhubri was significant in terms of the winning margin. The Congress candidate secured 14.71 lakh votes and defeated his nearest rival Mohammad Badruddin Ajmal by one of the highest margins of about 10 lakh votes. On the other hand, first-time contender Yusuf Pathan beat Congress leader in the Lok Sab
INDIA bloc partners will take appropriate steps at the appropriate time to realise the people's desire not to be ruled by the BJP government, Congress president Mallikarjun Kharge said on Wednesday following the opposition alliance's first meeting after the Lok Sabha poll results. Addressing the media after the nearly two-hour meeting which was seen as the alliance keeping its options open and not staking claim at government formation for now, he said the opposition leaders resolved to continue their fight against the "fascist rule" of the BJP led by Narendra Modi even as they thanked the people for their overwhelming support to the INDIA bloc. "We will take appropriate steps at the appropriate time to realise people's desire not to be ruled by the BJP's government," Kharge said while reading out a statement adopted by all the alliance constituents after the deliberations at his residence. He said the decision has been taken by all constituents of the INDIA bloc in one voice. The .
Stock market strategy: Considering that the NDA forms the government, analysts believe it will pursue a balanced economic growth model, giving equal emphasis on investment and consumption growth
Despite facing setback in the 2024 Lok Sabha elections, the BJP maintained a stronghold in many states and secured all seats in Madhya Pradesh, Himachal Pradesh, Delhi, Uttarakhand, and Tripura
Opposition INDIA bloc leaders began crucial deliberations on Wednesday, exploring the possibilities of government formation, the alliance's future strategy and whether to reach out to former allies Nitish Kumar and N Chandrababu Naidu. The leaders met at Congress president Mallikarjun Kharge's residence here, a day after Lok Sabha election results were declared. While the BJP won 240 seats and the Congress emerged as the second largest party with 99 seats, the NDA has the majority number with 293 seats and is holding a parallel meeting on government formation. The opposition alliance has 234 seats. The opposition leaders are likely to deliberate on the Lok Sabha poll results and whether to bring on board the Janata Dal (United) and Telugu Desam Party to cobble up the numbers required for government formation. Top Congress leaders, including party chief Mallikarjun Kharge, Congress Parliamentary Party chairperson Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra also attended the
A total of 73 women have won the Lok Sabha elections, a slight dip from 78 elected in 2019. Of the total women MPs elected to the Lower House from across the country, West Bengal is leading with 11 female MPs. A total of 797 women candidates had contested the elections with the BJP fielding the maximum at 69 followed by the Congress at 41. This is the first election since the passage of the women's reservation bill in the Parliament to reserve one-third of seats in the Lok Sabha and state assemblies for women. The law is yet to come into effect. According to an analysis of the Election Commission data, BJP's 30 women candidates won the polls this time, Congress' 14, TMC's 11, four of the Samajwadi Party's, three of the DMK, and two each of the JDU and LJP(R). With over 13.44 per cent female MPs, the 18th Lok Sabha will have one of the highest number of women members since 1952. The 17th Lok Sabha had the highest number of women parliamentarians at 78, constituting over 14 per cen
Tibetan spiritual leader Dalai Lama on Wednesday congratulated Prime Minister Narendra Modi and the NDA on success in the Lok Sabha elections. "As you prepare to resume office for a new term, I wish you continued success in meeting whatever challenges may lie ahead in fulfilling the hopes and aspirations of the people of this great nation," the Dalai Lama said in a letter. "It fills me with admiration and pride to see India upholding its responsibility as the world's largest democracy. These elections have indicated how much the people of India value their democracy," the letter further said. "On this occasion too, I would like to take the opportunity to express the Tibetan people's immense gratitude to the government and people of India for its warm hospitality. "It is due to India's consistent generosity and kindness to us that we have been able to preserve our ancient cultural heritage in exile, in peace and freedom. We have also been quite successful in creating a greater ...