How results of Lok Sabha polls will impact sensex, Nifty

According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.

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Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO

Hindalco's shares surged 2% on the BSE during Wednesday's trading session, reaching a peak of Rs 695 for the day. This rise followed news that its subsidiary, Novelis, had filed to offer 45 million shares in its US initial public offering (IPO), with a price range of $18 to $21 per share.

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Pakistan: Christians take to streets to protest against yet another mob attack over blasphemy

Angry members of the Christian community took to the streets in protest after a Muslim mob attacked a Christian factory owner in Punjab's Sargodha district for alleged blasphemy, Union of Catholic Asian News reported. The incident occurred on May 25 when an angry mob assaulted a Christian person, vandalized his house, and torched properties in Mujahid Colony in Sargodha, Punjab province in Pakistan.

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Who is Ebrahim Raisi, Iran's president whose helicopter suffered a 'hard landing' in foggy weather?

News of his helicopter making what state media described as a "hard landing" on Sunday immediately brought new attention to the leader, who already faces sanctions from the U.S. and other nations over his involvement in the mass execution of prisoners in 1988.

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A heavy monsoon season is great news for these Indian stocks

The Nifty FMCG Index has risen 1.5% so far in May, beating the benchmark NSE Nifty 50 Index by more than two percentage points. It underperformed in each of the previous six months.

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Government gains PSU muscle as stocks climb peaks

The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.

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Stocks in news: L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter results.

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Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news

Kotak Mahindra Bank's shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian's resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.

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