Monday, June 3, 2024

Shashi Tharoor optimistic of his win :::::: Adani Group stocks perform well for second consecutive session ::::: Markets shatter all records, mad rush begins for stock programmers after PM Modi's 'June 4' call

While the INDI Alliance  did not declare any leader, Rahul Gandhi is seen as the most prominent politician in the bloc and has played a decisive role in bringing together different parties and reaching seat-sharing arrangements. 


If the exit polls come true, it will be a big setback for Rahul who has been the chief opponent of Narendra Modi for more than a decade. 


Despite his failure to sway the voters with his agenda, Rahul might as well continue just like before. He might think he needs better transmission and elaboration of his ideas. 

He might also continue with his aggressive style, hoping to mobilise voters 

.... against Modi, sooner or later. His aggression, after all, helps him project himself as the biggest opponent of Modi, says a piece in 'The Economic Times'. 


Markets shatter all records, mad rush begins for stock programmers after PM Modi's 'June 4' call


The Adani Group stocks performed well for the second consecutive session, led by Adani Ports which closed over 10 per cent up.


Adani Enterprises’ stock soared by 7.3 per cent, Adani Total Gas (NS:ADAG) surged by 8.4 per cent, Adani Power (NS:ADAN) climbed to 16 per cent, while Adani Energy Solutions went up by 9.2 per cent.


Adani Green Energy (NS:ADNA) shares shot up by 7 per cent, while Adani Wilmar (NS:ADAW) and Ambuja Cements (NS:ABUJ) recorded gains of 3.7 per cent and 6.3 per cent, respectively.






Shattering previous records, the Indian stock markets on Monday positively responded to Prime Minister Narendra Modi’s prediction that "stock market programmers will get tired dealing with the rush" post-election results, albeit a day early.In an interaction with NDTV (NS:NDTV) last month, PM Modi said the Indian indices are set to witness record highs after the poll results (to be announced on Tuesday).


"Within a week after election results, the Indian stock market will touch record highs and stock market programmers will get tired dealing with the rush," he said.


On Monday, both the Sensex and Nifty touched new highs, as Exit Polls predicted a massive victory for the NDA government amid India's GDP exceeding estimates at 8.2 per cent for FY24.


Online brokerage platforms Zerodha and Groww witnessed disruptions in peak trading hours as the bull rally gained momentum.








PM Modi's 100-day agenda a "political strategy to influence mindset of people,' says DK Shivakumar


"It is only a political strategy to influence the mindset of people. We also have our strategies, and so does every political party. Exit polls are not correct, INDIA bloc will secure a majority and form a government at the Centre," he said.


Shashi Tharoor, Congress, optimistic of his win against BJP's Rajeev Chandrashekhar


"I am perfectly aware that Thiruvananthapuram is the BJP's strongest constituency in Kerala, that on two occasions they have come second and therefore they are entirely capable of coming second again. 


But the possibility that they can win is, at the moment, a remote one because there has to be some basis for it. We have looked all over the place, there was no wave...In a three-cornered contest, there has to be nonetheless either a perception of what exactly the constituency is lacking in its present arrangement for a major anti-incumbency to occur or there has to be a perception that there is something wonderful about the alternative...


I can tell you that none of us have seen anything that will justify any concern on our part. We are quite relaxed going into tomorrow's counting," he said


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