All You Need To Know By NDTV Profit

National Democratic Alliance elected Narendra Modi as its leader and decided to stake claim to form the government; At 28.55 crore, the National Stock Exchange of India on Wednesday broke the world record for handling the highest number of single-day trades; SEBI proposed increasing the threshold for the basic service demat account to Rs 10 lakh from the existing Rs 2 lakh....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

BJP to form the government for the third term, with a final seat count of 240 – 32 seats short of majority and 63 lower than it had achieved in 2019 ; Indian National Congress ended with a score of 99 seats; Nifty 50 ended nearly 6% lower; Novelis postpones its planned $945 million initial public offering in the U.S. citing market conditions; Tata Motors Finance to merge with Tata Capital; U.S. and President Biden’s efforts to broker a ceasefire between Israel and the Hamas in the warzone that is now Gaza has failed; Yield on the 10-year Treasury has fallen almost 30 basis points....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Votes will begin to be counted at 8 am today; Nifty 50 hit new intraday highs and also closed at a new record – that stands at 23,26; Southwest monsoon has moved into some more parts of Karnataka, Telangana and coastal Andhra Pradesh on June 3;FSSAI has directed companies to remove claims of "100% fruit juice" from labels and in advertisements for reconstituted fruit juice products with immediate effect;Credit card issuances fell to below the 10-lakh mark for the first time in 10 months due to regulatory changes...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Exit polls predict another landslide victory for the BJP-led National Democratic Alliance; Will Nifty hit 23,000 and market open gap up?; Brent crude trades muted; Goods and Services Tax collections increased 10% year-on-year to Rs 1.73 lakh crore in May; 'Amul' increased milk prices by about Rs 2 per litre effective today and across the country...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

U.S. economic growth slows in the first quarter; Indian economic growth is expected to remain on track in the fourth quarter; Hassan MP Prajwal Revanna facing sexual assault charges arrested; Jio Financial Services unveils the 'JioFinance' app in beta version...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Equities declined along with bonds after another sale of Treasuries in U.S. ; Yields have risen across the board and that’s usually not a positive sign for equity markets; RBI has stopped Edelweiss Asset Reconstruction Co from acquiring any stressed assets; Saudi Arabia set to launch $10 billion Aramco share sale on June 2; Meta Platforms removed hundreds of Facebook accounts associated with covert influence campaigns from China, Israel, Iran and Russia...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

IT Department urged taxpayers to link their PAN with Aadhaar by May 31 to prevent higher tax deductions; Finance Minister Nirmala Sitharaman indicated the government may reconsider the 45-day payment rule for MSMEs if the industry requests it; Maximum temperature in India crossed 50 degrees Celsius, just a shade away from an all-time high; Novelis plans to raise up to $945 million through IPO, as it prepares for its stock market debut on the New York Stock Exchange..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

IMD predicts that the monsoons are likely to be above normal; Adani Energy plans to raise 12,500 crores through QIP; Oil prices rise slightly ahead of the OPEC+ meeting later in the week; Samsung reports that India's smaller towns are driving phone upgrades, boosting its value growth despite stagnant smartphone volumes; Wall Street today is moving back to a T+1 settlement..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Severe cyclonic storm ‘Remal’ made landfall between the coast of Bangladesh and West Bengal, bringing heavy rains that flooded homes and farmland; At least 35 Palestinians were killed in an Israeli airstrike at a camp for displaced people in Rafah late on May 26; Oil steadied after its biggest weekly loss in a month, with the focus on an OPEC+ supply meeting at the end of this week; Globally investors to watch for U.S. GDP data, and China's official manufacturing and non-manufacturing PMI data...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Nifty closes just below 23,000, after hitting a new all-time high; Federal Reserve won’t cut interest rates this year: Goldman Sachs; Yields across the board rose; Brent crude trading at close to the lowest point in a month at about 81.3 dollars per barrel; Interglobe Aviation’s profit more than doubled to close to Rs 1,900 crore in Q4; Google plans to invest billions of dollars in India’s Tamil Nadu state to set up smartphone production…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.