Lok Sabha Polls 2024: Vote Counting Underway, Nirmala Sitharaman Predicts Bullish Market

Vote counting for the Lok Sabha polls 2024 commenced on June 4th, amidst tight security across the country. Over 8,000 candidates eagerly await the results that will determine their fate. Chief Election Commissioner (CEC) has assured the robustness of the Election Commission’s (EC) mechanisms while addressing allegations from opposition parties about undue influence on Returning Officers and District Magistrates.

Union Finance Minister Nirmala Sitharaman has predicted a robust bullish market following today’s declaration of the Lok Sabha elections 2024 results. In an interview with CNN-News18, Sitharaman cited an anticipated “good result” for the Bharatiya Janata Party (BJP) and an S&P rating upgrade as factors for this positive outlook.

The India Meteorological Department (IMD) has issued a heatwave alert for Delhi and six other states coinciding with the Lok Sabha poll results day. While the Southwest monsoon has advanced into parts of the Arabian Sea, Karnataka, Andhra Pradesh, Telangana, and the Bay of Bengal, further advancement into additional regions is expected by June 7 or 8.

As the nation eagerly awaits the Lok Sabha election results today, preparations are in full swing from Jammu & Kashmir to Mizoram and Andhra Pradesh. The seven-phased elections concluded on June 1, and the Election Commission will hold a press conference in Delhi on June 3, providing final updates before the results are announced.

In anticipation of today’s vote counting at the Nesco Exhibition Centre in Goregaon East, Mumbai Traffic Police have imposed restrictions on heavy vehicles. From 6:00 am to 7:00 pm, private buses and heavy vehicles are banned between Shankarvadi and Dahisar Check Naka to ensure smooth traffic flow and public safety.

3C IT Solutions & Telecoms (India) Limited is launching its Initial Public Offering (IPO) today on the platform. With Kreo Capital Private Limited as the lead manager and Skyline Financial Services Private Limited as the registrar, this IPO marks a significant milestone in its nine-year history of delivering innovative IT solutions.

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