With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices.
Gupkar Alliance, which includes mainstream political parties of Jammu and Kashmir, has accepted the invitation of the all-party meeting called by Prime Minister Narendra Modi on June 24.
Three MLAs abstained, while 20 legislators, most of them from Congress and the NCP, including Congress's Ashok Chavan and Vijay Wadettiwar, both former ministers, were absent during the trust vote.
Former medium pacer Kuruvilla, who was backed by Mumbai Cricket Association (MCA) bigwigs, was preferred over a more decorated Ajit Agarkar from the west zone.
Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said. Besides, the progress of monsoon will also be monitored. "This week marks the beginning of the new month also, so participants will be eyeing the high-frequency indicators like auto sales and manufacturing PMI during the week. "Besides, the progress of monsoon will also remain on their radar.
There are many life lessons to be learnt from the way Sharad Pawar handled the Maharashtra political crisis.
Gen Bipin Rawat's appointment, first as army chief superseding two other army commanders, and then as CDS, was the consequence of his close personal rapport with National Security Advisor Ajit Doval. Now, with General Rawat gone and nobody named to replace him as CDS, it is evident that no other top military officer enjoys that relationship with Doval, observes Ajai Shukla.
However, onion arrivals have been normal with farmers bringing in 1,400 tonnes of the bulb to Lasalgaon on Friday, substantially lower than 2,429 tonnes on Thursday, but there is no dearth of supply to mandis.
Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to be announced, they added. "Volatility is likely to continue amid Omicron uncertainty, RBI credit policy, and macroeconomic numbers. "There are lots of news flows on the Omicron variant which are causing volatility in the market while on the domestic front we will have the outcome of an important monetary policy of RBI that is scheduled on December 8. "We will also have our IIP and inflation numbers this week however they will be released on Friday after market hours," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Stepping up its attack on the Narcotics Control Bureau, the Nationalist Congress Party on Friday alleged that the anti-drug agency let off two persons after a raid on a cruise ship off Mumbai coast recently, with one of them being the brother-in-law of a 'high-profile' BJP leader.
'Over the years he has been getting a feeling of being sidelined by his uncle.'
Political watchers believe that there is little denying the loss of face the party has suffered in its bid to rule India's richest state.
It was soon after that call that Rahul Gandhi and Tejashwi Yadav spoke to each other.
Lasalgaon, Pimpalgaon mandis halt auctions to arrest the decline.
Traders estimate around 30 per cent of rabi crop damage.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
On his condition of resolving farmers' issues, the BJP leader said Singh did not talk about ending the farmers' agitation.
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as major drivers for the equity market, they added. "The direction of global equity markets along with movement in dollar index and crude oil prices will continue to dominate while inflation numbers of the USA on May 11 and inflation and IIP numbers of India on May 12 will also cause volatility in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
"Unfortunately, the seniors were being completely sidelined," he said in a statement.
Stock markets will focus on global trends for further direction in this holiday-shortened week as the earnings season is largely over, analysts said. Trade experts expect the key benchmark indices to move sideways as investors are trying to decode the impact of rising inflation on foreign portfolio investments. Inflation data released by the US and China last week have fanned fears of earlier than expected rate hike and boosted US bond yields.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Days after Jayant Chaudhary's terse 'not a coin, won't flip' response to the BJP's apparent attempt to woo him, Union Minister Dharmendra Pradhan said the Rashtriya Lok Dal chief was a 'kid with little knowledge of history'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While there were concerns about the security aspect of drones, top government officials were of the view that restricting the drone industry would stifle a sunrise sector which holds significant promise for future, reports Arindam Majumder.
Domestic equity markets are likely to see volatility in a range-bound trade this week amid geopolitical worries and growing expectations of a sharp hike in interest rates, analysts said. Global trends, inflation data and the last batch of quarterly earnings will drive the markets this week, they said. Besides, the rupee movement, FII investment pattern and Brent crude trends would also be watched by investors.
Even as the Shiv Sena, Nationalist Congress Party and Congress were burning the candle at both ends to hammer out a deal over forming the government in Maharashtra, the Amit Shah-led BJP was quietly planning its moves.
Athawale, known for his rhyming repartees, added: "BJP ne Congress ko latka diya hai, Shiv Sena ko jhatka diya hai aur NCP ko sarkaar mein atkaa diya hai (the BJP has left the Congress in a quandary, shocked the Shiv Sena and taken the NCP along in formation of the government)."
'He has divine power... For our future, safety is in the hands of Modi.'
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Leaders across the political spectrum on Friday condoled the demise of Chhattisgarh's first chief minister Ajit Jogi, with Prime Minister Narendra Modi hailing the IAS officer-turned-politician for striving to bring a positive change in the lives of the poor.
'I am not envious of those who are making millions. It's their era and I had my era.'
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
From output surge to lack of cold storage, not much attention has been given to the potato farmers. The export market, too, is bleak, due to unsuitable domestic varieties and an underdeveloped food processing value chain.
To mark World Whiskey Day, a toast to its memorable imagery in Hindi films.
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
The Delhi police initiated an "outreach programme" on Friday as part of which its officials met imams and maulvis of various mosques in riot-hit northeast Delhi, officials said. The exercise was carried out by senior officials outside mosques in Kardampuri and Kabir Nagar. These areas witnessed pitched battle between the two communities on Tuesday and Wednesday. During the meeting, senior police officers were briefed about the recent riots.
The People's Alliance for Gupkar Declaration (PAGD) on Monday said assembly elections should be held only after restoration of statehood to Jammu and Kashmir and asked the Bharatiya Janata Party-led central government to honour its commitment made on the floor of Parliament.
Nearly 137 public meetings in UP...
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
