The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
From the 30 Sensex firms, Bajaj Finance, Reliance Industries, Tata Steel, JSW Steel, Tech Mahindra, Tata Motors, Kotak Mahindra Bank and Maruti were the biggest laggards. Reliance Industries Ltd, India's most valuable company, on Monday reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational performance. ICICI Bank, Bharti Airtel, Asian Paints, Adani Ports, UltraTech Cement and HCL Technologies were among the gainers.
'Future market gains will likely depend primarily on earnings growth.'
BJP members, including the Leader of Opposition Sunil Sharma, opposed the resolution, saying it was not part of the listed business.
Saibaba died at due to gall bladder infection and other complications.
The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said. The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains.
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
The Reserve Bank of India on Friday retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4.6 per cent in Q3, and 4.5 per cent in Q4.
Adani Ports was the biggest loser in the Sensex pack, declining 1.37 per cent, followed by ITC, Bharti Airtel, NTPC, Maruti, Asian Paints, Sun Pharma, Power Grid, Hindustan Unilever and Larsen & Toubro. In contrast, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Steel, Axis Bank and Tech Mahindra were among the gainers.
The Congress is fighting the elections in a pre-poll alliance with National Conference and has fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party. Additionally, the CPI(M) and the Jammu and Kashmir National Panthers Party (JKNPP) have each been allocated one seat while both the Congress and NC had a 'friendly contest' on five seats.
While they are trying to unite different parties to form a non-Bharatiya Janata Party, non-Congress alliance at the Centre, the Communist Party of India - Marxist and the Communist Party of India on Monday intensified their tussle over the Ponnani Lok Sabha constituency in northern Kerala's Mallapuram district.After the CPI announced its intention two days earlier to field its own candidate from that seat, the CPI-M's Central Committee today put its foot down.
"I remember one incident -- I would not name anyone -- that person said 'if you are going to become prime minister, we will support you'," Gadkari said.
In a significant political development, National Conference president Farooq Abdullah announced on Thursday that an alliance with the Congress was finalised for all 90 assembly seats in Jammu and Kashmir, which is going for its maiden assembly polls after being reorganised into a Union Territory.
Villagers alleged that the minor, who was missing since Friday evening, was raped and murdered, and the police did not act on their complaint immediately.
Friendly fights, however, are more complicated for the MVA, especially since smaller parties who are part of the INDIA bloc are also in the mix.
The case was registered following a complaint filed by KP Sumesh, a local Communist Party of India leader, seeking legal action against Gopi for allegedly misusing an ambulance to reach the Pooram venue flouting police restrictions.
