It was perhaps over-enthusiasm that prompted the Indian investigative agencies to take a private jet to Dominica to bring back fugitive diamantaire Mehul Choksi. Predictably, the eight-member team had to return empty-handed after almost a week-long wait. The agencies were banking too much on the "state-less" status of Mr Choksi, as Antigua, which had given him citizenship in 2017, wasn't willing to take him back. Thus, the calculation was that Mr Choksi would be whisked away from the Dominican courtroom to the waiting plane. The reason for the optimism was also because Antigua is friendly territory for India.
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
Globally, jewellery buying fell 14%, investment slid 11%.
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Gold has pushed lower as a result of Chinese selling.
Infosys, TCS, ICICI Bank and Sun Pharma among the top losers of the hour.
The Nifty had hit its third successive record high of 7,922.70 today.
RBI Governor Raghuram Rajan stressed that trade, immigration and capital flows must not be hindered.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
Russia continues to 'support and assist' the Ukrainian separatists, State Department Spokesperson, Jen Psaki alleged.
The Uttar Pradesh Defence corridor is estimated to attract Rs 20,000 crore investment and create 250,000 jobs.
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
The sources said questioning revolved around accounts of IDS Tunisia and remittances received by it.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
The UK Crown Prosecution Service said Mallya's appeal to certify a point of law was rejected on all three counts, of hearing oral submissions, grant a certificate on the questions as drafted, and grant permission to appeal to the Supreme Court.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
'Why should my vaccine certificate, which I got paying my own money, have the picture of the prime minister?'
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Gold is currently trading at Rs 25,200 for 10 grams.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
India may be at the fag end of a downcycle that has lasted over 7 years
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Uddhav said there was no point in Modi becoming emotional at a time when people have tears in their eyes.
India Inc is ready to diversify into unchartered areas.
Retired banker P Balagopala Kurup says one of the reasons he favours inflation targeting is that its first priority is to insulate the lesser fortunate citizens from adversity and in the process to ensure that the economy retains its inherent vibrancy and strength.
'The market position from here on is expected to go up'.
Capital flows have become much more skittish and volatile during this period, with short-term horizons dominating allocations.
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Syriza lawmakers walked the corridors telling reporters the government might not survive the night.
