Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
The BJP is far more prepared than the Congress as their pool of prospective candidates is much bigger, reports Prakash Bhandari.
A division bench of Justice Saumitra Dayal Singh and Justice Manjive Shukle observed in its order issued on Monday that taking a child by way of adoption or foster care is neither contrary to the practices prevailing in societies nor is something to be looked down upon.
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
If Meena resigns, it is likely to put pressure on other ministers whose areas also saw poor performance in the general elections.
Four of seven Bharatiya Janata Party MPs who fought the Rajasthan assembly elections won their respective seats while three others lost the polls.
Bypolls will be held on Wednesday in 31 assembly seats spread across 10 states and Kerala's Wayanad Lok Sabha constituency, from where Congress general secretary Priyanka Gandhi Vadra is making her electoral debut. Though these bye-elections are not going to have any bearing on the governments, they are seen as a big test for the Congress and the INDIA bloc which failed to put up a united show in the recent Haryana assembly polls. Most of these seats fell vacant after the sitting MLAs contested the Lok Sabha elections and won while in some constituencies, the bypolls are being held due to death of the representatives. The Wayanad seat was vacated by Rahul Gandhi, who also won from the Rae Bareli parliamentary constituency which he kept. Voting will be held in seven seats in Rajasthan, six in West Bengal, five in Assam, four seats in Bihar, three in Karnataka, two seats in Madhya Pradesh, and one seat each in Chhattisgarh, Gujarat, Kerala and Meghalaya. Votes will be counted on November 23.
Two ministers who raised the banner of revolt with former deputy chief minister Sachin Pilot during the political crisis also find their names in the list.
Congress leader Sonia Gandhi was elected unopposed to Rajya Sabha from Rajasthan on Tuesday, officials said.
A 15-year-old boy was allegedly beaten to death with sticks with his family alleging that he was attacked when he opposed an attempt to molest his cousin, police said.
Though the MLAs termed it a courtesy meeting, they said they will support Raje if the party leadership chooses her for the post in the state.
The Hyundai Venue car had five occupants, four of them students of Delhi University colleges, who were returning from a birthday party at a pub in neighbouring Gurugram.
The constable fired from his automatic weapon, killing an RPF Assistant Sub Inspector and three other passengers of the Jaipur-Mumbai Central Express shortly after 5 am, the official said.
Bollywood doesn't need fire-breathing dragons when it has Bhai.
In India elections are never fought in a straight line. It's fought on many issues, at many levels, with multiple emotions and with a bit of good luck, too. Sheela Bhatt reports from Rajasthan.
The newly elected Bharatiya Janata Party MLAs in Rajasthan will meet in Jaipur on Tuesday to formally pick the next chief minister of the state, ending days of suspense after the party won the assembly elections.
The railways on Tuesday said the RPF constable accused in the Jaipur-Mumbai train shooting incident kept the treatment he would have been undergoing for any mental condition a "secret" and no such ailment was detected in the last periodic medical examination for the force's personnel.
Fifteen personnel of the public sector company got trapped in a mine Tuesday night when a cage used to carry the personnel fell down after a rope broke, police said.
The MPs who win assembly polls will have to quit one of their seats in the next 14 days.
Family members alleged that it was a communal incident because the attackers were from another community, however, police denied that the dispute was on religious grounds.
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
The Colaba Police have registered an offence against more than 350 persons for the 34-hour-long protest at the Gateway of India.
The Railway Protection Force jawan who shot dead four railway passengers including an RPF ASI in the Mumbai-Jaipur Superfast Express, was not feeling well and had lost his calm, an official said on Monday.
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
Chief Minister M K Stalin has ordered a CB-CID probe to ensure comprehensive investigation and the government transferred Kallakurichi District Collector Sravan Kumar Jatavath and Superintendent of Police Samay Singh Meena was suspended, a statement said.
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
Railway Protection Force (RPF) constable Chetan Singh forced a passenger of the B2 bogie of the Jaipur-Mumbai train to walk at gunpoint up to the pantry car, which is two coaches away, where he shot him dead, a GRP official said on Tuesday citing the investigation.
Global trends, trading activity of foreign investors and movement of oil benchmark Brent crude would dictate terms in the domestic markets this week, analysts said. Equity markets, which fell nearly 3 per cent last week, may face volatile trends amid the monthly derivatives expiry on Thursday. "This week marks the September month Futures and Options (F&O) expiry, which is expected to bring about volatility in the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
'How was it possible for Singh to have got a government job, and that too one involving the handling of guns, had he been insane?'
'The good governance which the Congress government claims has resulted in a regime where women in Rajasthan are afraid to go out of their homes.'
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
A 36-year-old constable posted at the Indo-Tibetan Border Police (ITBP) camp in south-west Delhi's Chhawla area was killed on Wednesday allegedly after being shot by the son of an officer residing on the same campus of the border guarding force, official sources said.
A summary of Indian athletes' showing at the Paralympics, in Paris, on Monday, September 2.
The election management committee and the election manifesto committee were formed by the party's national president J P Nadda.
The RPF officer said a team of personnel of the force was accompanying the mortal remains to Sawai Madhopur and they will carry them to his native place from the railway station for the last rites.
There has not been a large impact of untimely rain and hailstorm so far in several major wheat-growing areas, and those might have damaged around 3 per cent of the standing crop -- not enough to make a big dent in the expected 112 million tonnes of production in FY24, a senior government official said on Tuesday. Relentless rain pounded most North Indian states all through March. Separately, the chairman of Food Corporation of India (FCI), Ashok K Meena, told reporters the agency was on track to achieve the targeted 34 million tonnes of procurement in FY24 on the back of a strong start to the purchase season from Madhya Pradesh.
Macroeconomic data announcements, global factors and trading activity of foreign investors would be the key triggers for the domestic stock markets this week, analysts said. Last week, the benchmark indices joined the broader market's party despite a host of negative global cues. In the broader market, the BSE midcap and smallcap gauges hit their all-time highs on Friday.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
Trends in the global markets, trading activity of foreign investors and announcement of domestic macroeconomic data are the major factors that would drive investors' sentiment in a holiday-shortened week ahead, analysts said. Benchmark indices had a record-breaking rally in the past week driven by impressive GDP data. Equity markets would remain closed on Friday for Mahashivratri.
