Equity indices frittered away a good start to close with modest losses on Monday, pressured by heavy selling in metal stocks after the government imposed export duties on steel-making raw materials to curb soaring prices. The 30-share BSE Sensex opened strong and gained momentum as the session progressed, but came under severe selling pressure in afternoon trade to close 37.78 points or 0.07 per cent lower at 54,288.61. On similar lines, the broader NSE Nifty slipped 51.45 points or 0.32 per cent to end at 16,214.70.
IndusInd Bank was the top loser in the Sensex pack, tanking over 6 per cent, followed by Maruti, Tata Steel, NTPC, Bajaj Finance, HDFC and Titan. NSE Nifty plunged 509.80 points to 17,026.45.
"I have spent nine years in jail and have suffered a lot. Though I have been reinstated in service, this is an exception since, I have a good record," Shivade said on behalf of Purohit.
Bharatiya Janata Party-backed independent candidate Sadabhau Khot and Nationalist Congress Party's Shivajrao Gajre on Monday withdrew their nominations for the Maharashtra Legislative Council polls, leaving 11 contestants in the fray for 10 seats as the state was set to witness another bitter fight between the BJP and the ruling Maha Vikas Aghadi (MVA) after the last week's cliffhanger in the Rajya Sabha polls.
Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
As Punjab reels under unscheduled power cuts, Sidhu on Friday sought a law to nullify the power purchase agreements signed during the tenure of the previous Shiromani Akali Dal-Bharatiya Janata Party government.
Bollywood stars celebrate Father's Day with priceless pictures and touching messages.
The CBI inquiry was recommended on Delhi Chief Secretary's report filed earlier this month, showing prima facie violations of GNCTD Act 1991, Transaction of Business Rules (ToBR)-1993, Delhi Excise Act-2009 and Delhi Excise Rules-2010, they said.
Investors' wealth has eroded by over Rs 6.15 lakh crore in three days of market decline amid weak global cues and persistent selling by foreign funds. The BSE benchmark Sensex tumbled for the third straight session on Friday to close at 59,306.93, down 677.77 points or 1.13 per cent. In three days, the 30-share index has lost 2,043.33 points or 3.33 per cent.
Equity markets began the new financial year with smart gains on Friday, with the Sensex rallying over 708 points to recapture the crucial 59,000-mark following gains in index majors HDFC twins and Reliance Industries, along with foreign fund inflows. On the first day of trading in the new financial year, the BSE barometer rallied 708.18 points or 1.21 per cent to settle at 59,276.69. During the day, it jumped 828.11 points or 1.41 per cent to 59,396.62. The broader NSE Nifty advanced 205.70 points or 1.18 per cent to settle at 17,670.45.
Continuing their massive selling spree for the ninth consecutive month, foreign investors dumped Indian shares worth Rs 50,203 crore in June -- the highest net outflow in over two years -- amid aggressive rate hike by the US Federal Reserve, elevated inflation and relatively higher valuation of domestic equities. Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 -- the highest-ever net withdrawal by them. Before that, FPIs withdrew Rs 52,987 crore in the entire 2008, data with depositories showed.
Eknath Sambhaji Shinde, who on Thursday became the 20th chief minister of Maharashtra, once drove an auto-rickshaw to earn a living before rising as a formidable Shiv Sena leader.
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
As many as 623 candidates, including 73 women are in the fray in the first phase and around 2.28 core voters, including 1.24 crore men and 1.04 crore women are eligible to caste their francise, election officials said.
After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.
Of the 20,000 Indians who were stranded in war-torn Ukraine, 6,000 have been brought back to the country so far and the Centre is making all efforts for the safe return of the remaining ones, Union Minister of State for External Affairs V Muraleedharan said on Wednesday.
The Russia-Ukraine conflict, which has spooked financial markets globally, will set the tone for Dalal Street this week amid concerns over energy prices and foreign fund outflows, analysts said. Participants will also track key macroeconomic signals like GDP estimates and PMI data for manufacturing and services sectors to be announced this week, they added. "With earnings season behind us and given the overall sentiments, markets are expected to move in sync with global peers in the coming week. "A close eye will be kept on the developments concerning the Russia - Ukraine crisis and considering the inflation overhang, market participants will also observe movements in energy prices," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Ministry of health and family welfare adds Hong Kong and Israel to the list of countries from where travellers would need to follow additional measures on arrival in India, including post-arrival testing considering the detection of new COVID variant 'Omicron' in South Africa.
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
A person availing the services of a bank for 'commercial purpose' is not a consumer under the Consumer Protection Act, the Supreme Court has said. The apex court stated that to come within the ambit of the consumer, a person will have to establish that the services were availed exclusively for earning his livelihood by means of self employment. A bench of Justices L Nageswara Rao and B R Gavai said there cannot be any straitjacket formula and such a question will have to be decided in the facts of each case, depending upon the evidence placed on record.
Prime Minister Narendra Modi will on Thursday inaugurate the newly-christened Kartavya Path -- a stretch from Rashtrapati Bhavan to India Gate that will have red granite walkways with greenery all around, refurbished canals, state-wise food stalls, new amenity blocks and vending kiosks.
In a video clip circulating on social media, temple priest Yati Narsinghanand Saraswati charged that the minor had been sent to snoop on him and in the boy's community, there are 'trained killers' of his age.
Rajesh Pandey, a resident of Chitrauli locality of Janpur Mudiyari Gram Panchayat of Bansdih Kotwali area of the district, returned to India from Afghanistan on August 23.
After Rahul's Bharat Jodo Yatra began criss-crossing the Hindi heartland, BJP leaders have revived their attacks on 'dynasty politics' and 'family rule' in the Congress, points out N Sathiya Moorthy.
Congress legislature party leader said the MVA is on a stronger wicket legally.
Maharashtra Chief Minister Eknath Shinde on Tuesday said Lok Sabha Speaker Om Birla has recognised Rahul Shewale as the Shiv Sena leader in the Lower House of Parliament.
Shaw continued from his unbeaten 240 from overnight and brought up his triple ton.
Round-up of Ranji matches played on Tuesday.
Uttar Pradesh government officials on Monday morning used a bulldozer to remove encroachment done by absconding politician Shrikant Tyagi outside his Noida residence.
The BJP took into consideration caste and regional aspirations while picking ministers in a bid to further consolidate its hold over the politically crucial state which sends the maximum of 80 members to Lok Sabha.
A summary of Tuesday's action in the Ranji Trophy.
The high court was hearing Purohit's application seeking that all charges against him in the case be dropped. Six people were killed and 100 others injured when a bomb strapped to a motorcycle went off near a mosque in Malegaon city in Nashik district of Maharashtra on September 29, 2008.
Amanjot Kaur Ramoowalia, a former member of Akali Dal's women wing and daughter of former Union minister Balwant Singh Ramoowalia, Gurpreet Singh Shahpur, Chand Singh Chatha and Baljinder Singh Dakoha, all associated with the former BJP ally, joined the saffron party in presence of a number its leaders, including cabinet minister Gajendra Singh Shekhawat.
Singh, an executive committee member of the BJP in Uttar Pradesh, also called Bollywood actor Kangana Ranaut 'manchali (crazy)' for her remarks about the country's independence.
Under Election Commission guidelines, campaigning has to end 48 hours before the close of polls for each phase.
Mirzapur 2 has been entertaining everyone on Amazon Prime Video, and inviting interesting conversations.
Quarterly earnings from IT majors Infosys and Wipro, macroeconomic data announcements and global cues would be the major drivers for the equity markets this week, said analysts. Leading IT companies Infosys and Wipro and other players such as Mindtree, Tata Elxsi and HDFC AMC would announce their financial results this week. Moreover, industrial production numbers, retail and wholesale inflation data would be released this week.
Once an auto-rickshaw driver in Thane city adjoining Mumbai, Shinde (58) quickly emerged as a key Sena leader in the Thane-Palghar region after joining politics and is known for aggressive approach towards issues of public interest.
Two candidates each of the ruling coalition allies Congress, Nationalist Congress Party and the Shiv Sena and four nominees of the opposition Bharatiya Janata Party on Monday night won elections to the Maharashtra legislative council, an official said.
The Uttar Pradesh police had arrested Kappan along with three others, claiming they had links with the Popular Front of India and its affiliate in Mathura.
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