The NSE Nifty closed 41 points lower at 3,989. The market breadth was negative - out of 2,655 stocks traded, 1,180 advanced and 1,394 declined on Tuesday. The index went as low as 13,050 to recover from those levels and finally settled at 13,350 points, 176 points lower than Monday's close.
Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. The recent trigger for the decline is Karnataka, which accounts for 15 per cent of overall liquor consumption, increasing duties. The state increased by 20 per cent the additional excise duty on Indian-made foreign liquor (IMFL) on all slabs.
Political uncertainty coupled with the absence of buying support and increased selling from foreign institutional investors and local operators pushed the benchmark CSE-40 index down by 8.98 per cent at Calcutta Stock Exchange on Monday.
Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.
This will be the third 'grand coalition' between the ruling CDU and the SPD since 2005.
The Sensex opened with a positive gap of 209 points at 14,458
Despite being a neighbour, Pakistan has never accounted for more than 2 per cent of India's total exports, and its share in India's total imports is less than 1 per cent. On the other hand, bilateral trade between India and Bangladesh has increased five times.
Only a strong and sustained leadership can only bring it back from the brink, says Pramod Kumar Buravalli.
Amid internal rumblings in the Punjab and Chhattisgarh Congress, Rajasthan chief minister Ashok Gehlot on Saturday said his government will complete its full five-year tenure.
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
The Shiv Sena will have 15 ministers in new Maharashtra cabinet, apart from chief minister's portfolio, while the Nationalist Congress Party will have Deputy Chief Minister and 13 other ministers, sources said on Wednesday.
Once the confidence in the new government policy start rising, markets may witness fresh investments from global investors. But it will definitely take some time.
'Geopolitical risks and their impact on oil prices, if any, are another concern for global markets, particularly for India.'
Executives feel political and other turmoil will hit plans, funds flow; govt says fears valid but will prove wrong.
The EIU said in a report on Wednesday forecast that the real GDP grew by 1.6 per cent quarter-on-quarter in India, but noted that this uptick was largely owing to base effect.
As uncertainty over the fate of the civil nuclear deal continues, the United States has said the pact is likely to clear the hurdles at International Atomic Energy Agency and the Nuclear Suppliers' Group, but the 'main stumbling block' is the internal political process in India. "If the Indian government approves it, I do think that then what remains is to get an agreement with the IAEA and with the NSG. But I think those things are definitely feasible." John Negroponte said.
Congress general secretary KC Venugopal told the media after a meeting at party chief Sonia Gandhi's 10 Janpath residence that that the CWC was briefed on the discussion between NCP and Congress on Wednesday.
A note for retail investors: If you are a long-term guy, you should not panic. Long-term investors never panic.
President Biden has been forced to turn his attention to domestic politics, as he works to hash out a deal with Republicans to prevent the US from defaulting on its debts at the end of this month.
Modi, who addressed a public meeting in Hyderabad after laying foundation stone and inaugurating several development projects, also said the lack of cooperation from the state government is leading to delay in the completion of several central projects in Telangana.
Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
'Many resignation dramas are played out to make others realise one's importance, but Sharad Pawar would not play such petty games.'
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
Soren also claimed that his Assam counterpart Himanta Biswa Sarma indulged in "purchase" of Jharkhand MLAs.
A Canadian parliamentary committee has voted unanimously to urge the border services agency to stop the deportation of nearly 700 Indian students who were duped by unscrupulous education consultants in India to enter the country with "fraudulent college admission letters."
Jharkhand Chief Minister Hemant Soren was questioned by the Enforcement Directorate (ED) for over nine-and-half-hours on Thursday in connection with its investigation into an alleged illegal mining case.
Defence Minister Rajnath Singh on Wednesday asked the Army to maintain strong vigil along the Line of Actual Control (LAC) with China as the situation in the northern sector remained "tense" in view of deployment of PLA troops.
The likely new chairman of Pakistan Cricket Board (PCB) Zaka Ashraf has rejected his predecessor Najam Sethi's much-publicised "hybrid model" for the upcoming Asia Cup.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
APSCC Chairman Jagmohan Singh Raina talks about the life and times of the Sikh minority in a politically tumultuous region of Jammu & Kashmir.
PCB chief Najam Sethi said that they had sent a proposal to ACC that India can play their matches at a neutral venue.
'The ruling provides a Constitutional template, it draws boundaries, and there is this expectation that henceforth political parties will not make crude appeals to religion for electoral gains.'
There were no signs of either the Peoples Democratic Party, the largest group, or the Bharatiya Janata Party, the close runner-up, getting the requisite numbers to stake claim to forming a new government in Jammu and Kashmir as the deadline set by Governor N N Vohra for discussions fast approached.
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
New Delhi's timing couldn't have been worse, both for India's fledgling electric vehicle (EV) sector and prospective electric bike buyers. It was hard to miss the perfect storm brewing for India's EV industry since early 2022. On one hand, you had several accidents involving battery fires that unnerved consumers; on the other, uncertainty had crept in over subsidies.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances