Three way split of AIADMK has slowed decision-making, prompting industry to look outside the state, says T E Narasimhan.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
In the midst of huge job losses as a fallout of the coronavirus pandemic, Tamil Nadu Chief Minister Edappadi K Palaniswami has signed 17 MoUs for an investment of Rs 15,100 crores that aim to provide 47,100 jobs. But a clearer picture on where the projects stand will emerge only after the Covid-19 induced fear psychosis ends, to see if popular protests will derail them like they have done so many others, says N Sathiya Moorthy.
Among the series of questions raised were how self-loading riffles found their way out of the armoury and came to be used in the firing, how snipers were perched atop vehicles and how persons came to be shot in the face and chest.
Market participants are now awaiting Thursday's meeting of the European Central Bank
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
What will the Centre and the Tamil Nadu government do to answer the queries and fears of investors who will want to be doubly sure they would not be harassed at a later date, as has been happening to Sterlite, should be interesting to watch, says N Sathiya Moorthy.
At 47 protests a day, the state has become the most restive in the country and investors are becoming increasingly wary
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Eleven things we learnt about Rahul Gandhi's style of functioning from former Union minister Jayanthi Natarajan's November 214 letter to Congress president Sonia Gandhi.
As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists.
'I joined the protest on the 100th day to show solidarity with the farmers.' 'I was outside the collector's office when people started running.' 'I was wondering what had happened when I felt a pain in my hand and it began bleeding.'
Market breadth continued to remain strong, with 1899 gainers and 674 losers on the BSEs.
Muzzling NGOs is unbecoming of a democracy. Self-confident democracies encourage, indeed applaud, the involvement of citizens' associations, including NGOs, in social and political decision-making and development planning. Instead, our paranoid government bullies and terrorises them, says Praful Bidwai.
India Inc is encouraged by a determined Budget.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
