Sensex slumps by almost 300 points, Nifty hits one-month low
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Stock markets saw an alarming slump on Tuesday as the equity benchmarks- Sensex and Nifty lost well over 0.50 per cent. The 30-share BSE Sensex closed 179.96 points below (0.58 per cent) at 30,958.25 while the broader 50-share NSE Nifty slipped 63.55 points (0.66 per cent) to end at 9,511.40.
In a turbulent day for the market, Sensex hit the day-low of 30,847.08, almost 300 points below closing mark of the previous session. It slipped below 31,000 for the first time since May 25. Nifty also lost more than 100 points in intra-day trade to touch the low point of 9,473.45, hitting a one-month low.
This was after the stock markets opened in the green buoyed by the Trump- Modi meet.
Bank stocks dragged the indices the most with Bank of Baroda, State Bank of India and Axis Bank losing the most on both the indices. Idea Cellular, GAIL and United Spirits manged to gain in an otherwise disappointing day.
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Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
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Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
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A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
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The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
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India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
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