Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June. All 13 major sectors

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

In a significant political development, Pawan Kalyan's Jana Sena Party has made a notable entry into the Vijayawada Municipal Corporation (VMC) with the defection of four key corporators from the YSR Congress Party (YSRCP). The four corporators - Ummidishetti Radhika, Mahadev Appaji Rao, Attuluri Adilakshmi, and Maripilla Rajesh - officially joined the Jana Sena Party during a ceremony that was attended by Pawan Kalyan himself. This move comes after a series of defections, as three of the

When the YSR Congress party was in power, Jana Sena Party chief Pawan Kalyan and his party leaders used to target former Kakinada MLA Dwarampudi Chandrasekhar Reddy, making serious allegations against him on illegal transport of PDS rice from Kakinada port. Dwarampudi, too, used to counter these allegations and make abusive comments against Pawan Kalyan and the Jana Sena Party leaders. In fact, Kapu strongman and former MP Mudragada Padmanabha Reddy, too, was attacking the Jana Sena leaders a

The sudden visit of Jana Sena Party president and Andhra Pradesh deputy chief minister Pawan Kalyan to New Delhi on Wednesday to meet Union home minister Amit Shah created a lot of buzz in the mainstream as well as social media. The visit assumed significance in the wake of his latest strong comments against his cabinet colleague home minister Vangalapudi Anitha over the failure of law and order and rising crimes in the state. There were reports that Shah had called Pawan Kalyan to Delhi to k

On Wednesday, the Indian stock markets showed a strong upward movement, with the Nifty 50 closing 1.12% higher at 24,484.05 and the BSE Sensex ending 1.13% up at 80,378.13. The rally was largely fueled by a significant surge in information technology (IT) stocks, including Infosys Ltd., Tata Consultancy Services Ltd. (TCS), and other major players in the sector. The rally was

India's benchmark equity indices closed lower for a second consecutive week on Friday, as market sentiment was dampened by losses in major stocks such as Titan Co. and Tata Steel Ltd. On Friday, the Nifty index slipped by 0.10%, or 24.15 points, finishing at 24,974.3, while the Sensex declined by 0.22%, or 176.01 points, closing at 81,435.40. The decline was attributed to the performance of banking stocks and Tata Consultancy Services Ltd., which contributed significantly to the

The political landscape in Andhra Pradesh is shifting as former minister Balineni Srinivasa Reddy initiated a trend of exits from the Yuvajana Sramika Rythu Congress Party (YCP). Following this trend, former Ponnuru MLA Kilari Venkata Rosaiah has decided to part ways with the YCP, signaling a notable loss for the party in the Assembly constituency. Kilari recently met with Jana Sena leader Pawan Kalyan, and this meeting proved pivotal in his decision to join the party. He is set to

The current market sentiment is subdued, with the potential for a fresh selloff if certain technical thresholds are breached. Analysts suggest that for the Nifty and Sensex to experience a significant decline, the indices would need to drop below their respective 20-day simple moving averages or fall beneath the 24,900 and 81,400 marks. If these levels are breached, the Nifty could slip to the 24,775-24,725 range, while the Sensex might drop to 81,000-80,800. On the other hand, for

Pawan Kalyan, the Deputy Chief Minister of Andhra Pradesh and leader of the Jana Sena Party (JSP), is celebrating his 55th birthday today. This year’s celebration is particularly significant for Pawan and his supporters, marking a milestone as he has achieved his long-standing aspiration of holding a prominent political position after years of dedication and effort. In recognition of Pawan Kalyan’s special day, CM Chandrababu Naidu has extended heartfelt birthday wishes.

The Central Election Commission is preparing the ground for the Andhra Pradesh elections and the commission has now started to issue the election symbols for the parties that are not yet recognized by the EC. On a related note, the EC confirmed that the Jana Sena party has been confirmed the glass symbol. A hard copy of the authorization of the election symbol was sent to the legal division of JSP today. A soft copy was e-mailed to the party.  JSP will now be contesti