The Delhi High Court on Wednesday declined to entertain a public interest litigation (PIL) filed by retired judge Justice SN Dhingra, challenging the cash-oriented schemes announced by political parties during the Delhi Assembly elections.
The benchmark Nifty 50 index was trading with a marginal decline of 42 points at 23,338.70, while the BSE Sensex slipped by 114 points to 77,196.86 at the time of reporting.
Market breadth was weak, with only 11 Nifty companies advancing, while 39 declined. Kotak Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech emerged as the top gainers, while Trent, Power Grid, Tata Steel, Titan, and ONGC were the worst performers of the session.
While China and Japan face population declines, India's population is expected to keep growing until 2060, according to the United Nations. This demographic advantage, combined with increasing investment and industrial expansion, positions India as a rising economic powerhouse.
The former IPS officer who was the BJP's chief ministerial candidate in 2015 said that Delhi was in a state of decay and decline and the vote (for BJP) was vote for change, a vote for overhauling.
Former Aam Aadmi Party (AAP) leader, poet and now a staunch critic of AAP and its convener Arvind Kejriwal, Kumar Vishwas, on Saturday recalled the 2011 Indian anti-corruption movement, accusing Kejriwal of derailing it for personal political gains. Without taking Kejriwal's name he attribut
The BSE Sensex declined by 197.97 points, closing at 77,860.19, while the NSE Nifty lost 43.40 points, ending the session at 23,559.95. Out of the Nifty 50 stocks, 28 advanced while 23 declined.
Maulesh Desai, Director, CareEdge Ratings, said, "Among the under-construction projects, totalling Rs 1.83 lakh crore, 55 per cent with an aggregate BPC of Rs 1 lakh crore are delayed by more than six months."
Out of the Nifty 50 companies, 21 stocks advanced while 30 declined. Among the top gainers were Cipla, Adani Ports, ITC Hotels, Dr. Reddy's, and HDFC Life. On the other hand, Trent, BEL, Bharti Airtel, Titan, and ONGC emerged as the biggest losers, dragging the index lower.
If India maintains a nominal growth rate of 10.5 per cent its fiscal deficit is expected to reduce to 4 per cent of GDP in the next financial year (FY26), according to a report by SBI Funds.
The country's retail inflation is expected to decline to 4.5 per cent in the last quarter (January-March) of the financial year 2024-25 (FY25), while the overall average inflation for the year is likely to be at 4.8 per cent, according to a recent report by the State Bank of India (SBI).
The Supreme Court on Monday refused to entertain a plea seeking direction to the Secretary of the President of India and others to recall Tamil Nadu Governor RN Ravi, who walked out without delivering his customary address from the Legislative assembly on January 6.