The benchmark S&P BSE Sensex ended 0.3% lower at 39,714.20 in Mumbai, after a volatile session during which it gained as much as 0.7%. The NSE Nifty 50 Index retreated 0.2%.
There is continued optimism that arresting economic slowdown & nursing financial sector back to health will be immediate priorities of Modi’s new govt.
The BJP has an absolute majority, putting PM Modi on course for a second term, and boosting the markets a day after counting for the Lok Sabha seats began.
The S&P BSE Sensex climbed as much as 2.6%, the biggest advance since March 2016, as predictions reinforced Modi’s ability to repeat his 2014 win amid a resurgent opposition.
India’s consumption engine is sputtering as cash crunch caused by NBFC crisis has curbed spending even on staples after hurting demand for cars & homes.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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