Monday afternoon trade was dragged by losses in index heavyweights HDFC Bank, L&T and Bajaj Finance. Traders also indicated that several Budget proposals was weighing on investor sentiment.
There is continued optimism that arresting economic slowdown & nursing financial sector back to health will be immediate priorities of Modi’s new govt.
The dispute between bourses of the two countries threatens to leave global investors without an easy way to safeguard their exposure to the Indian stock market.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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