Bajaj Finance was the top laggard in the Sensex pack, tanking nearly 12 per cent, followed by HDFC twins, Tata Steel, ICICI bank, Kotak Bank and Maruti.
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.
Worried over the dispute, MSCI CEO Henry Fernandez feels the issue will end up leaving international investors really vulnerable in one of Asia's biggest markets.
As usual, analysts are predicting a profit bounty for Indian firms. What’s cheering bulls today is that analysts have gotten a little better at their jobs.
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?
COMMENTS