The Group’s stocks rose strongly on Monday, following exit polls that predicted a landslide for Modi, but reversed all gains Tuesday as trends showed the BJP would fall well short of a single-party majority.
Fall in stock markets comes after they rallied more than 3% Monday, the first day of trading after the exit polls predicted a comfortable victory for BJP.
Foreign portfolio investors have offloaded shares worth 170.83 billion rupees ($2.05 billion) in just seven sessions in May, the highest since January.
The NSE Nifty 50 index lost 1.34% to 19,281.75. The S&P BSE Sensex fell 1.26% to 64,571.88, biggest single-day loss since July 1, beginning a truncated week on a lackluster note.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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