Equity benchmark indices moved up marginally during early hours on Tuesday but remained under pressure amid growing concerns over the spread over Covid-19 infections in Maharashtra.
At 10:15 am, the BSE S-P Sensex was up by 226 points or 0.45 per cent at 49,970 while the Nifty 50 edged ticked up by 65 points or 0.44 per cent to 14,740.
Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green zone with Nifty realty gaining by 3 per cent, metal by 1.3 per cent and PSU bank by 1.2 per cent.
Among stocks, DLF was up by 4 per cent to Rs 305.25 per share while Godrej Properties advanced by 2.6 per cent to Rs 1,485.
Energy major ONGC jumped by 6.4 per cent to Rs 113.15 per share.
As the BJP celebrates its victory in Maharashtra, voters have spoken loud and clear about what drove the win. Was it the party’s focus on Hindutva, or the emphasis on development (Vikas)? With the outcome favouring the BJP, the question now remains: who will take the reins as Chief Minister – Eknath Shinde, the current leader, or Devendra Fadnavis, the former CM with a significant political presence? The dynamic between Hindutva and Vikas played a crucial role in shaping the electorate’s decision, with many voters citing these two factors as central to their choice. As Maharashtra's political landscape shifts, the future of its leadership hangs in the balance.
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Deputy CM Devendra Fadnavis has assured that there will be no disagreement over the Chief Ministerial post in Maharashtra. Speaking after the Mahayuti's landslide victory, Fadnavis stated that the leadership of the three alliance parties will collectively decide on the CM’s face, and the decision will be acceptable to all. With the BJP-led alliance sweeping the state, the focus now shifts to whether Eknath Shinde or Devendra Fadnavis will take the top position in the government.
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