The Indian stock market experienced a flat day on Friday, July 5th, with the Sensex and Nifty 50 ending the session with little change. The decline in HDFC Bank shares significantly impacted the benchmarks, while positive global cues offered some support. Reliance Industries, SBI, and Larsen & Toubro performed well, demonstrating resilience amidst the market fluctuations.
Meanwhile, across the globe, Keir Starmer assumed the role of the UK’s Prime Minister, vowing to deliver significant change in the coming years. In his inaugural address, he praised his predecessor, Rishi Sunak, for his efforts, particularly highlighting Sunak’s achievement as the first British Asian Prime Minister.
India’s stock market continues to reach new heights, driven by robust economic growth, easing inflation, and optimistic expectations surrounding the upcoming Union Budget. Experts anticipate a balanced budget that prioritizes fiscal consolidation while stimulating the manufacturing, infrastructure, and rural sectors.
The Narendra Modi-led government has submitted an affidavit to the Supreme Court in response to the ongoing controversy surrounding the NEET-UG 2024 examination. The affidavit asserts that there is no evidence of widespread irregularities in the exam and argues against the need for a re-examination. The government maintains that a new exam would negatively impact a large number of genuine candidates.
Adding to the political scene, Lalu Prasad Yadav, the chief of the Rashtriya Janata Dal (RJD), made a bold claim on Friday, predicting the fall of the Narendra Modi government in Delhi by August. Yadav urged his party workers to be prepared for potential elections, stating that the current government is weak and could collapse within the next few months.
On a lighter note, Prime Minister Narendra Modi shared a video highlighting his interaction with the Indian T20 World Cup winning team. The video captures a memorable conversation where the players discussed their journey and shared their thoughts. Modi commended the team’s spirit, talent, and patience, praising their victory as a celebration for the entire nation.
In the wake of recent bridge collapses in Bihar, Union Minister and former Chief Minister Jitan Ram Manjhi has shifted his stance on the incidents. After initially alleging a conspiracy behind the collapses, Manjhi has now attributed them to the monsoon season. He defended the current Bihar Chief Minister, Nitish Kumar, while 16 engineers involved in the project have been suspended.
