The Indian stock market witnessed a setback on Wednesday, June 19, as the benchmark index Nifty 50 snapped its five-day winning streak. Profit booking at higher levels led to a decline, with shares of prominent companies like Reliance Industries, Larsen and Toubro, and Bharti Airtel bearing the brunt of the slump.
Meanwhile, the Indian government is actively working on a new advisory in light of the prevailing heatwave situation, particularly in northern India. The news agency ANI reported that this move comes as Delhi continues to grapple with the scorching temperatures, with the maximum temperature feeling like a sweltering 51 degrees Celsius according to the Indian Meteorological Department (IMD).
In a significant development for the Indian education system, Prime Minister Narendra Modi inaugurated the new campus of Nalanda University at Rajgir in Bihar. The event was also attended by Chief Minister Nitish Kumar, Governor Rajendra V Arlekar, and External Affairs Minister S Jaishankar. This inauguration marks a pivotal moment in the revival of this ancient institution of learning.
The Allahabad High Court on Wednesday dismissed a writ petition filed by a NEET aspirant who alleged that the National Testing Agency (NTA) failed to declare her result and that her OMR sheet was torn. The court, however, deemed the student’s claims as unfounded and dismissed the petition, highlighting the importance of adhering to due process in such matters.
In a political development, the Rouse Avenue court extended the judicial custody of Delhi Chief Minister Arvind Kejriwal and another accused, Vinod Chauhan, until July 3 in connection with a money laundering case related to the Delhi Excise policy. The Enforcement Directorate (ED) claims to have evidence of a bribe being demanded by Kejriwal.
Aam Aadmi Party (AAP) leader and Delhi government minister Atishi has threatened to go on an indefinite fast if Delhi does not receive its share of water by June 21. In a letter addressed to Prime Minister Modi, Atishi expressed her displeasure and warned of this drastic measure if the issue remains unresolved.
In the financial market, the Akme Fintrade IPO was fully subscribed on its first day, with retail and non-institutional investors leading the charge. This ₹ 132 crore offering, which launched on June 19, is expected to see high subscription numbers in the coming days.
The DEE Development Engineers IPO also received a positive response on its first day of bidding, with retail and non-institutional investors fully subscribing their respective portions within hours of the opening. The subscription status reached 2.51 times as per BSE data.
