The Indian stock market experienced a momentous day on June 25, as the Sensex and Nifty indices touched new record highs. The Sensex soared over 600 points to reach the 78,000 mark, while the Nifty crossed the 23,600 threshold. This surge was attributed to strong performance in Asian markets and buying activity in blue-chip banks. Both indices started the trading session on a positive note, buoyed by gains in financial services and banking stocks.
In a significant setback for Delhi Chief Minister Arvind Kejriwal, the Delhi High Court stayed the trial court’s June 20 order releasing him on bail in a money laundering case linked to the now-scrapped excise policy. The High Court observed that the trial court had not adequately considered the case when granting bail to the Aam Aadmi Party (AAP) national convenor.
The Lok Sabha Speaker election witnessed a historic moment on June 26, as Om Birla and K Suresh filed their nominations as candidates, representing the National Democratic Alliance (NDA) and INDIA bloc respectively. This marks the first time in independent India’s history that two candidates have filed nominations for the prestigious position.
A controversy erupted in the Lok Sabha when BJP MP from Bareilly, Chhatra Pal Singh Gangwar, ended his oath-taking ceremony with ‘Jai Hindu Rashtra’. This statement appeared to be a response to AIMIM chief and Hyderabad MP Asaduddin Owaisi’s earlier use of ‘Jai Palestine’ during his oath. The incident led to chaos in the House.
In other news, the initial public offering (IPO) of Allied Blenders and Distillers Ltd, known for its Officer’s Choice Whisky, received 51% subscription on its first day of bidding. With the employee portion fully subscribed and retail and non-institutional investor interest growing, the IPO appears to be on track for success.
The Special Investigation Team (SIT) of the Karnataka Police investigating cases of sexual assault and harassment against Prajwal Revanna, former Janata Dal (Secular) MP from Hassan, registered a fourth case against him. Unlike the previous three cases, this case is registered under sections for sexual harassment, stalking, and criminal intimidation, as well as clandestine recording and sharing of images of the victim. Preetham Gowda, a former BJP MLA, has also been named in this case.
