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Stock markets close lower for 2nd day; IT stocks fall after US rating downgrade

Mumbai, May 19 (PTI) Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT and banking stocks and a weak trend in global markets after rating downgrade of the US by Moody’s Ratings. The 30-share BSE barometer declined 271.17 points or 0.33 per cent to settle at 82,059.42. During the day, it dropped 366.02 points or 0.44 per cent to a low of 81,964.57. The NSE Nifty dipped 74.35 points or 0.30 per cent to 24,945.45. Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian

Absolutely not getting into that subject: Tharoor on Congress’ objections on all-party delegations

New Delhi, May 19 (PTI) Congress MP Shashi Tharoor on Monday declined to join issue with some opposition parties, including his own, over the government’s choice of MPs from their ranks for all-party delegations to foreign capitals following Operation Sindoor. “I am absolutely not getting into that subject,” he told reporters as the chairman of Parliament’s Standing Committee on External Affairs arrived for its meeting, which is being briefed by Foreign Secretary Vikram Misri on the India-Pakistan military conflict after the April 22 Pahalgam terror attack. Tharoor has been chosen by the BJP-led government to head one of the seven

Gold rallies Rs 580 to Rs 97,030/10 gm; silver climbs Rs 500

New Delhi, May 19 (PTI) Gold prices rallied Rs 580 to Rs 97,030 per 10 grams in the national capital on Monday amid strong trends in the international markets, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity had closed at Rs 96,450 per 10 grams. Gold of 99.5 per cent purity climbed Rs 580 to Rs 96,580 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 96,000 per 10 grams in the previous market session. “Gold prices edge higher, but remain under pressure, as softer US

‘Entire nation in shame’: Supreme Court orders SIT probe against MP minister over remarks on Col Qureshi

New Delhi, May 19 (PTI) The Supreme Court on Monday pulled up Madhya Pradesh minister Vijay Shah for his remarks on Colonel Sofiya Qureshi and constituted a three-member special investigation team to probe the FIR lodged against him. A bench of Justices Surya Kant and N Kotiswar Singh told the minister that it had seen his videos where he made the remarks and his apology and wondered if “they were crocodile tears or an attempt to wriggle out of the legal proceedings”. “The entire nation was in shame due to the comments… We saw your videos , you were on

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