T.S. Singhdeo meets Sonia Gandhi, sparks buzz

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New Delhi, Nov 17 | Days after Congress president Sonia Gandhi met Sachin Pilot to resolve crisis in Rajasthan, Chhattisgarh Health Minister T.S. Singhdeo on Wednesday called on Sonia Gandhi at her residence at 10, Janpath in Delhi.

After having a brief chat with Sonia Gandhi, Singhdeo returned to Raipur, where he said, the Congress president is meeting leaders of different states.

“I don’t have anything to say on it, whenever there will be something, I will let you know,” he added.

Though it has not been clear what transpired between the leaders as both are tightlipped, but sources say that Singhdeo presented his viewpoint on the issue of rotational chief minister to the leadership.

The issue of leadership change in the state is rife with both the camps of Chief Minister Bhupesh Baghel and the Singhdeo have been showing their strength with Baghel parading his supporting MLAs in Delhi.

However, supporters of Singhdeo have been pushing for a change of guard since incumbent Chief Minister Bhupesh Baghel completed 2.5 years in office. Suspense still looms on the issue of rotational chief minister as there is no clarity from the top leadership of the Congress party.

Singhdeo who is pushing on the formula of rotational chief minister is maintaining a line that everything is in the purview of the party leadership and whatever decision will be taken by them will be accepted.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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