In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
Happy Friday! New-age firms planning to go public are moving cautiously as stock market volatility remains a concern after the 2024 general election results. This and more in todays ETtech Morning Dispatch.
Happy Wednesday! Top bosses at some of the countrys leading IT firms took home enhanced salary packages last fiscal. More on this on todays ETtech Morning Dispatch.