Sensex, Nifty rebound after days of downtrend
Mumbai, Nov 19: Equity benchmark indices Sensex and Nifty bounced back on Tuesday after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M.
Continuous buying by domestic institutional investors also supported the indices, traders said.
Snapping its four days of decline, the BSE benchmark Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38. However, fag-end decline in Reliance Industries restricted the market rally. During the day, it zoomed 1,112.64 points or 1.43 per cent to 78,451.65.
The NSE Nifty also bounced back after falling in the past seven trading days. It went up by 64.70 points or 0.28 per cent to settle at 23,518.50.
From the 30-share Sensex pack, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys were the biggest gainers.
In contrast, Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel were among the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,330.56 crore, according to exchange data.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher.
European markets were trading lower. The US markets ended mostly higher on Monday.
Global oil benchmark Brent crude dipped 0.25 per cent to USD 73.12 a barrel.
The 30-share BSE benchmark dropped 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline on Monday. Falling for the seventh day in a row, the Nifty dipped 78.90 points or 0.34 per cent to 23,453.80.
Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra.
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Kangana Ranaut sparks row: Claims Gandhi made 'Raghupati Raghav Raja Ram' the national anthem
New Delhi: A significant political controversy has erupted following the Modi government's decision to rename the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a move that has drawn sharp criticism from opposition parties. The row was further fueled by BJP MP Kangana Ranaut, who, while defending the name change, erroneously claimed that Mahatma Gandhi had made the devotional song "Raghupati Raghav Raja Ram" India’s national anthem.
The central government has rebranded the flagship rural employment scheme from MGNREGA to the "Viksit Bharat-Guarantee for Employment and Livelihood Mission," abbreviated as VB-G RAM G. The removal of Mahatma Gandhi's name from the scheme has been termed an insult to the Father of the Nation by the Congress and other opposition parties.
When questioned by the media outside Parliament regarding the opposition's allegations, Mandi MP Kangana Ranaut defended the government's decision by invoking Mahatma Gandhi's devotion to Lord Ram.
"How is naming it 'Ram Ji' an insult to Gandhi ji?" Ranaut asked. "Mahatma Gandhi made 'Raghupati Raghav Raja Ram' the national anthem to organize the entire country. Therefore, this is an insult to Mahatma Gandhi? The government is fulfilling his dream by giving it the name of Ram."
Ranaut's claim regarding the national anthem was immediately seized upon by the opposition. Congress leader Supriya Shrinate shared the video of Ranaut’s statement on social media, tweeting sarcastically, "Come on brother, today we learned a new national anthem! The BJP is full of such gems."
Social media users also trolled the MP for the factual error. One user quipped, "Kangana ji forgot to mention that Bapu made this the national anthem after the country got independence in 2014," while another commented that the party finds people who "don't use their brains while forwarding WhatsApp messages."
Beyond the social media mockery, senior Congress leaders criticised the renaming on ideological grounds. Former Rajasthan Chief Minister Ashok Gehlot took to X (formerly Twitter) to condemn the move.
"The biggest irony is that Mahatma Gandhi was a lifelong devotee of Lord Ram and said 'Hey Ram' in his last moments," Gehlot wrote. "Today, the central government is making a despicable attempt to sideline Gandhi ji under the guise of the same 'Ram' name (VB-G RAM G), which is highly condemnable."
मनरेगा का नाम बदलने की केंद्र सरकार की कवायद महात्मा गांधी के प्रति उनकी ओछी मानसिकता और असम्मान का प्रमाण है। सरकार पहले 'पूज्य बापू' के नाम का शिगूफा छोड़ती है और फजीहत होने पर अब 'विकसित भारत-गारंटी फॉर रोजगार एंड आजीविका मिशन (VB-G RAM G)' जैसा नाम थोपना चाहती है। बार-बार नाम…
— Ashok Gehlot (@ashokgehlot51) December 15, 2025
गांधी जी ने ‘रघुपति राघव राजा राम’ को लेकर नेशनल एंथम बनाया था
— Supriya Shrinate (@SupriyaShrinate) December 16, 2025
BJP MP कंगना रनौत
चलो भाई आज नया नेशनल एंथम भी पता चला है!
BJP में एक से एक शिरोमणि भरे पड़े हैं 😂🤣 pic.twitter.com/9DvyV5xLb1
