Markets open in red on Wednesday
Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.
The Sensex of the BSE after opening at 33,733.55 points touched a high of 33,800.04 and low of 33,713.96 points.
On Tuesday the Sensex closed at 33,856.78 points.
The Sensex is trading at 33,763.09 down by 93.69 points or 0.28 per cent.
On the other hand the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,393.05 points after closing at 10,426.85 points.
The Nifty is trading at 10,397.30 points in the morning.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Congress to contest only 11 out of 36 seats in Mumbai; Political analysts predict tough battle
Mumbai: Out of the 36 assembly constituencies in Mumbai, Congress will contest in just 11 seats in the upcoming elections. In the 2019 assembly elections, the party fielded candidates in 30 constituencies, but this time, it has reduced its presence significantly following its alliance with Shiv Sena (UBT). Despite several rounds of discussions led by Mumbai Congress President Varsha Gaikwad and MLA Aslam Shaikh, Congress secured only a few seats under the MVA formula.
The seats allocated to Congress are seen as BJP strongholds, making victory challenging, according to political analysts. Among the 11 constituencies Congress is contesting, four are held by sitting MLAs. Notably, Congress swapped the Bandra East seat with Chandivli, which is held by Shiv Sena (UBT). Additionally, seats like Byculla and Versova, which Congress had shown interest in, were ceded as part of the alliance arrangement.
"This is the fewest seats Congress has contested in decades, indicating its struggles within the seat-sharing dynamics with Shiv Sena (UBT) and NCP (SP)," said political analysts. Moreover, in Northeast Mumbai, Congress is fielding candidates in only one constituency.
In Mulund, NCP (SP)'s Sangeeta Wagh and Congress’s Rakesh Shetty have filed nominations, raising the possibility of Congress conceding all of Northeast Mumbai if Shetty withdraws. "We aimed to contest in 14-15 seats but were left with just 11, as Shiv Sena (UBT) had already announced candidates in several constituencies. We will, however, uphold the alliance’s spirit to maximise MVA's win," said Gaikwad.
