Union Minister Sitharaman, actor-turned-politician Jaggesh to contest RS poll for BJP from K'taka
Bengaluru, May 29: Union Finance Minister Nirmala Sitharaman and Kannada film actor-turned-politician Jaggesh will be the BJP candidates for the biennial election for the four Rajya Sabha seats from Karnataka, which will take place on June 10.
Sitharaman is eyeing her second term from Karnataka after the completion of her six years' tenure as Rajya Sabha member.
The party sprang a surprise by fielding Jaggesh, who hails from Turuvekere in Tumakuru, and set aside the speculation on the outgoing Rajya Sabha member K C Ramamurthy's candidature.
According to party insiders, this move was aimed at wooing the dominant Vokkaliga community and further strengthening the party base in Tumakuru district.
Jaggesh was first elected as Congress MLA in May 2008 only to quit the party and the Assembly membership a year later in 2009, during what is called as Operation Lotus' that brought the BJP strongman B S Yediyurappa to power for the second time soon after a seven-day stint as Chief Minister.
His new political home, the BJP, soon rewarded him with membership to the Karnataka Legislative Council.
The party fielded the two candidates given its strength in the Assembly.
The BJP sources said the party is still exploring the possibility to field one more candidate with the help of JD(S) and may field K C Ramamurthy as an independent candidate though the JD(S) has announced fielding Kupendra Reddy despite lacking requisite numbers.
Meanwhile, Congress leader and former union minister Jairam Ramesh would file his nomination papers for the Rajya Sabha election on Monday.
The elections to four seats of Rajya Sabha is necessitated as the term of office of members Nirmala Sitharaman (Union Finance Minister) and K C Ramamurthy of BJP, and Jairam Ramesh and late Oscar Fernandes of Congress is due to expire on June 30.
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Stock markets rebound after Monday's crash: Sensex jumps 1,089 pts tracking firm global trends
Mumbai, Apr 8 (PTI): Stock markets rebounded sharply on Tuesday, a day after facing the worst drubbing in 10 months, as benchmark Sensex recouped 1,089 points after across-the-board buying amid a rally in Asian and European markets.
Snapping its three-day decline, the 30-share BSE Sensex jumped 1,089.18 points or 1.49 per cent to settle at 74,227.08 with 29 of its components ending in the green. During the day, it climbed 1,721.49 points or 2.35 per cent to 74,859.39.
The NSE Nifty surged 374.25 points or 1.69 per cent to 22,535.85, snapping the three-day losing run. Intra-day, the benchmark soared 535.6 points or 2.41 per cent to 22,697.20.
Sensex tanked 2,226.79 points or 2.95 per cent and Nifty tumbled 742.85 points or 3.24 per cent, marking their worst single day decline in 10 months as global equity markets went into a tailspin on recession fears after US tariff war.
"Positive global market cues aided massive recovery in local benchmarks, as concerns over US trade tariffs faded a bit on hopes that most of the nations would work out ways to overcome the challenge. With India largely being a consumption-led economy, the US tariff impact may not hurt the country in a major way when compared to some of the other nations," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
All Sensex firms, except Power Grid, ended in the positive territory. Titan, Bajaj Finance, State Bank of India, Larsen & Toubro, Axis Bank, Bajaj Finserv, Asian Paints and Zomato were the biggest gainers.
World markets also staged a comeback after Monday's collapse.
In Asian markets, Tokyo's Nikkei 225 index, Hong Kong's Hang Seng, Shanghai SSE Composite index and South Korea's Kospi settled in the positive territory after falling sharply on Monday. Nikkei 225 index jumped 6 per cent.
European markets were quoting higher. US markets ended mostly lower on Monday.
The BSE smallcap gauge jumped 2.18 per cent and midcap index surged 1.87 per cent.
All BSE sectoral indices ended higher.
Oil & Gas index jumped the most by 2.58 per cent, followed by consumer durables (2.38 per cent), telecommunication (2.32 per cent), industrials (2.04 per cent), energy (2.03 per cent), consumer discretionary (2.02 per cent), teck (1.97 per cent), healthcare (1.94 per cent) and IT (1.77 per cent).
As many as 3,093 stocks advanced while 871 declined and 119 remained unchanged on the BSE.
"Following positive global cues, led by the interest of many nations to enter into bilateral agreements with the US, the domestic market witnessed a recovery," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,040.01 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 12,122.45 crore, according to exchange data.
Global oil benchmark Brent crude climbed 0.22 per cent to USD 64.35 a barrel.
Benchmark indices Sensex and Nifty logged their worst single-day decline in 10 months on Monday, as fears that Trump's policies on reciprocal tariffs may lead to recession and higher inflation in the US going ahead unnerved investors.
