Nation
Amit Shah's new team has Yeddyurappa & Ram Madhav but no Varun Gandhi
Shah announced his new team of BJP office bearers that includes 11 vice presidents, eight general secretaries and 14 secretaries. The new team also includes 10 party spokespersons, five of them are new
 
Bharatiya Janata Party (BJP) chief Amit Shah on Saturday announced his new team, which includes Karnataka's former chief minister BS Yeddyurappa as vice president and Ram Madhav, the pointsman of Rashtriya Swamsevak Sangh (RSS) as general secretary. Shah, however, has dropped Varun Gandhi as general secretary.
 
A week after his formal anointment as party president, Shah announced his new team of party office bearers that includes 11 vice presidents, eight general secretaries and 14 secretaries. The new team also includes 10 party Spokespersons, five of them are new.
 
While dropping Varun, the MP from Sultanpur, whose mother Maneka Gandhi is a minister in Modi government, Shah has retained general secretaries JP Nadda, Rajiv Pratap Rudy, Murlidhar Rao and Ramlal, who will continue to take care of the organisation affairs.
 
Party sources said that Varun has not been included because his mother has been included in the Modi Cabinet as Minister of State with independent charge.
 
The four new general secretaries are Ram Madhav, the RSS face who was sent to the party recently, outgoing BJP Mahila Morcha chief Saroj Pandey, Rajya Sabha MP from Rajasthan Bhupendra Yadav and Ram Shankar Katheriya.
 
Yeddyurappa, who had formed his own outfit after being forced to quit as chief minister following corruption charges but had rejoined on poll eve, is among the 11 vice presidents in Shah's new team. Former union minister Mukhtar Abbas Naqvi has been retained as vice president.

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Sensex, Nifty at a crucial juncture: Weekly Market Report
The benchmark indices may find it tough to record significant new highs. However, the first sign of weakness will come only if Nifty closes under 7,700
 
Last week (closed on 8th August) we had mentioned that the NSE's CNX Nifty and S&P BSE Sensex may try to make gains. This week opened on a positive note with a huge gap up on Nifty which it managed to retain for the session on Monday. The  Sensex closed the week that ended on 14th August at 26,103 (up 774 points or 3.06%), while the Nifty ended at 7,792 (up 223 points or 2.95%). 
 
On Monday, Nifty closed at 7,626 (up 57 points or 0.76%). The Reserve Bank of India said on Sunday the 9th August that its board has approved the transfer of a surplus profit of Rs52,679 crore to the government for the year ended June 2014. This compares with a surplus transfer of Rs33,010 crore last year. Market regulator SEBI on Sunday had approved a long-pending proposal to introduce real estate investment trusts, a move to give cash-strapped developers easier access to funds.
 
The optimism on the bourses continued on Tuesday as well. After a range bound move for most of the session, the indices shot up to hit the day’s high and closed almost at the same level. Nifty closed at 7,727 (up 101 points or 1.33%), highest gains since 30 June 2014. Rainfall forecast for India has been lowered to 87% of the long-period average from 93% earlier due to a slow start to the season, the earth sciences minister said. India's industrial production during June was at 3.4%, weaker than the 5% expansion in May, while retail inflation in July based on the combined consumer price index for rural and urban India was at 7.96% compared with 7.46% a month ago.
 
Weak data of July consumer price inflation and June factory output given after-market hours on Tuesday affected the market sentiments on Wednesday. And the positive move on Wednesday was further weakened by the data coming from Japan which showed the economy contracting sharply in the second quarter and China's industrial production slowing slightly in July. Nifty closed at 7,740 (up 13 points or 0.16%).
 
Nomura has raised the BSE Sensex target to 30,310 by end of August 2015. Commerce and Industry Minister Nirmala Sitharaman said on Wednesday that the NDA government will not 'entertain' foreign direct investment in multi-brand retail. The Indian government said it will come out with a new natural gas pricing formula by 30th September keeping in mind the interest of investors and public.
 
Nifty resumed its upward journey on Thursday managing to keep itself above Wednesday’s close for most of the session.  Weaker-than-expected US retail sales data reinforced the view that the Federal Reserve won't rush to raise rates. Nifty closed 7,792 (up 52 points or 0.67%).
 
The annual rate of inflation based on monthly WPI eased to 5.19% for July 2014, from 5.43% for June 2014. Meanwhile, the government revised upwards WPI inflation for May 2014 to 6.18% from 6.01% reported earlier.
 
The market remains shut on Friday for India's Independence Day.
 
For the week, among the other indices on the NSE, the top two performers were Auto (5%) and Finance (4%) while the worst two performers were Media (3%) and Realty (1%).
Among the Nifty stocks, the top five stocks for the week were Tata Motors (12%); HDFC (9%); BPCL (8%); Sesa Sterlite (8%) and Mahindra & Mahindra (8%), while the top five losers were Bhel (4%); Hero MotoCorp (3%); Hindalco (3%); Bharti Airtel (2%) and State Bank of India (2%).
 
Of the 1,509 companies on the NSE, 637 companies closed in the green, 838 companies closed in the red while 34 companies closed flat.
 
Out of the 27 main sectors tracked by Moneylife, top five and the bottom five sectors for this week were:
 

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Mutual funds are focused on gathering assets. This leads to practices that are against...

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