Shares of oil & gas services companies and banking companies advanced 6% each, while shares of telecom services companies and energy companies rose 4% each. Stocks of real estate companies declined 9% and stocks of airline companies fell 7%.
Combined inflation for urban and rural areas eased from 7.73% in August 2014 to 6.46% in September 2014, the lowest since the inception of the index. Inflation in urban areas eased to 6.34% in September from 7.04% in August. Food inflation in urban areas eased to 7.60% in September from 8.27% in August. Inflation for vegetables in urban areas eased significantly, to 5.01% in September from 7.68% in August. Inflation related to fuel & power declined to 2.46% in September from 2.69% in August. Inflation for housing remained steady at around 8%. Inflation for clothing stayed around 7% and miscellaneous items declined to 4.21% in September from 5.46% in August.
After days of rhetoric and u-turns, Devendra Fadnavis set to become new Maharashtra CM
Devendra Fadnavis was elected the leader of the BJP's legislative party by the party's MLAs at a meeting of the party's newly elected MLAs and senior leaders in Mumbai.
Rajnath Singh as Central Observer of the BJP, party general secretary (state in-charge) JP Nadda, state poll in-charge OP Mathur and former state in-charge Rajeev Pratap Rudy attended the meeting of the party’s newly elected MLAs to select the CM candidate.
Fadnavis was widely tipped to be the leader of choice in Maharashtra, however, there had been conflicting reports of Nitin Gadkari and Eknath Khadse both lobbying for the post with both of them putting up a show of strength and support from MLAs.
Eventually, Gadkari and Khadse both backed off, after discussions in Nagpur and among the BJP central leadership. Rajiv Pratap Rudy told the media that the MLAs had unanimously elected Fadnavis as their leader.
The BJP legislators led by Fadnavis are expected to visit the Governor soon and stake claim to form the government.