Vijay secures majority mark as Left parties, VCK back TVK
In a major political development in Tamil Nadu, the CPI, CPM, and VCK have agreed to support the TVK chief, enabling the party to reach the crucial halfway majority mark of 118 MLAs.
The market has extended gains for the second straight day as Sensex reclaimed the 60,500 mark. Sensex rallied 478 points on Monday after gains in index majors HDFC, Infosys and Kotak Bank despite a negative trend in the global markets.
After a volatile session, the 30-share index ended 477.99 points or 0.80 per cent higher at 60,545.61.
The broad based Nifty surged 151.75 points or 0.85 per cent to 18,068.55 as 40 of its constituents ended with gains.
Titan was the top gainer in the Sensex pack, rising over 4 per cent, followed by UltraTech Cement, Bajaj Finserv, Tech Mahindra, Kotak Bank and HDFC.
In a major political development in Tamil Nadu, the CPI, CPM, and VCK have agreed to support the TVK chief, enabling the party to reach the crucial halfway majority mark of 118 MLAs.
TVK chief Vijay has sought an appointment with the Tamil Nadu Governor at Lok Bhavan at four thirty in the evening, sparking speculation about the party securing the required numbers to form the state government.
Following the BJP's victory in the West Bengal assembly elections, Amit Shah is scheduled to chair an MLA meeting to finalise the state leadership. Suvendu Adhikari has emerged as the frontrunner for the Chief Minister position.
An analysis of the potential frontrunners for the chief ministerial position highlights several key contenders from the prominent political party.