Business
Stock market opens higher as Trump indicates ‘great’ trade deal with India

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Mumbai, June 27: The Indian benchmark indices opened higher on Friday amid a ‘great’ India-US trade deal possibility, as buying was seen in the PSU bank and IT sectors in the early trade.
At around 9.15 am, Sensex was trading 150.40 points or 0.18 per cent up at 83,906.27 while the Nifty added 54.50 points or 0.21 per cent at 25,603.
US President Donald Trump has hinted at a “very big” trade deal with India, weeks after a team of negotiators from the two countries held four-day closed-door talks on the agreement. Addressing the ‘Big Beautiful Event’ at the White House, Trump said he has a “great deal” with India.
According to analysts, reports that the July 9th US tariff deadline is likely to be extended are also positive for the market sentiment.
“High inflation, aggressive monetary tightening by the central banks, geopolitical events including some wars and conflicts, and unprecedented tariff threats, did pose some threats to the rally, but the bull market climbed all these walls of worries. It appears that the rally is unlikely to be impacted by the approaching July 9th tariff deadline,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.
Nifty Bank was down 80.25 points or 0.14 per cent at 57,126.45 in early trade. The Nifty Midcap 100 index was trading at 59,505.65 after adding 278.25 points or 0.47 per cent. Nifty Smallcap 100 index was at 18,920.30 after climbing 114.70 points or 0.61 per cent.
“Technically, the inside day pattern from two days ago was proof that a trending move was coming, and we got one yesterday with more than 5 stocks advancing for every stock that fell in the Nifty,” said Akshay Chinchalkar, Head of Research, Axis Securities.
The thrust may have more to go though, with the 25,700-25,800 zone the next immediate upside hurdle, and while tactical support at 25,000 is holding, bulls will be optimistic about getting there and beyond sooner than later, he added.
Meanwhile, in the Sensex pack, L&T, Tata Steel, SBI, Tata Motors, NTPC and HCL Tech were the top gainers. While, HDFC Bank, Bajaj Finserv, Kotak Mahindra Bank and Bajaj Finance were the top losers.
Foreign institutional investors (FIIs) were net buyers on June 26, purchasing equities worth Rs 12,594.38 crore. Meanwhile, domestic institutional investors (DIIs) remained sellers, selling equities worth Rs 195.23 crore.
In the Asian markets, China, Bangkok, Seoul and Hong Kong were trading in red, whereas only Japan was trading in green.
In the last trading session, Dow Jones in the US closed at 43,386.84, up 404.41 points, or 0.94 per cent. The S&P 500 ended with a gain of 48.86 points, or 0.80 per cent at 6,141.02 and the Nasdaq closed at 20,167.91, up 194.36 points, or 0.97 per cent.
National
BJP accuses Congress of opposing voter verification to shield fake votes in Bihar

New Delhi, June 27: Following Congress’ objection to the Election Commission of India’s special revision of the state’s voter list ahead of the upcoming Assembly elections in Bihar, the BJP has launched a sharp counterattack, accusing the grand old party of attempting to protect fake voters.
BJP state president Dilip Jaiswal defended the ECI and called Congress’ objections baseless.
“The Election Commission is an independent body which works independently. It is its responsibility to ensure that elections are conducted with complete transparency. If any political party opposes this, it is wrong. Fake voting can be prevented by the revision of the voter list. Voters who have died will be identified. This process will also make it clear whether the voter is actually in Bihar or voting somewhere else. This is a very necessary step for transparency. I congratulate the Election Commission for this,” Jaiswal said.
Bihar Congress president Rajesh Kumar on Thursday criticised the ECI for initiating the voter list revision process in a limited time frame.
He alleged that the move is part of a conspiracy to suppress the electoral rights of marginalised communities.
Reacting strongly to these allegations, BJP leader and Minister Nitin Nabin questioned Congress’ intent behind opposing the exercise.
“I say that Congress should clarify what exactly they are objecting to. If genuine voters are being verified and fake voters are being removed, is Congress sitting here to commit fraud? I want to ask the opposition members who are opposing this, are you trying to gain power through fake votes? Such fake voters will definitely be stopped, and the parties doing fraud will also be taught a lesson,” Nabin asserted.
The ECI has issued instructions for holding Special Intensive Revision (SIR) in Bihar, where polls are to be held by year-end. This means electoral rolls for the state will be prepared afresh.
The special voter list inspection has been undertaken by the ECI as a standard pre-election procedure to ensure the accuracy of electoral rolls.
Officials have stated that the process will help remove deceased or duplicate voters and correct errors, ensuring a fair and transparent election.
Crime
Kerala HC judge files complaint of theft at his residence, police probe on

Kochi, 27 June: The Kochi police have received a theft complaint from Kerala High Court Judge, Justice A. Badharudeen, according to officials on Friday, stating that six sovereigns of gold were missing from his residence.
The complaint, which was filed on Thursday, mentions that the gold has been stolen from the judge’s bedroom. The police have registered an FIR under Section BNS 305.
What has surprised many is that the thief has decamped with gold from a high-security guarded house located in the heart of the commercial capital of the state.
The judge registered the complaint with the Kalamassery police under which his residence falls.
After the preliminary probe, the police are now planning to prepare a list of those who need to be spoken to, as this incident occurred in the bedroom of the senior judge.
More details are awaited.
The incident has raised concerns regarding the security situation in the state. The Congress-led UDF has been accusing the state government of failing to curb the crimes.
It has been found that Kerala is a haven for organised gangs hailing from neighbouring states who specialise in robbing homes, and the cases against non-Keralaite thieves are also on the increase.
According to information prepared by the home department, which was placed before the Assembly last year, it showed 192 cases of theft involving non-Keralites were registered in 2021, and the numbers have been steadily increasing. This rose to 360 in 2022.
In 2023, the number increased further to 519, and by September 2024, a total of 307 such cases were registered. But the image of the Kerala Police got a boost when over 1,350 thieves during this period were put behind bars.
However, with regards to the case being registered in the burglary at the home of a judge, the police appear to have a tough job ahead.
Likewise, with other crimes also on the increase, the Ernakulam Police have come out with a directive to landlords who are seeking to rent out their properties. The police have urged the landlords to get a police clearance certificate from the prospective tenants from their local police station where they stayed.
National
Thackeray brothers will jointly hold one anti-Hindi protest: Sanjay Raut

New Delhi, June 27: Amid plans to hold two protests against imposition of Hindi in schools in Maharashtra, senior Shiv Sena (UBT) leader Sanjay Raut on Friday announced that there would be only one demonstration and the two Thackeray brothers would participate in it together.
Even though there has been no formal announcement on this till now by the Maharashtra Navnirman Sena (MNS) or the Shiv Sena (UBT), but Sanjay Raut’s post on X, in which he has also put up a picture of the two cousins together with a photograph of the late Bal Thackeray in the background, has fuelled speculation of rapprochement between Uddhav and Raj Thackeray and the possibility that they might hold the protest jointly.
Earlier, close to Raj Thackeray’s birthday Uddhav Thackeray had also hinted at a rapprochement between them but nothing concrete had come out of it.
On Thursday MNS chief Raj Thackeray announced the change in morcha date to July 5 instead of July 6 to protest the imposition of Hindi in Marathi and English-medium schools for classes 1 to 5 in Maharashtra.
This was done as the auspicious Ashadhi Ekadashi falls on July 6 when the devotees fast for the day and walk all the way to Pandharpur to pay tribute to the presiding deity Vitthal.
Significantly, Uddhav Thackeray on Thursday extended his party’s support to a morcha organised on July 7 in Mumbai by The Tribhasha Sutra (Three language formula) committee.
Raut’s post is significant because even though both the brothers and their parties had declared that they would not allow the imposition of Hindi, they had announced two different protests.
Insiders from both the parties said that efforts are on to fight as one, in order to avoid a split in the Marathi speaking people opposing the imposition of Hindi.
Now, it remains to be seen whether Sanjay Raut’s post was his own initiative or whether it had the blessings of the leaders of both the parties and the two estranged brothers have finally decided to come together for a cause close to their heart and fight for it jointly.
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