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Gold Silver Reports (GSR) – RBI Announces Further Restrictions On Allahabad Bank — Allahabad Bank has been under the RBI’s PCA framework since January 2018. The fresh restrictions placed by RBI on the bank represent a second round of corrective measures.
Gold Silver Reports (GSR) – Karnataka Election Results 2018, INDIA Keey Eye on 10 Things — The Karnataka assembly election is a three-cornered battle between the Congress, the Bharatiya Janata Party and Janata Dal (Secular). The race is to get to a majority of 113 seats in the 224-member assembly. All three parties have been in power at some point in the last over 15 years, either in alliance with each other or on their own.
India CPI Inflation – The index of consumer price inflation stood at 4.58 percent in April, overturning a three month slide from its peak, according to data released by the Central Statistics Office. Economists polled Expected CPI inflation at 4.41 percent. Inflation stood at 4.28 percent in March, and 4.4 percent in February.
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Gold Silver Reports (GSR) – Sensex, Nifty Pause Ahead Of Karnataka Poll Outcome — The NSE Nifty 50 index was unchanged at 10,806.60 and the S&P BSE Sensex was little changed at 35,557. The mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap index fell 0.9 percent and the S&P BSE SmallCap index tumbled 1 percent.
Gold Silver Reports (GSR) – Karnataka Election 2018 Exit Polls Predict Split Verdict With BJP In The Lead – The poll of exit polls say the BJP will get 100 seats and the Congress 90 seats – considerably below the 113 needed for majority for the 222 seats on which elections were held today. It gives 30 seats to the JD(S). The counting of votes will take place on Tuesday.