Gold, housing plays take a hit as PM Modi's austerity pitch rattles consumer-facing stocks
Prime Minister Narendra Modi's recent advice to work from home to reduce fuel consumption sparked a market reaction, impacting sectors like jewellery and real estate. Titan Company Limited, Kalyan Jewellers India Limited, and Senco Gold Limited saw significant declines in their share prices during intraday trading. Analysts suggest the selloff is driven by sentiment rather than structural demand concerns, as gold remains expensive and crude oil prices remain high.
20 MAY 2026
— The Hindu
Congress leaders criticized the Modi government's economic policies, citing rising inflation, unemployment, and foreign exchange reserves decline as evidence of mismanagement.
— The Hindu
Deputy Chief Minister D.K. Shivakumar challenged BJP leaders to adopt daily public transportation use, questioning their sincerity.
23 MAY 2026
— The Hindu
Congress leaders sharply criticized the government's handling of rising fuel prices, accusing it of consumer exploitation and lack of transparency.
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