Vice Admiral Sanjay Bhalla assumed the charge as the Chief of Personnel of the Indian Navy on Friday. The Ministry of Defence (MoD) said that he was commissioned in the Indian Navy on January 1, 1989. In a career spanning 35 years, he has held several specialists, staff and operational appointments, both afloat and ashore.

The Delhi High Court has observed the serious implications of transferring court cases without substantial reasons, saying that such transfers can cast doubts on the impartiality and integrity of the judicial officers involved and may even harm their careers permanently.

Indian stock indices are in green on Friday, after a range-bound opening. At 9:50 a.m., Sensex was up by 466 points, or 0.64 per cent at 72,871 points, and Nifty was up by 138 points, or 0.64 per cent at 22,096 points. Compared to the largecap, midcap, and smallcap indices are underperforming. Nifty Midcap 100 is down 2.10 points at 49,107, and Nifty Smallcap 100 is down 3.90 points at 15,991. The Indian Volatility Index (India VIX) is down nearly 1 per cent at 18 points.

The Sensex fell by more than 1,000 points, while the Nifty slid below the 22,000 mark on Thursday amid heavy selling pressure and weak Q4 results by top firms. At close, the Sensex was down 1,062 points, or 1.33 per cent, at 72,404, while the Nifty fell 345 points, or 1.55 per cent, to 21,957. Investors' wealth eroded by around Rs 7 lakh crore after the mayhem in the stock market on Thursday.

Sensex and Nifty extended their morning session losses. Till 1:30 PM, the majority of the Indices were red as Sensex was down 802 points or 1.05 per cent at 72,664 points while Nifty was down 261 points or 1.17 per cent at 22,041 points. Pressure was observed from the midcap and smallcap indices. The Nifty Small Cap 100 index was down 318 points, or 1.94 per cent at 16,142 points, and the Nifty Midcap was down 592 points, or 1.18 per cent, at 49,444 points.

Indian benchmark indices were down on Thursday, following mixed trading among global peers. After a flat opening, Sensex was down 232 points or 0.32 per cent at 73,245 points, and Nifty was down 44 points or 0.20 per cent at 22,257 points. In early trade, the Nifty Auto, PSU, Realty, and Private Banks indices are showing signs of buying. There is pressure on the IT, Pharma, FMCG, Metal, Fin service, and Energy indices.

The Supreme Court has said that elected members of municipalities cannot be removed at the whims and fancies of the civil servants or their political masters only because some of such elected members are found to be inconvenient within the system. Observing that a municipality is an institution of "grass-root level democracy", a bench presided over by Justice Surya Kant stressed that the elected representatives of a municipality deserve due respect and autonomy in their day-to-day functioning.

NSE and BSE will hold a special live session on May 18 to perform intra-day switch-over to their respective disaster recovery site. Stock exchanges informed their trading members that a special live trading session is scheduled on Saturday, 18th May 2024 together with participating MIIs -- BSE, NSE, ICCL, NCL, CDSL, NSDL, and MSEI. During this special live trading session, mentioned MIIs will perform intra-day switch-over to their respective Disaster recovery site.

Sensex fell by 300 points on Wednesday as the selloff in equities continues. Indian equities continued to sell off for the fourth consecutive session on Wednesday. BSE Sensex was trading at 73,201 points, down by 309 points. Benchmark indices have closed in the red for three sessions in a row. Indian markets are in a downward spiral on account of massive FII selling and rising volatility. FIIs sold equities worth Rs 3668 crore on Tuesday. India’s volatility index has spiked in the last few days.

The Supreme Court bench, which initially decided to pronounce its judgement on Tuesday on the interim bail plea of incarcerated Delhi Chief Minister Arvind Kejriwal in the excise policy case, will most likely take up the matter again on May 9 or the next week. A bench of Justices Sanjiv Khanna and Dipankar Datta was hearing CM Kejriwal's petition challenging his arrest by the Enforcement Directorate (ED) in the case.