Stock Markets Bleed, SC Flags Drug Overpricing, Govt Eyes New Air Routes
The Business Today Show reviews volatile market activity as benchmark indices Sensex and Nifty rebounded from intraday lows following a severe sell-off. Key corporate developments, including declines in Tata Group shares following merger proposals and crude oil supply concerns, impacted market sentiment. The Supreme Court questioned excessive pricing of essential medicines at corporate hospitals, noting huge markups between retailer prices and bills presented to patients, seeking a uniform sixteen percent cap. Meanwhile, India explores alternative Westbound flight paths involving China and Bhutan to circumvent Pakistan's airspace ban. ONGC Videsh prepares to resume operations in Venezuela's San Cristobal field, subject to gazette notification. Market analysts Sharad Bassi and Dinshaw Irani provided perspectives on market valuations, crude movements, and investment strategies ahead of the festive season.
