IBTimes

Indian stock markets witnessed sharp losses as elevated crude oil prices heightened concerns over inflation, economic growth and corporate costs. Rising oil prices amid geopolitical tensions in the Middle East weighed on investor sentiment, putting pressure on benchmark indices Sensex and Nifty.

The public issue was subscribed more than 22 times, with institutional investors leading the demand, according to data from the BSE. The qualified institutional portion was subscribed 70.55 times, while retail investors subscribed 2.72 times.

Protests erupted at the National Conference headquarters after veteran leader Mubarak Gul was left out of the Jammu and Kashmir Cabinet expansion. His supporters heckled newly inducted minister Ali Mohammad Sagar, prompting party president Farooq Abdullah to appoint Gul as general secretary. Meanwhile, NC MLA Abdul Majeed Larvi also expressed disappointment over his exclusion, questioning the selection of Altaf Ahmad Kalloo and asserting that his seniority and loyalty made him deserving of a min

A proposal to introduce coordinated themes for Friday sermons at mosques and shrines across Jammu and Kashmir has triggered controversy with Chief Minister Omar Abdullah, PDP president Mehbooba Mufti and Mirwaiz Umar Farooq opposing the reported move, alleging interference in religious affairs.