BJP Slams Rahul Gandhi, Congress Amid CJP Protest Crackdown In Delhi: 'India Is Not A Banana Republic’
A governance development with market-wide reach.
· NDTV Profit
The BJP defended the Election Commission and SIR exercise as Ravi Shankar Prasad criticised Rahul Gandhi and Congress over protests demanding Chief Election Commissioner Gyanesh Kumar's resignation.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.
Market context
- The immediate tone of coverage reads negative.