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In the most anticipated showdown of the 2026 West Bengal Assembly Elections, Chief Minister Mamata Banerjee faces a fierce challenge from her former ally turned rival, Suvendu Adhikari, in her home bastion of Bhabanipur. While the TMC holds a psychological edge following the defection of the lone BJP councilor from Ward 73, Adhikari is banking on the Special Intensive Revision (SIR) drive, which saw over 44,000 names deleted or flagged for discrepancy. With the BJP having narrowed the TMC’s lead to just 8,297 votes in the 2024 Lok Sabha polls, the saffron camp is eyeing a historic upset. However, Banerjee—the “girl next door” who won by over 58,000 votes in 2021—has launched an intimate, three-pronged campaign to reaffirm her bond with the constituency’s diverse Hindu, Sikh, and Gujarati communities before the crucial April 29 vote

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Indian equity markets succumbed to heavy selling on Wednesday as the NSE Nifty 50 dropped nearly 200 points to settle at 24,378.10, led by a brutal 3% meltdown in the IT sector. A pessimistic revenue guidance from HCL Technologies triggered a wave of profit-taking across tech majors, while global crude prices flirting with $100 per barrel added to the inflationary gloom. Despite U.S. President Donald Trump extending an indefinite ceasefire with Iran, geopolitical “wobbliness” and news of potential Chinese military shipments to Tehran kept the risk premium high. While broader markets showed some resilience through solar and realty gains, the headline indices remained under pressure from a “higher-for-longer” interest rate outlook and weakening global discretionary demand.

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