Looking at the near-term structure, if we sustain below to 25,000 level, yes, possibly we could see furthermore supply pressure in the continuation of this down move.
Residents in Bishnupur and Imphal East districts of Manipur turned off their lights on Friday night after multiple drones were sighted. Earlier this week, militants used drones to drop bombs in Imphal West district. Security forces are on high alert, and several illumination rounds were fired in Bishnupur district, causing panic. The use of drones as weapons was first noticed on September 1 in Koutruk village, resulting in casualties and injuries.
Two coaches of the Indore-Jabalpur Overnight Express derailed near Jabalpur Railway Station in Madhya Pradesh early Saturday morning. The incident occurred around 150 meters from the platform, but no casualties or injuries were reported. Officials confirmed that all passengers are safe as the train was moving at a dead-stop speed. The cause of the derailment is still under investigation.
The Apple iPhone 16 series is set to launch soon, with significant upgrades and AI-powered features integrated with iOS 18. Prices vary across regions due to local taxes and duties. The USA is expected to offer the lowest price at $799. The series includes design enhancements, improved cameras, and better battery capacities.
The yen carry trade could be yet again responsible for an epic stock market chaos, that could easily stem from the fact that Japan's central bank is looking at raising interest rates. This same situation had disturbed the stock markets in early August, and the same could follow suit this month as well.
Assam police have uncovered a Rs 2,200 crore stock market scam involving a 22-year-old who duped citizens with false promises of high returns. Edelweiss Mutual Fund CEO Radhika Gupta advises sticking to 'dal-chawal' investing for steady returns. Assam CM Himanta Biswa Sarma urges caution against deceptive brokers and unauthorized apps.
All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.
The CBI has alleged that Chief Minister Arvind Kejriwal was involved in a criminal conspiracy related to the Delhi Excise Policy. The agency claims Kejriwal demanded monetary support for AAP and facilitated illegal payments through associates. The policy, which was later scrapped due to corruption allegations, reportedly resulted in significant financial losses to the exchequer. The Supreme Court's verdict on Kejriwal's arrest is awaited.
In the MSCI Standard Index, which focuses on large and mid-cap companies, China retains the top weight at 24%, with India following at around 20%. India reclaimed the second spot in the index last November, overtaking Taiwan.
On Vi, it maintained its sell rating, while raising the price target to ₹2.5 from ₹2.2, implying a downside of 81.4% from Friday's closing of ₹13.43. Vodafone shares plunged 11% on Friday.
Governor Bose referred the Aparajita bill to President Murmu after receiving the mandatory technical report from the Government of West Bengal. However, Raj Bhavan has also expressed its displeasure over the failure of the Assembly secretariat to provide the text of the debates and its translation as required under the rules, Raj Bhavan Media Cell stated on X.
Both these funds were linked to the Adani Group in the January 2023 Hindenburg report. These funds have sought time till March 31, 2025, to comply with Sebi's new foreign portfolio investors (FPI) concentration norms to unwind their portfolios.
PM Modi is scheduled to travel to New York later this month and address a mega community event on September 22 at the 16,000-seater Nassau Veterans Memorial Coliseum in Long Island. He will also address the UN's landmark 'Summit of the Future' that is being convened at the world body's headquarters on September 22 and 23.
Seven people were injured when a Scoot flight from Singapore to Guangzhou encountered turbulence. The Boeing 787-9 Dreamliner landed safely at 9.10 am local time. Four passengers and three crew members received medical assistance, with one passenger hospitalized for further observation. Scoot emphasized its commitment to the welfare of passengers and crew, providing necessary support. Flight data showed the plane experienced a sudden drop in altitude and speed before stabilizing.
Samir Modi was sacked from the company's board recently. Shareholders have not voted him back. They approved the appointment of his sister Charu Modi to the company's board.
The UN investigator on the right to food accused Israel of conducting a 'starvation campaign' against Palestinians in Gaza, following Hamas' attack on southern Israel. Israel's Prime Minister Netanyahu denied these claims, calling them 'outrageously false.' Despite international pressure, limited aid has reached Gaza. The UN reports severe food shortages affecting over 1 million Palestinians, attributing the crisis to hostilities and Israeli restrictions.
At least 13 Palestinians were killed and 15 wounded in Israeli strikes on a school sheltering refugees and a residential building in Gaza, according to WAFA. The Israeli army stated it targeted terrorists operating within a Hamas command center at the school. The conflict, ignited last October by Hamas-led militants' attack on Israel, has resulted in significant casualties and displacement in Gaza.
Britain's Competition and Markets Authority said that the US company gives preference to its own services to the detriment of online publishers and advertisers in Britain's 1.8 billion pound (USD 2.4 billion) digital ad market.
US Presidential Election 2024: Former Vice President Dick Cheney announced he will vote for Democratic candidate Kamala Harris over Donald Trump in the upcoming U.S. elections. This follows a similar statement by his daughter, Liz Cheney. The move highlights growing Republican dissent against Trump, with some prominent figures supporting Harris instead.
The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.
Olympian wrestlers Bajrang Punia and Vinesh Phogat have joined Congress, marking a significant boost for the party ahead of Haryana assembly elections. Bajrang Punia has been appointed working president of the All India Kisan Congress, while Vinesh Phogat will contest from Julana. Haryana BJP president Mohan Lal Badoli emphasized that players are the pride of the country.
A Vistara Airlines flight from Mumbai to Frankfurt made an emergency landing in Erzurum, Turkey, due to a bomb threat. Turkish officials found a note in the lavatory, prompting a search and evacuation of 234 passengers and 13 crew members. The threat was later confirmed as false. An alternate aircraft will be sent to take passengers to Frankfurt.
Hindus for America First, a new grassroots organisation, has endorsed Donald Trump for the 2024 presidential election and plans to campaign against Kamala Harris in key battleground states. The group's chairman, Utsav Sanduja, argues that Harris would destabilise Indo-US relations and criticises her stance on immigration. Sanduja praises Trump's pro-India policies and his efforts to address Hindu persecution globally.
