Gold prices rose Rs 200 to Rs 81,300 per 10 grams in the national capital on Tuesday amid fresh buying by local jewellers and retailers and strong global trends, according to the All India Sarafa Association.
Sadhus and priests in Delhi held a hawan (prayer ceremony) to pray for Donald Trump's victory in the US presidential elections. Videos circulating on social media show them chanting slogans in support of Trump and applying vermillion to his photos. A poster at the event urged people to vote for Trump to 'save Hindus'.
Nifty ended Tuesday's session 218 points higher, forming a Piercing Line candle. The underlying short-term trend is on the verge of reversal. A move above 24500 could trigger a fresh upmove. However, a decline below 23900-2400 could indicate further weakness. Analysts suggest a buy-on-dips strategy above 24000, with resistance at 24,500-24,800.
Addressing a rally in Ranchi, Congress president Mallikarjun Kharge accused the BJP of plotting to seize power in Jharkhand and imprison Chief Minister Hemant Soren. Kharge criticized the BJP's alleged "divide and conquer" strategy, referencing Uttar Pradesh CM Yogi Adityanath's controversial "batenge toh katenge" remark.
India and Kazakhstan have partnered to establish IREUK Titanium Limited. The joint venture will produce Titanium Slag in India. This marks India's first such venture in Central Asia. The company will process low-grade Ilmenite into high-grade titanium feedstock. This initiative aims to develop the titanium value chain within India and create employment opportunities in Odisha.
BBMP's new e-khata system, intended to streamline property registration in Bengaluru, is facing criticism due to software glitches and a lack of support. Property owners are experiencing delays, data discrepancies, and difficulties in obtaining e-khatas, impacting property transactions and causing frustration among residents and overseas property owners.
The NSE Nifty index closed 217.96 points up at 24213.3
The 30-share BSE Sensex closed up 694.39 points at 79476.63
The CBI conducted searches at 16 locations across Jharkhand, West Bengal, and Bihar in connection with an illegal stone mining scam. The operation targeted premises associated with suspects, including alleged political aide of Jharkhand's Chief Minister, Pankaj Mishra. Recovered items include Rs 50 lakh in cash, one kilogram each of gold and silver, and property documents worth crores.
The Nifty Realty index closed 0.62 per cent at 985.60.
Nomura reports that festive consumption growth in India has halved to 15% this year, attributing the slowdown to weak demand in major cities and industrial areas. Despite steady demand in rural areas and smaller cities, overall festive sales growth has been mixed.
The Nifty Pharma index closed 0.1 per cent at 22661.25.
Funds raised will be used for further investment in technology and new feature launches like embedded insurance, gen-AI led recommendation engine and a healthcare marketplace. Qube is looking to raise about $9 million in its upcoming Series-A.
Kenko, founded in 2019, was trying to build a subscription-based health insurance product to protect its users against hospitalisation and outdoor treatment. The company, started by Sen and Dhiraj Goel, both seasoned insurance industry professionals, had raised around $13.7 million from large investors like Peak XV Partners, Orios Venture Partners and Beenext.
As Americans prepare to vote, many express dissatisfaction with the direction of the country under President Biden. Despite a strong economy, inflation and high-profile challenges like immigration and the overturning of Roe v. Wade have fueled discontent. Biden's efforts on climate change and racial justice have seen mixed results, while foreign policy has been dominated by international conflicts.
India is set to launch the European Space Agency's Proba-3 mission in early December from the Sriharikota spaceport. The mission, scheduled for December 4, will utilize ISRO's PSLV rocket to deploy two satellites into orbit. These satellites will study the Sun's corona, its outer atmosphere, by maintaining a precise formation to block the Sun's glare.
As the year ends, three altcoins, Pepe Unchained, FreeDUM Fighters, and Flockerz, are gaining attention for their unique approaches. Pepe Unchained offers a Layer-2 blockchain for memecoins, FreeDUM Fighters capitalizes on the US election hype with its PolitiFi coin, and Flockerz prioritizes community governance through a vote-to-earn model.
A storm is expected to bring rain to the Plains and Midwest early this week. While the rain is needed, there is a concern for flooding due to the potential for heavy downpours. Thunderstorms are also possible, with some areas potentially experiencing severe weather. The rain is expected to continue through Election Day, potentially impacting voters waiting in line.
The United States 2024 presidential election presents a historic crossroads: the potential for the first female president or the unprecedented scenario of a convicted felon assuming office. Kamala Harris, the current Vice President, stands as a potential history-maker, while former President Donald Trump faces multiple legal battles that could impact his eligibility and the integrity of the election.
Tesla CEO Elon Musk has confirmed the company scrapped plans for a $25,000 electric car for human drivers. Musk stated that such a vehicle would be "pointless" without full autonomy. Instead, Tesla will focus on its "Cybercab," a fully autonomous robotaxi with a projected price of $25,000, set to begin production in 2026.
Addressing a rally, 83-year-old politician Sharad Pawar hinted at retirement from parliamentary politics, stating that he might not seek another Rajya Sabha term after his current one ends. He emphasized the need to make way for new leadership and mentioned his decision to focus on bringing up the next generation of leaders.
The U.S. presidential election utilizes the Electoral College, where 270 out of 538 electoral votes are needed to win. Each state's electors are determined by its Congressional representation. This system, while aiming for representation, has resulted in winners losing the popular vote. Recent reforms aim to address vulnerabilities exposed in the 2020 election.
