Omar Abdullah has been sworn in as the Chief Minister of Jammu and Kashmir, marking the first government since the abrogation of Article 370. Leaders, including Mehbooba Mufti and BJP’s Ravinder Raina, highlighted the pressing issues such as unemployment, drug addiction, and electricity shortages that need addressing.
4 sectors Rohit Srivastava is bullish on for near term (16-10-2024)
You have made two tops so far close to around 25,200. So, getting past 25,200 would set the stage for moving towards 25,673, which is again a 61% retracement of the entire fall that we saw in late September to early October, so that is the setup right now.
Share price of Bajaj Holdings falls as Sensex drops 231.25 points (16-10-2024)
A total of 599 shares changed hands on the counter till 01:22PM (IST)
M&M, Mahanagar Gas among 5 stocks with short buildup (16-10-2024)
A short buildup occurs when there is an increase in open interest and trading volumes, along with a decline in the price of the underlying stock in the Futures and Options segment.
South Indian Bank up 5% after Q2 profit climbs 18% YoY; check details here (16-10-2024)
The up move in South Indian Bank share price came after the lender announced a strong set of September quarter of financial year 2025 (Q2FY25) results.
Colgate-Palmolive shares gain 0.12% as Sensex falls (16-10-2024)
A total of 2,070 shares changed hands on the counter till 01:18PM (IST)
Pound slumps under $1.30 mark as UK inflation slides below BoE target for first time in over 3 years (16-10-2024)
The Great Britain pound slumped on Wednesday below $1.30 mark after data from UK showed slower than expected inflation. UK annual Consumer Price Index (CPI) increased by 1.7% in September from 2.2% in August and below the estimated growth of 1.9%, moving back under the Bank of Englands (BoE) 2.0% target for the first time in over three years, according to the data released by the Office for National Statistics (ONS) on Wednesday. Core CPI (excluding volatile food and energy items) advanced by 3.2% in September, compared to a 3.6% rise in August. Pound fell sharply following the data and is currently down over half a percent at $1.2992. Meanwhile, dollar index that measures the greenback against a basket of currencies is holding firmly above 103 mark, adding pressure on basket currencies.