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Nifty paused after six consecutive gains, slipping below 26,000. Market expert CA Rudramurthy BV sees this as short-term consolidation, with the broader trend remaining strong. He anticipates sector rotation, particularly into IT, PSU banks, metals, and new-age platforms, to fuel further upside.
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News and Media
New U.S. sanctions on Russian oil giants are impacting global energy markets, with India facing supply challenges. Analyst Geoff Dennis sees potential for easing U.S.-China trade tensions following a meeting between Trump and Xi, favoring equities, particularly in emerging markets like India, despite recent underperformance.
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News and Media
Today, voters in Ireland go to the polls to elect a new president, with independent candidate Catherine Connolly leading the charge. Her competitor, Heather Humphreys from the Fine Gael party, is keen to leverage her extensive governmental background. While the presidential role is symbolic, Connolly has garnered substantial backing from left-leaning factions, presenting a spirited challenge.
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News and Media
The United States faces challenges in its sanctions against Russia. While aiming to cut Russia's oil revenue, a key lifeline, the US continues to source materials like fertilizers and nuclear components. Experts believe a comprehensive, joint effort might succeed this time. Both Russia and Ukraine need an exit from the conflict. The situation is impacting the global economy.
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News and Media
Border closures between Pakistan and Afghanistan following clashes have led to a sharp increase in essential goods prices, particularly tomatoes and fruits. Trade has halted, causing significant daily losses for both nations. Talks are scheduled for October 25 in Istanbul to address the ongoing situation.
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News and Media