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Nifty's short-term trend is strongly bullish after Friday's significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target, based on Fibonacci extension, is around 26,250. Immediate support is at 25,650, according to Nagaraj Shetti of HDFC Securities.
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Scientists in South Africa have identified an outbreak of rabies in Cape fur seals, marking the first time the virus has spread among sea mammals. The virus is believed to have been transmitted from jackals in Namibia. Authorities are investigating how to contain the outbreak and prevent further spread.
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Approximately 32 mutual fund houses held investments in Vodafone Idea. In August, 17 of these houses increased their shareholdings, 10 decreased them, and 5 maintained their positions. Kotak Mutual Fund led with the largest holding valued at Rs 741.76 crore, followed by ICICI Prudential Mutual Fund at Rs 726.28 crore.
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