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BusinessNifty rebounded after its longest weekly losing streak in 25 years, but technical indicators suggest the broader downtrend remains intact. The index is near key support at 21,743–22,182, with immediate resistance at 22,550–22,600. A break below support could expose Nifty to levels of 19,000 and 16,700, indicating continued market pain.
ET Markets·
BusinessThe Indian Vegetable Oil Producers Association has urged companies to lower retail prices following recent government duty cuts. These reductions aim to ease consumer costs during the upcoming festive season when demand typically rises. Companies must submit weekly retail prices to maintain market transparency. Global price volatility has impacted domestic edible oil prices, adding to inflation pressures on consumers.
Economic Times·
PoliticsChief Minister Dr. Mohan Yadav attended the Tendu Leaf Bonus and Timber Dividend Distribution Programme held in Harsud, Khandwa district. The event focused on distributing bonuses and dividends related to tendu leaf collection and timber, supporting local workers and stakeholders in the region.
Deccan Herald··Harsud
BusinessThe Indian stock market opened strong on Monday due to improved global sentiment, with the Nifty index rising to 22,621.80 points. However, selling pressure increased during the session, causing the index to slip below 22,400 points. HDFC Bank shares also saw a significant decline amid the market downturn.
Aaj Tak·
EntertainmentBollywood actor Anupam Kher, a fan of Hollywood legend Robert De Niro, met him again during his trip to the United States. Known for their friendship, Kher cherishes these meetings with his favorite hero and dear friend.
Amar Entertainment·
BusinessIndian consumers are favoring ready-to-drink (RTD) alcoholic beverages with a stronger kick, preferring drinks closer to traditional spirits. This trend contrasts with global alcohol companies shifting towards lighter, lower-alcohol-by-volume (ABV) options like hard seltzers. The preference highlights a unique market trend in India amid changing global drinking habits.
Mint Companies·
ET Markets·
Nifty rebounded after its longest weekly losing streak in 25 years, but technical indicators suggest the broader downtrend remains intact. The index is near key support at 21,743–22,182, with immediate resistance at 22,550–22,600. A break below support could expose Nifty to levels of 19,000 and 16,700, indicating continued market pain.
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