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BusinessPhoto: ET MarketsSBI Securities’ Sudeep Shah expects Indian equities to remain weak due to FII positioning, rising volatility, and technical indicators signaling further pressure. He highlights key Nifty support and resistance levels and notes the IT sector as relatively stronger amid the downturn. The market outlook suggests continued caution for the coming week.
ET Markets·
WorldPhoto: Firstpost WorldSaudi Arabia intercepted 10 ballistic missiles fired by Yemen's Houthi rebels targeting its southern region. The Saudi-led coalition also intercepted a missile and drones aimed at Riyadh and a cruise missile near Khamis Mushait. Emergency alerts were issued for Riyadh, Abha, and Khamis Mushait before the threat passed. The attacks coincided with Riyadh's King Khalid International Airport preparing to reopen after a deadly strike. Houthis warned airlines against using the airport, calling it a military target amid escalating regional tensions involving the US, Israel, and Iran.
Firstpost World··Riyadh
TechnologyPhoto: Aaj TakIndia is preparing to launch its first bullet train by 2027, with construction progressing rapidly. A station in Mumbai is being built 100 feet underground, and a 7-kilometer-long undersea tunnel is being constructed for the train's route. The 508 km high-speed track will connect Ahmedabad and Mumbai, with the first service expected in the last quarter of 2027, according to Railway Minister Ashwini Vaishnaw.
Aaj Tak··Mumbai
PoliticsPhoto: Hindustan TimesRahul Gandhi, Leader of Opposition in Lok Sabha, is expected to appear before a Special MP/MLA Court in Sultanpur, Uttar Pradesh, on October 26. The court will pronounce its verdict in a defamation case against him related to derogatory remarks made against Union Home Minister Amit Shah in 2018. The case was filed by BJP's then District Vice President Vijay Mishra.
Hindustan Times··Sultanpur
HealthPhoto: NDTV BusinessMumbai's air quality has deteriorated, with increased smog caused by road dust, vehicle emissions, and industrial activities. The city's hazy skyline has raised concerns about pollution sources and the effectiveness of monitoring and enforcement of pollution control measures. Authorities face scrutiny as residents experience worsening air pollution conditions.
NDTV Business··Mumbai
PoliticsPhoto: The HinduPrime Minister Narendra Modi attended the final day of a three-day Indian Air Force air show in Varanasi. The event commemorated the 94th anniversary of the Indian Air Force. Defence Minister Rajnath Singh, Uttar Pradesh Governor Anandiben Patel, and Chief Minister Yogi Adityanath also accompanied Modi during the event.
The Hindu··Varanasi
ET Markets·
Photo: ET MarketsSBI Securities’ Sudeep Shah expects Indian equities to remain weak due to FII positioning, rising volatility, and technical indicators signaling further pressure. He highlights key Nifty support and resistance levels and notes the IT sector as relatively stronger amid the downturn. The market outlook suggests continued caution for the coming week.
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