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BusinessOn October 7, the US stock market closed at record highs with gains in Dow Jones, S&P 500, and Nasdaq. However, Asian markets, including Japan and South Korea, showed weakness. Nifty opened 51 points lower, signaling a weak start after Sensex and Nifty rose for two consecutive days. Crude oil prices rose by 0.92%. Markets await RBI MPC's decision today.
News18Hi Business·
WorldHouthis aligned with Iran launched two missiles targeting Aden's international airport in Yemen early Wednesday, with no casualties reported. The attack follows renewed fighting after Houthi advances on Yemen's Red Sea coast and a Saudi-backed counteroffensive near Bab al-Mandab Strait. The Saudi-led coalition intercepted a Houthi missile aimed at Khamis Mushait. Houthi TV reported Saudi strikes in Ibb and Taiz governorates.
Firstpost World··Aden
BusinessYouth in Meerut interested in starting a career in crockery or bakery can now apply to the State Food Science Training Center. The Uttar Pradesh government has initiated a training program to provide better skills for those aiming to start their own restaurant or bakery business. The application process for this training has begun, offering opportunities for self-employment.
News18 Hindi··Meerut
BusinessThe stock market is expected to open lower with the BSE Sensex down 400 points and NSE Nifty50 near 22,600 ahead of the Reserve Bank of India's anticipated 25 basis points rate hike, the first since February 2023. Inflation pressures linked to the Middle East conflict and rising oil prices are influencing global rate decisions. Analysts expect the RBI to shift from a neutral stance to tightening, impacting rate-sensitive sectors and non-bank lenders.
TOI Business·
BusinessOn October 7, Indian benchmark indices opened lower ahead of the RBI monetary policy decision. The BSE Sensex fell 446.56 points (0.61%) to 72,621.25, and the Nifty 50 declined 156.20 points (0.69%) to 22,619.90. Sectoral losses included Consumer Durables (-1.49%) and Auto (-1.12%). Market volatility rose with India VIX up 3.63% to 14.10, reflecting cautious investor sentiment.
News18 Business·
EntertainmentA fire broke out on October 5 at the set of Colors' reality show Pati Patni Aur Panga Season 2 in Mumbai's Film City, raising concerns over fire safety. The All Indian Cine Workers Association (AICWA) has urged Maharashtra CM Devendra Fadnavis for a high-level inquiry, FIR, fire safety audits, and the resignation of Film City's MD. The blaze also affected the adjoining MTV Hustle set and disrupted production.
HT Entertainment··Mumbai
News18Hi Business·
On October 7, the US stock market closed at record highs with gains in Dow Jones, S&P 500, and Nasdaq. However, Asian markets, including Japan and South Korea, showed weakness. Nifty opened 51 points lower, signaling a weak start after Sensex and Nifty rose for two consecutive days. Crude oil prices rose by 0.92%. Markets await RBI MPC's decision today.
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