The meeting between Bangladesh Chief Adviser Muhammad Yunus and BNP acting chairman Tarique Rahman in London has sparked controversy. Allies of the interim government, NCP and Jamaat-e-Islami, criticized Yunus for showing bias towards BNP. They expressed concerns about the fairness and neutrality of the upcoming election process, demanding focus on justice and reforms.
President Donald Trump's Friday executive order inches Nippon Steel one step closer to a planned investment in U.S. Steel, with the caveat that the Japanese company must follow a national security agreement submitted by the federal government.
The Nifty experienced a setback, failing to sustain a breakout from its month-long consolidation phase, closing with a weekly loss of 1.14%. Geopolitical tensions, particularly the Israel-Iran conflict, are expected to influence global equity markets, including India. Despite these uncertainties, the Indian market demonstrates resilience, remaining within the 24500-25100 range.
Amidst escalating geopolitical tensions, Indian markets faced a downturn, with the Nifty and Sensex both declining. Analyst Sudeep Shah suggests a cautious approach, highlighting crucial support levels for the Nifty at 24450 and resistance at 24900. He anticipates pressure on oil marketing and aviation sectors due to rising crude prices, while defense and IT sectors may outperform.
