It Seems Like Things Are Actually Cooling Down Between Israel and Iran
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A man walks past a banner depicting missiles along a street in Tehran, Iran, on Friday. AFP/Getty Images |
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A man walks past a banner depicting missiles along a street in Tehran, Iran, on Friday. AFP/Getty Images |
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Since former President Donald J. Trump’s company, Trump Media & Technology, began trading, its shares have fallen by about 60 percent.Credit...Michelle Gustafson for The New York Times |
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Andrew Spear/Getty ImagesThe aftermath of tornados that came through the region in Indian Lake |
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ABC NewsSevere risk forecast for Sunday evening. |
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ABC NewsSevere weather outbreak forecast for Monday and Tuesday. |
custom model, says Andy Thurai, an analyst at Constellation Research. “While implementing either solution, companies need to think about governance, liability, security, privacy, ethical and responsible use and compliance of such implementations,” Thurai said. And none of that is trivial.
Executives, IT pros, developers and others who went to GCN this week might have gone looking for what’s coming next from Google Cloud. But if they didn’t go looking for AI, or they are simply not ready as an organization, they may have come away from Sin City a little shell-shocked by Google’s full concentration on AI. It could be a long time before organizations lacking digital sophistication can take full advantage of these technologies, beyond the more-packaged solutions being offered by Google and other vendors.
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A special Vande Bharat train will run from Chennai Egmore to Nagercoil on Fridays, Saturdays, and Sundays of this month for the convenience of passengers |
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Seven aid workers were killed in three drone strikes on a convoy of vehicles |
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The seven workers killed in the strike were citizens from Australia, Britain, Poland, a Palestinians and a dual citizen of the United States and Canada.
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People inspect the site where World Central Kitchen workers were killed in Deir al-Balah, Gaza Strip, |
In Short
🔸Seven killed in Israeli strike at food charity in Gaza
🔸Israeli PM laments killings, but says it 'happens in war'
🔸Countries, including Poland, Spain, the UK, react strongly
Seven people working for the World Central Kitchen aid group in Gaza were killed in an Israeli airstrike on Tuesday. Three of them were British nationals, one Australian, one from Poland, one Palestinian and one dual citizen of the United States and Canada.
Israeli Prime Minister Benjamin Netanyahu lamented the killing of the NGO workers calling the incident "tragic and unintended". However, he also said this "happens in wartime".
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Byju's layoffs: The company is also not asking employees to serve a notice period, the report claimed. |
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Arvind Kejriwal leaves in a car after attending a hearing at a court, in New Delhi. |
Nifty 50, Sensex hit fresh all-time high; why is Indian stock market gaining today?- Explained
Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Tuesday.
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Stock market today: Sensex, Nifty hit their fresh all-time highs on Tuesday. |
Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues.
The Sensex opened at 73,968.62 against the previous close of 73,651.35 and rose about 0.82 per cent to hit its fresh all-time high of 74,254.62 within the first two hours of trade.
The Nifty 50 opened at 22,455 against the previous close of 22,326.90 and jumped 0.90 per cent to hit its new record high of 22,529.95 in the morning session.
Mid and smallcap segments saw even stronger gains. The BSE Midcap index rose over 1 per cent while the Smallcap index jumped over 2 per cent in the morning session of trade.
The overall market capitalisation of the firms listed on the BSE rose to over ₹392 lakh crore from nearly ₹387 lakh crore in the previous session.
Why is the Indian stock market gaining today?
Experts point out that the undercurrent of the market is positive due to the strong prospects of the Indian economy. Moreover, expectations of rate cuts starting in the coming months are also underpinning market sentiment. Investors are buying Indian stocks after the recent correction as they remain positive about the Indian stock market for the medium to long term.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services underscored that the undertone of the market is bullish and there is momentum in the market.
"The market has been showing signs of consolidation but the spurt in Nifty by 322 points on the last 2two trading days indicates that the upward momentum can be sustained," said Vijayakumar.
Vijayakumar highlighted that some mutual funds are reported to have started restricting redemptions from the smallcap schemes due to concerns over frothy valuation in this segment which could result in higher flows of funds into the largecaps. This would lift the large caps.
According to brokerage firm ICICI Direct, the Nifty 50 may continue to trade with a positive bias and immediate support for the index can be near 22,000.
The brokerage firm expects the index to endure its northbound journey and gradually head towards 22,700 in the coming weeks.
"Empirically, in General Election year, the index has a tendency to bottom out in the first quarter of the calendar year, followed by a rally (minimum 14 per cent rally from lows) towards the General Election outcome in each of seven instances over past three decades," said ICICI Direct.
"In the current scenario, we expect the index to maintain the same rhythm as the index has already undergone a corrective phase in the first quarter and formed a higher base. Thereby, setting the stage for the next leg of a bull rally towards 23,400 by the election outcome. In the process, 21,900 would act as immediate support which we expect to hold," said the brokerage firm.
The Sensex and the Nifty 50 witnessed impressive gains of 29 per cent and 25 per cent, respectively, in the last financial year (FY24). Experts are optimistic that these indices could continue to record robust growth in the new financial year, despite ongoing challenges.
Also Read: FY25 Outlook: Can Nifty 50 repeat the feat of FY24? 5 crucial challenges that loom
“Considering the consistent earnings growth and an easing interest rate environment, the Nifty 50 may deliver a healthy double-digit return in the low to mid-teens," Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS, told Mint.
Also Read: Expert view: Nifty 50 may give a double-digit return in FY25: Naveen Kulkarni of Axis Securities PMS
Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects FY25 to be driven by sustained corporate earnings growth, policy continuity and a favourable geopolitical landscape and any disappointment on these fronts may have negative ramifications on the market.
Also Read: Expert view: Corporate earnings growth, geopolitical stability key triggers for FY25, says Niraj Kumar
Read all market-related news here
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Turkey local elections: Opposition claims big city wins in blow to Erdogan
Istanbul Mayor Ekrem Imamoglu hails victory in blow to Turkish president’s standing after two decades in power.
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Turkey's Republican People’s Party claimed victory in 36 of Turkey's 81 provinces in local elections, according to state-run Anadolu Agency |
Turkey’s main opposition party has claimed victory in Istanbul and Ankara in local elections, inflicting the biggest defeat on President Recep Tayyip Erdogan and his Justice and Development Party (AK Party) in more than two decades.
With more than 95 percent of ballot boxes opened in Istanbul on Sunday, Mayor Ekrem Imamoglu of the Republican People’s Party (CHP) said he had defeated the governing AK Party candidate by more than one million votes.
“Those who do not understand the nation’s message will eventually lose,” Imamoglu, a former businessman, told thousands of supporters late on Sunday.
KEEP READING
What shapes Turkey’s municipal elections?
🔸Turkey votes in local elections in test of Erdogan’s popularity
🔸Turkey’s opposition in electoral battle to keep hold of major cities
🔸Tonight, 16 million Istanbul citizens sent a message to both our rivals and the president.
In the capital, Ankara, CHP’s Mayor Mansur Yavas claimed victory over his rival, hailing the result as a “clear message to those who rule this country”.
The CHP was also ahead in Izmir, Turkey’s third city.
In total, CHP prevailed in 36 of Turkey’s 81 provinces, state-run Anadolu Agency reported, making inroads into many AK Party strongholds.
Opposition supporters gathered in Istanbul to celebrate the results, with tens of thousands of people lighting torches and waving Turkish flags.
In a speech delivered from the balcony of the presidential palace, Erdogan, who has governed Turkey since 2002, acknowledged that his party had “lost altitude” across the country and said he would self-reflect and rectify any mistakes.
“We will correct our mistakes and redress our shortcomings,” he said.
In previous local elections in 2019, Imamoglu won Istanbul’s mayoral race, dealing Erdogan and the AK Party their biggest electoral blow until that point. That defeat also struck a personal note for Erdogan, who was born and raised in the city and served as its mayor in the 1990s.
Sunday’s local elections represent a new blow to the president who had set his sights on retaking control of those urban areas.
Some 61 million people were eligible to vote for mayors across Turkey’s 81 provinces as well as provincial council members and other local officials on Sunday.
The nationwide local elections were seen by analysts and civilians as a gauge of both Erdogan’s support and the opposition’s durability amid skyrocketing inflation and the crumbling of the Turkish currency against the dollar.
Sinan Ulgen, director of the Istanbul-based Edam think tank, told The Associated Press news agency that “the surprising outcome” was the result of voters wanting to punish the governing party over the state of the economy and described the elections as a “watershed for Imamoglu”.
“He will emerge as the natural candidate of the opposition for the next round of presidential elections,” Ulgen said.
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