The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
Eight terrorists who evaded the law for three decades have been arrested in Jammu and Kashmir, police said on Thursday. One among them had even landed a government job. The State Investigation Agency (SIA) and Criminal Investigation Department (CID) made the arrests in Doda district. Evading action, they were enjoying a normal life, police said. "Some of the terrorist absconders had managed to get government jobs and contracts. Others were found engaged in private businesses and even working in the court," said a spokesperson. They were facing charges of terrorism and disruptive activities, police said. The eight terrorists were identified as Adil Farooq Faridi, Mohd Iqbal alias Javed, Mujahid Hussain alias Nisar Ahmed, Tariq Hussain, Ishtiaq Ahmed, Ajaz Ahmed, Jameel Ahmed and Ishfaq Ahmed. While Faridi was working with the state education board in Jammu, Ishfaq was a writer in the Doda court complex. They will be produced before the anti-terrorism court in Jammu, polic...