Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
All schools and colleges will be closed in Bengaluru on Tuesday following a "Bengaluru Bandh" call given by various organisations, said Deputy Commissioner and District Magistrate Dayananda K.A. in a statement.
According to reports, various organisations, including farmers and pro-Kannada groups, have called for Bengaluru bandh from 6 am to 6 pm on September 26 following their protest against the contentious release of the Cauvery river water to Tamil Nadu from Karnataka.
Bandh will cause disruption to normal life in the city, with schools, colleges, government offices, banks, ATMs, public and private transport, shops, commercial establishments, and restaurants and hotels expected to be closed.
However, essential services such as hospitals, nursing homes, medical shops, emergency services, petrol pumps, water supply, electricity, and sanitation services are expected to remain open.
While concerning the law and order situation in the city heavy deployment of police will be made and section Section 144 has been enforced.
"Today addressing press, @CPBlr has reiterated that no bundh/protests/processions are allowed as per Supreme Court/High Court instructions. Section 144 enforced citywide - gatherings of more than 5 people not permitted. Dial 112 for any help. Additional police will be deployed for maintaining law and order," said Bengaluru City Police in a post on 'X'.
Meanwhile, amid the ongoing Cauvery river water sharing dispute with Tamil Nadu, Janata Dal-Secular (JDS) MP HD Deve Gowda on Monday in a letter to Prime Minister Narendra Modi requested for a team of experts to study the water and standing crop situation in Karnataka.
"I have made an appeal to the PM on the prevailing situation. In my letter to the PM, I wrote that the Jal Shakti department should file a review petition and a committee of experts should be sent to Karnataka to study the water and standing crop situation. I requested the same to the Vice President of the country," the ex-PM said in a joint press briefing with JD(S) leader and former CM HD Kumaraswamy.
The JD(S) supremo further said that his party is here 'to save the people' of the state. "I don't want to speak on alliance and other issues at present. I'm only speaking pertaining to Cauvery. I don't want to say anything related to bandh called tomorrow. I'm alive not for politics or power. We are here to save the people of the state. My party exists for this. I was crying when I was speaking in parliament about Cauvery," he added.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/dqLrAt9
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