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. ...
Russian President Vladimir Putin said Friday that Moscow would carry out more tests of the hypersonic Oreshnik ballistic missile in "combat conditions," a day after firing one on Ukraine.
"We will continue these tests, including in combat conditions, depending on the situation and character of the security threats posted to Russia," Putin said in a televised meeting with military chiefs.
Russia fired the new-generation missile at the Ukrainian city of Dnipro early on Thursday in a major escalation of the weaponry being deployed in the nearly three-year conflict.
The Kremlin boss also ordered the missile, which flies at speeds of Mach 10 -- 10 times the speed of sound -- to be put into serial production (mass production). Russia is developing similar advanced systems, he added.
"We need to begin serial production. The decision... has in effect been taken," Putin said, praising the "particular strength of this weapon and its power.
"The weapon system that was tested yesterday is another faithful guarantee of Russia's territorial integrity and sovereignty," he added.
Putin claimed no other countries in the world had such missile technology. While he conceded other states would soon develop them, he said: "That will be tomorrow, after a year or two. But we have this system now. That's important."
His choreographed meeting with the defence minister and those in charge of developing the missile came at the end of a week that has seen the Ukraine conflict escalate rapidly.
Putin said the firing of the Oreshnik missile was a direct response to Kyiv's forces using US- and UK-supplied missiles on Russian territory for the first time.
In an address to the nation on Thursday, Putin said Russia reserved the right to fire missiles at military facilities in countries whose weapons are being used by Ukraine -- specifically the United States and Britain.
from NDTV News- Special https://ift.tt/JuMTdk5
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