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...
A video of Indian Navy and Coast Guard personnel rescuing passengers of a ferry that sank near Mumbai after colliding with a naval speedboat shows people shouting for help as the boat slowly goes under water.
Thirteen people were killed and 99 were rescued. The navy craft whose engine was on a trial run lost control and collided with the passenger ferry that was going from the Gateway of India to Elephanta Island, a tourist spot.
"Search and Rescue efforts were immediately launched by the Navy in coordination with the Coast Guard and Marine Police. Four naval helicopters, 11 naval craft, one Coast Guard boat and three Marine Police boats were involved in the rescue efforts," the Navy said.
"The survivors picked up by Navy and civil craft in the area have been transferred to jetties and hospitals in the vicinity. So far 99 survivors have been rescued," it added.
Maharashtra Chief Minister Devendra Fadnavis told reporters in Nagpur that 101 persons have been rescued. He said he was deeply saddened by the loss of precious lives in the collision between the passenger ferry and the Indian Navy craft.
Mr Fadnavis declared financial assistance of Rs 5 lakh to the families of those who died in the accident.
from NDTV News- Special https://ift.tt/Rc5fQWv
Comments
Post a Comment