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. ...
A small plane carrying two people crashed in the vicinity of a shopping mall in Philadelphia, resulting in multiple casualties on the ground, local media reported on Friday. The Philadelphia Inquirer newspaper, citing police, said the crash took place shortly after 6 p.m. Eastern near the Roosevelt Mall in northeast Philadelphia. At least one house and multiple cars are on fire, the newspaper reported. The Philadelphia Office of Emergency Management confirmed on social media that there was a "major incident" in the area of the reported crash, but provided no other details. The Philadelphia CBS affiliate showed images of a large fire and several fire trucks at the scene of the crash, and that the status of victims was not immediately known. Neither the Philadelphia police department nor the fire department immediately responded to requests for comment. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) fro...