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. ...
Civil Aviation Minister K Ram Mohan Naidu has announced a 50 per cent reduction in airfare for passengers traveling to the Kumbh Mela. The new reduced fares came into effect starting today.
The government has already directed airlines to cut the ticket prices. Three meetings were held with airline companies before implementing the fare reduction.
Airlines were reminded that such a grand event happens once in 140 years, and they must be mindful of the significance.
At the same time, the government has ensured that airlines do not suffer financial losses due to the fare reduction.
from NDTV News- Special https://ift.tt/4tODxIe
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