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. ...
Donald Trump took oath as the 47th President of the United States Monday, capping a remarkable turnaround in fortunes that nosedived after the riots in Washington, D.C. in January 2021 and hit rock bottom in May 2024, when he was convicted of felonies by a New York court, including charges relating to falsifying business records to cover payment of 'hush money' to Stormy Daniels, an adult film actor.
Trump's deputy, JD Vance, was sworn in as Vice President just before him.
Almost immediately after Trump was sworn in, Prime Minister Narendra Modi congratulated his "dear friend" and wished him a successful term. "I look forward to working closely together once again, to benefit both our countries and shape a better future for the world," Mr Modi said on X.
Donald Trump is now the first convicted felon to be President of the United States. He was already the first ex-President to be convicted of felony crimes - the jury found him guilty on all 34 charges, including those in a scheme to illegally influence the 2020 presidential election, the loss of which led to the riots.
He has announced he intends to pardon many of the convicted rioters.
Minutes after being administered the oath by Supreme Court Chief Justice John Roberts, Trump - who survived assassination attempts - declared, "The 'Golden Age of America' begins now".
In his first remarks after being sworn in Trump referred to the assassination attempt in Pennsylvania in July and declared he had been "saved by God to make America great again".
"The 'Golden Age of America' has begun, as of right now. We will become the great nation we were again. The rest of the world will envy us," he said to raucous cheers from supporters.
"Not so long ago, during the election campaign, I was targeted in an attempted assassination attempt, when a bullet pierced through my ear. But God saved me... because my purpose is to make America great again," Trump, who at 78 is also the oldest American President ever, said.
Trump had vowed to sign a flurry of executive orders, including announcing stringent curbs on immigrant and mass deportation of illegal migrants, as well as banning transgender athletes from women's sports, and undoing his predecessor's directives on diversity and oil drilling.
The president will also declare a national emergency at the Mexico border, send armed troops there, and resume a policy forcing asylum seekers to wait there for court dates, officials said.
He will also seek to end so-called birthright citizenship for U.S.-born children whose parents lack legal status, a move some legal scholars have said would be unconstitutional.
In total, Trump - whose second term, critics and 'allies', including Europe and NATO, or the North Atlantic Treaty Organisation, fear, will push the limits of executive power - expected to sign around 100 orders, many of which will aim to reverse decisions by his predecessor, Joe Biden.
Several, if not all, of these executive orders will face legal challenges.
With input from agencies
from NDTV News- Special https://ift.tt/m1XLjiM
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