Business
SGX Nifty indicates a flat to positive start for the Indian indices
The trend of the SGX Nifty shows that India’s broader index started flat, rising 37.50 points or 0.24%. At 7:30 IST, Nifty futures traded around 15,817 on the Singapore Exchange. IST 09:02, Sensex rose 42.72 points or 0.08% to 52371.23, Nifty fell 9.00 points or 0.06% to 15742.70. Nifty closed in a positive zone during Monday’s trading hours. However, it does see some profit records from higher levels, which makes 15,850 a strong resistance for the team in the near term. As the trend of SGX Nifty indicates, the benchmark index is expected to open with a flat to slightly positive trend. Mohit Nigam, head of PMS at Hem Securities, said that due to news of the world’s lowest corporate tax rate and inflation concerns,
Dow Jones fell -0.36% on Monday, while European stocks closed with positive sentiment led by auto stocks. Asian markets were mixed in early trading on Tuesday, with the Nikkei 225 index up 0.75% as Japan’s quarterly GDP data was better than expected. According to Jay Thakkar, vice president and head of equity research at Marwadi Shares and Finance Ltd., the key support below is at the 15,600 level.
Therefore, the range of the index is 15,600-15,850 levels. Before there is a meaningful breakthrough in this range, the market is expected to trade sideways. The daily momentum indicator is good in the buying zone, but the hourly momentum indicator trades with negative divergence, which is a typical feature of a horizontal market. Thakkar said that private sector banks are important, as if they trade with a positive bias, then it can help Nifty and Bank Nifty go higher.
News Source : Backtrack
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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