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SGX Nifty indicates a flat to positive start for the Indian indices

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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.

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News Source : Backtrack

Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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