Three Nifty500 stocks that gained over 5% on October 9 featured in StockEdge’s White Marubozu scan, indicating strong buying momentum during the session.
Missile attacks by Houthi rebels have targeted King Khalid International Airport in Riyadh, resulting in multiple casualties. The Saudi-led coalition is responding to these escalated attacks as concerns grow over regional stability. Hospitals report injuries and fatalities among both civilians and military personnel from the strikes. Houthi forces have also claimed responsibility for other attacks in the region, intensifying the conflict.
Vincent Mortier, the chief investment officer of Amundi, reflects on the current state of Indian equities. He believes the recent decline in the market is a temporary issue related to negative narratives. Mortier identifies several potential catalysts for investment in India, including geopolitical resolutions and currency stabilization. He also discusses the intricate capital gains tax system affecting foreign investors' participation.
One Indian national has died due to the recent attack at King Khalid International Airport in Riyadh. Three other Indian nationals remain in stable condition in intensive care after being injured in the incident. The Indian Embassy has assured support for the affected families and thanked Saudi authorities for their medical assistance. Yemen's Houthi forces have claimed responsibility for several attacks targeting Saudi airports this week.
Iran-US War latest: The head of Iran’s Supreme National Security Council says Tehran finds the latest response from the United States “insufficient” as efforts at negotiations to end the war and fully open the Strait of Hormuz limp along.
The Ministry of External Affairs condemned drone attacks on two commercial vessels in the Strait of Hormuz. MT Petro Dolphin and MT Valthera were involved in separate incidents, leaving two Indian seafarers missing. Search-and-rescue operations for the missing personnel are actively being coordinated by authorities in Oman. Concerns over maritime security in the region have been raised, following several attacks on vessels in recent days.
Indian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and increased hedging costs have limited borrowing options for these businesses. Analysts suggest that some companies could reconsider bond issuances previously canceled because of excessive yields. With rising bank borrowing costs, bonds may become more appealing for certain issuers seeking flexibility.
On Sunday, an attack on Riyadh's international airport led to one fatality and eleven injuries. This incident occurred following a prior strike claimed by the Houthis that caused numerous casualties. Saudi coalition forces reported intercepting multiple projectiles targeting various locations, revealing vulnerabilities in the kingdom's defense. The Saudi government has stated that air defenses are monitoring threats closely amid ongoing conflict.
South Korea's stock market is facing a significant downturn after a dominant run in the global AI sector, as the Kospi has dropped 22% since its peak, marking it as the worst performer in the second half of the year. A startling 70% decline in turnover has prompted withdrawals from both foreign and local investors.