Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move

Economic Times - Oct 17, 2026

Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal, media, pharma and IT stocks show relative strength. Investors should monitor key support levels, prioritise fundamentally strong stocks and maintain disciplined risk management strategies.

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The U.S. paid $5 million each to keep 60 commercial ships under its flag in 2018; Defence can call on every vessel during war or a national emergency
Oct 17, 2026
The U.S. paid $5 million each to keep 60 commercial ships under its flag in 2018; Defence can call on every vessel during war or a national emergency

In March 2018, the US government approved a $300 million program to support commercial vessels for defense strategies. This Maritime Security Program provides $5 million annually to each of the 60 participating ships. Operators must keep vessels under the US flag and make them available during national emergencies. The program aims to maintain the availability of trained American mariners and commercial infrastructure.

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Bail does not make Sandip Ghosh innocent, says Bengal BJP chief on RG Kar case
Oct 17, 2026
Bail does not make Sandip Ghosh innocent, says Bengal BJP chief on RG Kar case

Samik Bhattacharya stated that Sandip Ghosh's bail does not imply his innocence regarding alleged financial irregularities. He referred to widespread protests following a controversial incident at RG Kar Medical College and Hospital. The Supreme Court granted Ghosh bail after almost two years in custody, citing slow trial progress. Bhattacharya emphasized that emotions should not influence legal proceedings or public opinions.

Axis Bank Q2 Results: Net profit jumps 38% YoY to Rs 7,003 crore, NII rises 12%
Oct 17, 2026
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India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

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India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

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Oct 17, 2026
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By 2023, nearly 14,000 volunteers helped count Galápagos marine iguanas in drone photos; later phases reached 91% to 92% agreement with expert counts
Oct 17, 2026
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India's internal security landscape has changed irrevocably: Union Home Secretary
Oct 17, 2026
India's internal security landscape has changed irrevocably: Union Home Secretary

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Burma Burma owner Hunger Pangs files DRHP with SEBI
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In 2021, a North Carolina farmer struggling to expand his sheep business found 33 acres beneath solar panels; then landed a second solar grazing contract
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F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy
Oct 17, 2026
F&O Talk: Nifty’s break above 23,450 could push index to 23,650; Sudeep Shah picks Tech Mahindra, TCS strategy

SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels, banking earnings, improving FII flows and continued large-cap outperformance, while warning that a durable reversal remains unconfirmed.

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