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Stock markets rebound on buying in IT, banking shares; Sensex jumps over 513 points

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Stock markets rebound on buying in IT, banking shares; Sensex jumps over 513 points

Mumbai, Nov 19: Benchmark indices Sensex and Nifty bounced back sharply on Wednesday, driven by a rally in IT and financial shares and sustained buying by domestic institutional investors amid growing hopes for an India-US trade deal.

The 30-share BSE Sensex jumped 513.45 points, or 0.61 per cent, to settle at 85,186.47. During the day, the benchmark surged 563.75 points, or 0.66 per cent, to 85,236.77.

The 50-share NSE Nifty climbed 142.60 points, or 0.55 per cent, to close near the day’s high at 26,052.65. The index hit a high of 26,074.65 in the day trade.

From the Sensex pack, HCL Tech, Infosys, Tata Consultancy Services, Hindustan Unilever, Sun Pharma and Titan were among the biggest gainers.

In contrast, Tata Motors Passenger Vehicles, Maruti, Adani Ports and Bajaj Finance were among the laggards.

Meanwhile, Commerce and Industry Minister Piyush Goyal on Tuesday said “you will hear good news” on the proposed trade pact between India and the US once the deal is fair, equitable and balanced.

Equity benchmarks rebounded on Wednesday after Tuesday’s pause, supported largely by strong buying in IT stocks, Gaurav Garg, Research Analyst, Lemonn Markets Desk, said.

“The rally was led by IT names such as Infosys and HCL Technologies, with sentiment improving after Infosys announced its Rs 18,000-crore share buyback starting November 20. Expectations surrounding a potential India–US trade agreement also lifted sentiment, while a global shift away from AI-heavy bets steered more flows toward emerging markets like India,” Garg added.

Vinod Nair, Head of Research, Geojit Investments Ltd, said that the IT sector rallied on revived hopes of a Fed rate cut, supported by soft U.S. labour data and currency tailwinds, while PSU banks gained on merger-related news and improving fundamentals. Attention now turns to tomorrow’s FOMC minutes for further policy signals.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index settled lower. In contrast, Shanghai’s SSE Composite index ended in the green.

Markets in Europe were trading mostly lower in mid-session deals.

US markets ended in negative territory on Tuesday.

Foreign institutional investors (FIIs) offloaded equities worth Rs 728.82 crore on Tuesday. However, domestic institutional investors (DIIs) bought stocks worth Rs 6,156.83 crore, according to exchange data.

Brent crude, the global oil benchmark, dipped 0.39 per cent to USD 64.64 per barrel.

On Tuesday, the Sensex declined 277.93 points or 0.33 per cent to settle at 84,673.02. The Nifty dipped 103.40 points or 0.40 per cent to 25,910.05.

Greater Kashmir

Govt hikes fitness test fee for all 20-year-old motor vehicles

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Govt hikes fitness test fee for all 20-year-old motor vehicles

New Delhi, Nov 19: Months after the government increased renewal charges for older vehicles, the transport ministry has raised the fitness test fee for all motor vehicles older than 20 years to discourage people from keeping them.

The Ministry of Road Transport & Highways (MoRTH), in a latest notification issued on November 11, said the higher fee slabs now begin at 10 years for commercial vehicles, instead of 15 years, bringing more vehicles under the updated cost brackets.

It has created three clear age groups for fitness testing: 10-15 years, 15-20 years and above 20 years.

According to the notification, the fitness test fee for light motor vehicles (LMVs) older than 20 years has been increased to Rs 15,000 from Rs 10,000.

The notification has made steep revisions to the fitness test fee for heavy trucks and buses older than 20 years. They will now have to pay Rs 25,000 for the fitness test, from Rs 3,500 earlier.

Medium commercial vehicles in the same age group will now have to pay Rs 20,000, and the fitness test of light motor vehicles above 20 years will cost Rs 15,000.

The fitness test fee for two-wheelers above 20 years has also been increased to Rs 2,000 from Rs 600 earlier.

The transport ministry, in its earlier notification in August this year, increased renewal charges for older vehicles.

In August, the Supreme Court ordered authorities not to take coercive action against the owners of diesel vehicles that are more than 10 years old and petrol vehicles older than 15 years in the Delhi-NCR.

Greater Kashmir

KPDCL announces power outages

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KPDCL announces power outages

Srinagar, Nov 19: Owing to maintenance and other repair works, the Kashmir Power Distribution Corporation Limited (KPDCL) on Wednesday announced power outages in Kashmir parts on November 20, 22, 23 and 24..

According to the Chief Engineer, Distribution,  KPDCL, shutdown of 33 KV Budgam line will be observed due to which Budgam and SIDCO receiving stations shall remain off while power supply to Budgam, Ompora, Jawalapora, Galwanpora, Nasrullahpora, Housing Colony, Khanpora, JNV and adjoining areas will be affected from 10.00 AM to 03.30 PM on 20 & 22 November, 2025.

Similarly, shutdown of 33 KV Lassipora-Keegam line will be observed due to which Keegam, Gulshanabad, Mitrigam and  Chararipora receiving stations shall remain off while power supply to Murran, Rahmoo, Mitrigam, Mirgund, Keegam, Rajpora, Gulshanabad, Akhaal, Chararipora, Pakherpora, Kamrazipora and adjoining areas will be affected from 10.00 AM to 03.30 PM on 23 November, 2025.

 Likewise, shutdown of 33 KV Handwara Old line will be observed due to which power supply to  Adoora, Zachaldara and Changimulla receiving stations shall remain off while power supply to Zachaldara, Wadipora, Changimulla, Adoora, Lach, Hanga, Hatil and adjoining areas will be affected from 10.00 AM to 03.30 PM on 22 & 24 November, 2025.

Greater Kashmir

Trade Policy Shifts and Tariff Escalations: Navigating Forex Trading Risks

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Trade Policy Shifts and Tariff Escalations: Navigating Forex Trading Risks

Trade policies and tariffs play a significant role in shaping the US commodity market, and these changes have direct implications for Indian traders. The US’s imposition of new tariffs has already disrupted global trade flows, affecting the prices of agricultural commodities, metals, and other key exports. Indian traders must understand how these policy shifts affect forex trading and adjust their strategies accordingly.

In 2025, the US introduced tariffs as high as 50% on various goods, which has had a noticeable impact on Indian exports. Sectors such as textiles, gems, and engineering goods have faced sharp declines in exports to the US, increasing the trade deficit. These changes in trade flows, combined with currency fluctuations, make forex trading more challenging. The INR’s exchange rate is directly affected by the tariffs on Indian goods, making it crucial for traders to stay informed about these policy changes.

For Indian exporters, this new tariff regime means a more complex environment for forex trading, as the weakening of the INR could increase the cost of goods in international markets, further complicating trade negotiations. However, certain agricultural products have been exempted from these tariffs, creating a unique opportunity for Indian agricultural exporters. Monitoring these exemptions is crucial for traders in forex trading markets as changes in trade relationships directly affect the value of the INR and the competitiveness of Indian goods.

The ongoing US-China trade tensions also contribute to the uncertainty surrounding tariff policies. As the US continues to impose tariffs on Chinese goods, the resulting trade shifts create ripple effects in global markets. For Indian traders, understanding how these shifts impact the prices of commodities such as soybeans and metals is vital for anticipating changes in currency values and optimizing forex trading strategies.

Furthermore, Indian traders must be aware of the broader impact that global trade wars have on the financial markets. The weakening of trade relationships between major economies leads to more volatile currency fluctuations, making forex trading riskier. With emerging markets and the Indian economy tied to these global economic movements, traders should be cautious in adopting short-term strategies and consider hedging their positions to mitigate risks.

Additionally, tariff-related disruptions can affect India’s capital flows, as foreign investors may react to the changing trade dynamics by re-evaluating their investment strategies. Forex trading in such a scenario requires a nuanced understanding of global trade agreements and the broader economic consequences of these tariff changes.

Greater Kashmir

JKSA issues helpline numbers, urges Kashmiri students to stay vigilant

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JKSA issues helpline numbers, urges Kashmiri students to stay vigilant

Srinagar, Nov 19: In the aftermath of the tragic blast in Delhi, the Jammu and Kashmir Students Association (JKSA) has issued an urgent advisory for Kashmiri students across India following increasing reports of profiling, harassment, and sudden eviction from accommodations. The Association expressed deep sorrow over the loss of lives in the attack, reiterating that Kashmiris have always rejected terrorism in all its forms and stand firmly with the victims and their families in this moment of national grief.

Association, however, voiced serious concern that several Kashmiri students are being subjected to sweeping suspicion and discriminatory behaviour in the wake of the incident. Students in different states have reported aggressive verification drives, intimidating questioning, disturbances in hostels, and hostile conduct from certain local residents. Some have even been directed to vacate their rented rooms without notice, creating a climate of fear and insecurity among young students far from home.

National Convenor of Association Nasir Khuehami urged students to remain extremely vigilant during this sensitive period. He advised them to avoid unnecessary movement, public gatherings, travel, or participation in politically charged discussions; both online and offline. Even routine comments or harmless reactions on social media may be misinterpreted in the current volatile situation. Students have been asked to exercise utmost restraint and discretion in all interactions.

Khuehami encouraged students to stay in close contact with their families, keep trusted friends informed of their whereabouts, and report any instance of intimidation or harassment; whether by authorities, landlords, or private individuals. He stressed that many students are feeling anxious and unsafe, and assured that the Association is committed to ensuring they are not left to face such challenges alone.

To provide immediate support, Association has released the following helpline numbers for students in distress; 9149676014, 7006922829, 8825005327, 9906299199, 6006169477, 7028642004, 98584 45900, 9682381865, 7006724372, 9906385143, 8126655697, 7006028306, 7780931010, 7889425033,

He stated that a dedicated 24×7 rapid-response coordination team has been activated to intervene wherever required. The Association is in touch with university administrations, local police stations, and state authorities across the country to ensure Kashmiri students are not unfairly targeted or subjected to collective punishment. He emphasized that unlawful evictions will be immediately taken up with relevant authorities, and urged students to report if they face pressure from landlords or hostel managements.

Association warned that the surge of online misinformation and communal insinuations, particularly targeting Kashmiri youth, has intensified fear among students. “A society that normalizes suspicion towards its own citizens walks a dangerous path. Collective vilification does not strengthen national security; unity, fairness, and justice do.”

National General Secretary of Association Aadil Bhat reiterated that Kashmiris have always upheld democratic values, national integrity, and peaceful coexistence. The identity of Kashmiri students, who contribute significantly to India’s academic, scientific, and professional spaces, must not be criminalized or viewed through a lens of suspicion. The Association stressed that while law-enforcement agencies must be allowed to investigate the Delhi blast freely, innocent Kashmiris must not face fear or unjust treatment because of the actions of a few.

Reiterating its appeal for calm, the Association asked students to avoid confrontations, and focus on their academic responsibilities. If you face any harassment, threats, or intimidation, contact the local police and inform us without delay. Association requested the Government, universities, and local administrations to ensure the safety of Kashmiri students nationwide and reiterated its call for a public reassurance from Prime Minister Narendra Modi to prevent further stigmatization and restore trust.

Greater Kashmir

Div Com Kashmir inaugurates World Heritage Week exhibition in Srinagar

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Div Com Kashmir inaugurates World Heritage Week exhibition in Srinagar

Srinagar, Nov 19: As part of the celebrations for World Heritage Week 2025, the Directorate of Archives, Archaeology and Museums, J&K today organized a Special Exhibition of Archival Records and Rare Manuscripts at the Art Gallery, Shergarhi Complex, Srinagar.

The exhibition was inaugurated by Divisional Commissioner (Div Com) Kashmir, Anshul Garg, who also flagged off a Heritage Walk from the Shergarhi Complex to the SPS Museum at Lal Mandi.

The event witnessed enthusiastic participation from heritage lovers, scholars, and students from various educational institutions, all joining to promote the importance of preserving and conserving the region’s centuries-old cultural treasure.

Speaking on the occasion, the Divisional Commissioner highlighted the significance of World Heritage Week and the collective responsibility to safeguard cultural heritage for future generations. He noted that the exhibition showcases numerous invaluable treasures and urged students and scholars to visit the gallery to  connect with the region’s heritage and cultural identity.

“Kashmir is home to centuries-old cultural and civilizational treasures and represents a confluence of Shaivism, Sufism, and Buddhism,” he said and added that  “Our rich traditions of arts, crafts, and music have earned global recognition, and our archaeological sites continue to attract large numbers of tourists. This Heritage Week is dedicated to celebrating and honoring these sites.”

He also highlighted the ongoing initiatives of the Directorate to revive and preserve cultural and archaeological sites across Jammu & Kashmir. “The observance of World Heritage Week provides an opportunity to revisit our history and traditions, helping to build greater awareness about heritage conservation,” he added.

The Divisional Commissioner noted that in the past four years, substantial efforts have been made to preserve the unique local heritage developed over centuries by previous generations, ensuring its safe transmission to the future.

He emphasized the need to create awareness among students and the general public about Kashmir’s rich cultural heritage so they can better appreciate the importance of protecting and preserving the region’s glorious past.

Greater Kashmir

Gold climbs Rs 1,500 to Rs 1,27,300/10g on renewed safe-haven buying globally

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Gold climbs Rs 1,500 to Rs 1,27,300/10g on renewed safe-haven buying globally

New Delhi, Nov 19: Gold prices climbed Rs 1,500 to Rs 1,27,300 per 10 grams in the national capital on Wednesday tracking a strong rally in the international rates, according to the All India Sarafa Association.

The precious metal of 99.5 per cent purity jumped Rs 1,500 to Rs 1,26,700 per 10 grams (inclusive of all taxes).

Silver prices also bounced back, surging Rs 4,000 to Rs 1,60,000 per kilogram (inclusive of all taxes), snapping a three-day losing run in the local bullion market.

“Gold advanced on Wednesday, supported by renewed safe-haven demand, while persistent signs of weakness in the US labour market kept expectations for a potential rate cut alive,” Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

On the global front, spot gold extended its gains for the second straight session rising USD 46.32, or 1.14 per cent, to USD 4,114.01 per ounce.

“Spot gold is trading above USD 4,084 level as investors await Federal Open Market Committee (FOMC) minutes of October meeting to be released tonight,” Praveen Singh, Head of Commodities, Mirae Asset ShareKhan, said.

Kaynat Chainwala, AVP & Analyst Commodities Research, Kotak Securities, noted that gold recovered from a one-week low on Tuesday to settle above USD 4,065 per ounce, supported by softer US employment data and caution ahead of several delayed macro releases.

Meanwhile, the US jobless claims rose mid-October, while continuing claims increased to 1.9 million, signalling a cooling labour market conditions.

Federal Reserve officials offered mixed cues, with Thomas Barkin highlighted balanced risks between inflation and employment, while Christopher Waller struck a more dovish tone, citing weakening labour conditions.

Spot silver rose appreciated 3.09 per cent to USD 52.26 per ounce in the overseas trade.

Greater Kashmir

IGP Jammu reviews security situation in Poonch

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IGP Jammu reviews security situation in Poonch

Jammu, Nov 19: Jammu Inspector General of Police (IGP) Bhim Sen Tuti on Wednesday visited the border district of Poonch and reviewed security situation, officials said.

Security has been beefed up and surveillance operations enhanced in the border district following a blast in Delhi on November 10 that claimed 15 lives.

The senior officer visited Poonch and held a meeting with senior security officials, they said, adding that he was briefed about the security measures.

IGP Tuti reviewed security and operational readiness and called for stronger surveillance and coordination.

Greater Kashmir

CM Omar Abdullah inaugurates two-day J&K Trade Fair in Kulgam

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CM Omar Abdullah inaugurates two-day J&K Trade Fair in Kulgam

Kulgam, Nov 19: Chief Minister Omar Abdullah today inaugurated a two-day J&K Business & Trade Fair organised by the District Administration Kulgam in collaboration with Mission YUVA.

The fair aims to promote entrepreneurship and provide a platform for business innovation and growth for businesses and aspiring entrepreneurs.

After formally inaugurating the event, the Chief Minister inspected various stalls established by entrepreneurs and business establishments. He interacted with the participants and lauded their contribution towards promoting business enterprises and generating livelihood opportunities in the district.

Addressing the gathering, the Chief Minister said that while the government is working to create jobs, it is not possible to provide government employment to everyone. Therefore, it is essential to create self-employment avenues, and schemes like Mission YUVA have been devised to fulfil this objective. He emphasised that banks must ensure smooth disbursement of cases under various entrepreneurship schemes and assured budding entrepreneurs of all possible support from the government. He added that the aim of Mission Youth is to empower young people to explore innovative ideas, build sustainable businesses, contribute to the region’s economic progress, and evolve into job creators.

The Chief Minister noted that trade fairs play a crucial role in strengthening the economy by offering emerging entrepreneurs opportunities to showcase their talent, connect with wider markets, and expand their business networks.

During the event, the Chief Minister visited entrepreneur stalls, business units, and departmental exhibits and interacted with the participants. He also distributed sanction letters to beneficiaries under Mission YUVA scheme.

Speaking on the occasion, Minister for Education, Health & Medical Education and Social Welfare, Sakeena Itoo, said that youth are actively participating in entrepreneurship schemes. She informed that many beneficiaries have already been identified and numerous cases approved. She stressed the need for smooth processing of cases to maximise the benefits and urged youth to avail themselves of these opportunities.

MLA Kulgam, M.Y. Tarigami, encouraged young people to seize every opportunity to build prosperous and progressive lives.

The programme was attended by Minister for Education, Sakeena Itoo; DDC Chairperson Kulgam, Mohammad Afzal Parrey; MLA Kulgam, M.Y. Tarigami; MLA Devsar, Peerzada Feroz Ahmad; Secretary Labour and Employment, Kumar Rajiv Ranjan; Secretary in Information Department, Muneer Ul Islam; DDC Kulgam, Athar Aamir Khan; Mission Director, Mission YUVA, Shadab Aalam; other senior officers; representatives of business organisations; entrepreneurs; and aspiring entrepreneurs.

Capacity-building completion certificates were distributed, Mission YUVA sanction letters were handed over to beneficiaries, and MoUs were exchanged between Mission YUVA and ONDC.

Earlier, Deputy Commissioner Kulgam Athar Aamir Khan presented the welcome address and highlighted the aim of organising the two-day fair. Mission Director Shahzad Aalam presented the vote of thanks and highlighted achievements under Mission YUVA.

Greater Kashmir

Winter vacation upto 8th standard from first week of December: Sakina Itoo

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Winter vacation upto 8th standard from first week of December: Sakina Itoo

Srinagar, Nov 19: Minister Sakina Itoo on Wednesday said that the winter break for students upto the middle classes is likely to begin from the first week of December amid cold temperatures.

Speaking to reporters, the minister as per the news agency—Kashmir News Observer (KNO) said that the parents repeatedly request for the announcement of the schedule for winter break. “The winter season becomes difficult for younger children.“

Itoo further said that, “We have already conducted a meeting regarding the winter break and we have tentatively decided that for lower classes from Class 1 up to middle grade, will probably observe the vacation from first week of December.”

About the textbook issue, the minister added said, “We have already streamlined the matter to a large extent.”

“Directions have been issued to ensure there is no shortage of books or uniforms,” she said.

Minister Itoo also said that strict instructions have been passed to the JKBOSE Secretary, Chairman, Education Secretary, and other concerned officials to act tough against the private schools who violate the government norms.

“Wherever we will receive a complaint against any private school regarding the books or fees, we will definitely take strict action against them,” she said.

Greater Kashmir

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