Market observers are closely monitoring automotive sales data for early indicators as the new year begins, with a focus on FII movements and currency trends as the rupee weakens against the US dollar. Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday, with BSE Sensex near 78,600 and Nifty50 above 23,750, trading lower due to cautious investor sentiment amid foreign institutional investor outflows and the rupee’s decline. US markets ended lower on Friday, Asian markets opened lower, and gold prices rose due to Middle East tensions, while the Japanese yen reached five-month lows against the dollar, with foreign portfolio investors becoming net sellers.
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Zelenskyy names new chief of general staff to enhance Ukraine''s combat effectiveness
Ukraine President Volodymyr Zelenskyy appointed Andrii Hnatov as the new chief of the general staff of Ukraine's armed forces, replacing Anatoliy Barhylevych. Hnatov's appointment comes as the country seeks to restructure and strengthen its military amid combat in Russia's Kursk region and increasing pressure in Donetsk. Defense Minister Rustem Umerov emphasized the ongoing transformation of the Armed Forces of Ukraine, with Barhylevych now serving as the general inspector of Ukraine's Defense Ministry. Full Article
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