These 2 chart patterns signal more pain likely for Nifty; can break 24,000 | News on Markets

Realty firm Gaurs Group will invest Rs 4,000 crore to develop a 17-acre commercial project in Noida, aiming to build rental assets with 5 million sq ft of commercial space, including retail, office, and a hotel. The company plans to start construction before March 2024, funding projects through internal accruals and bank loans, while remaining optimistic about housing demand, as their luxury housing project in Ghaziabad worth Rs 3,100 crore sold out in three days....

China's economy is facing deflationary pressures as consumer and factory prices weaken, prompting calls for Beijing to implement more substantial measures to boost growth. September saw consumer prices up 0.4% year on year, below expectations, while producer prices fell 2.8%, the sharpest decline in six months. The government is expected to release data this week reflecting a two-speed economy, with strong trade numbers counteracted by weak GDP figures, potentially necessitating further policy stimulus. Full Article

Water is beginning to recede from flooded streets in Tampa, Florida, following Hurricane Milton, with over 1.5 million still without power and at least 17 fatalities confirmed. Efforts are focused on restoring power, clearing debris, and distributing fuel, with major highways and bridges reopened, but areas facing continued flooding risk as rivers rise and emergency response continues. Major flood stages have been reached in several waterways, with ongoing flooding in parts of Florida as rivers...

The US sanctions several companies, including India-based Gabbaro Ship Services, for allegedly carrying Iranian oil in response to Iran's October 1 attack on Israel, targeting Iran's energy trade. The Treasury claims Iran's oil exports are facilitated by a network of illicit shipping companies, including UAE-based Max Maritime Solutions FZE, involved in ship-to-ship transfers of Iranian oil. Secretary of the Treasury Janet L Yellen emphasizes the sanctions aim to prevent Iran from using energy revenues to...

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In Moldova, wineries like Cricova and Purcari are turning to renewable energy to reduce reliance on Russian gas after the country's westward shift following Russia's invasion of Ukraine. By investing in solar panels and insulation, these winemakers have significantly cut energy costs and are now focusing on sustainability by using lighter bottles and reviving local grape varieties lost during the Soviet era. This transition not only aligns with global trends but also serves as a...