Spirit Airlines said that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The short-term trend is bearish, with support at 23,300 and resistance at 23,600. The highest OI on the call side is at 23,500 and 23,600, while on the put side, it's at 23,400 and 23,300.
The Chatham Park Village Cooperative has offered affordable homeownership on Chicago's South Side for more than 60 years, but it's at risk of foreclosure as the co-op has defaulted on its mortgage.
Bharat Global Developers announced an 8:10 bonus share issue and a 1:10 stock split. The stock surged 5% on the news. The record date for the bonus and split is yet to be announced. The estimated completion time is 2 months.
An analysis by ETMarkets identified 9 stocks that were included in the portfolios of over 20 MF schemes in October 2024, marking an increase compared to September '24.
The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL's case, because in Delhi the tax structure is slightly different for even petrol and diesel compared to Bombay.
And if we do not go beyond that and do start falling again, yes, we can create a case that this will become a further extended decline. But right now, at current levels, there are some oversold readings that allow us to look for some kind of a bounce back in the next one or two days
