Nifty closed positively at 23,250, with India VIX dropping 6.7%, indicating lower volatility. Analysts see support at 23,000 and resistance at 23,340-23,500, favoring a buy-on-dips strategy amid pre-budget optimism in infrastructure and consumer stocks.
Salwan Momika, an Iraqi activist known for burning copies of the Quran, was shot dead in Sweden. The killing, which occurred late Wednesday, has led to the arrest of five suspects. Momika had faced global backlash and legal issues, including the revocation of his Swedish residency permit. His case remains under investigation as authorities explore the motives behind the killing.
A 25-year-old woman in the UK admitted to sending videos of herself farting to her partner's ex-girlfriend, causing distress. She was arrested and appeared in court, claiming the act was done while drunk and to support her partner. She received a 12-month community order, 15 rehabilitation sessions, and a 60-day alcohol abstinence.
The buoyancy in taxes, which the government has been experiencing from personal taxes over the last few years, is telling us very clearly that the momentum on compliance is increasing.
Union Budget 2025 India Job Market: India's job market struggle is highlighted by high numbers of overqualified applicants for low-skill jobs. A recent survey indicates jobless growth as a primary economic threat. The upcoming budget needs to prioritize job creation, emphasizing government investment and industry participation in training to address employability and productivity issues.
