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Saudi Arabia Weather: Saudi cities including Mecca and Jeddah faced heavy rainfall and flooding on January 8. Residents formed human chains to help marooned children. Although no casualties are reported, the floods have stressed the underdeveloped sewage systems. The National Meteorological Centre has issued red alerts and closed public spaces, while schools moved to online classes in some regions.
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The Indian market enters 2025 with optimism tempered by caution. GDP growth is projected at 6.5%-7%, driven by domestic consumption and industrial expansion, positioning India as a resilient investment destination.
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In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 8, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
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