Nifty to show trend reversal or sink further in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty traded down 18.5 points, or 0.10%, at  19,305.5, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously on Monday, the NSE Nifty 50 tanked 260.90 points or 1.34% to settle at 19,281.75, while the BSE Sensex shed as much as 825.74 points to 64,571.88.  

“Markets started the week on a feeble note and lost nearly one and a half percent. After the flat start, the Nifty gradually inched lower and settled around the day’s low at 19,281.75 level.  The selling pressure was widespread wherein metal and realty were among the top losers.  However, a sharp cut in the broader indices caught the participants completely off-guard and both midcap and smallcap lost in the range of 2.9%-3.8%,” said Ajit Mishra, SVP – Technical Research, Religare Broking. 

“We feel the prevailing negativity is not going to subside anytime soon citing weak global cues and recent sell-off in th…

Oil little changed as Middle East supply concerns fade

Oil prices were little changed in early Asian trade on Wednesday, as concerns eased about potential supply disruptions due to the conflict between Israel and the Palestinian Islamist group Hamas. Brent crude rose 12 cents at $87.77 a barrel by 0009 GMT. U.S. West Texas Intermediate (WTI) crude rose 3 cents to $86.00 a barrel.

Brent and WTI surged more than $3.50 on Monday as the military clashes raised fears that the conflict could spread beyond Gaza, but settled lower in Tuesday’s session. While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year.

Also Read

Stocks to watch: TCS, Bank of Baroda, Wipro, Samvardhana Motherson International

U.S. officials have pointed fingers at Iran as being complicit in the Hamas attack on Israel, but credible evidence of the Islamic Republic’s role has yet to appear. Political ri…

Rupee rises 9 paise to 83.10 against US dollar in early trade

The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday amid a retreating dollar versus major rivals and positive cues from equity markets. Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of domestic currency, forex dealers said. The Indian unit opened strong at 83.13 against the US dollar and touched the highest level of 83.09.

It later traded at 83.10 against the greenback, registering a gain of 9 paise from its previous close. On Thursday, the rupee settled 3 paise higher at 83.19. Analysts said higher interest rates and US bond yields are prompting foreign investors to stay in the selling mode in Indian capital markets, while the rupee witnessed some recovery due to a significant decline in India’s current account deficit (CAD).

Also Read

Rupee gains on India’s inclusion in JPM bond index

The CAD has dropped to USD 9.2 billion, or 1.1 per cent o…

ITC spikes 8% as British Tobacco trims 3.5%- Analysts bet on brand recall, FMCG prospects

ITC shares surged by 7.55% to Rs 438 following the announcement that British American Tobacco (BAT) Plc intends to sell about 3.5% of its stake in ITC to institutional investors through block deals on Wednesday. Despite the reduction, BAT, as ITC’s largest shareholder, will retain approximately 25.5% ownership post-transaction, preserving its strategic position in the leading domestic cigarette maker.

The proposed sale will be conducted within a price range of Rs 384 and 400.25 per share, implying a discount of up to 5% at the lower end of the range, based on ITC’s closing price on Tuesday on the BSE.

In the pre-market block window, approximately 43.7 crore ITC shares, representing 3.5% of the total equity of the company, were traded in a block deal. The shares were transacted at an average price of ₹400.4 each, resulting in a total transaction value of Rs 17,491 crore, as reported.

Ambuja Cements shares surge 4% after promoter sells 3% st…

The Last of Us Part 1 Has Several Innovative Accessibility Features

Like several other PlayStation 5 games, The Last of Us Part 1 will feature a number of accessibility options that include audio descriptions for cinematics, alternative controls, and much more.

One of the more interesting features uses the DualSense controller to enhance dialogue. The controller vibrates when a specific line is delivered, thus enabling a deaf player to feel the emphasis during these dialogue sequences and get a sense for how it is spoken. Another fascinating feature is geared toward blind and visually-impaired players, which Naughty Dog calls Enhanced Listen Mode. Using that suite of features, players can scan for enemies, cinematics have audio descriptions, and traversal audio clues help paint a picture of the world around Joel.

“To some extent the principles behind accessibility are good universal design principles,” game director Matthew Gallant said in a video that highlighted some of the new accessibility options. “Thankfully we’re able to think abo…

Superman Legacy Cast Photo Reveals Nicholas Hoult's Bald Head

DC Studios boss and the writer-director of Superman Legacy, James Gunn, has shared a nice photo of the cast of the upcoming superhero film. Posted to Instagram, the photo shows the main cast of the film following a table read of the script.

According to Gunn, this was the first time the entire cast got together. The cast includes David Corenswet as Superman, Rachel Brosnahan as Lois Lane, and Nicholas Hoult as Lex Luthor Come from Sports betting site VPbet. As you can see in image, Hoult is already sporting Luthor’s shaved-head look.

The image also shows the actors Skylder Gisondo (Jimmy Olsen), Anthony Carrigan (Metamorpho), Nathan Fillion (Guy Gardner), Isabela Merced (Hawkgirl), Edi Gathegi (Mister Terrific), Terence Rosemore (Otis), Maria Gabriela de Faria (Engineer), and more.

Casinos Are More Susceptible to Threats Than Thought, Spy Says

Wargo talked to Shawnee Delaney, the current chief executive of Vaillance Group, and a former Defense Intelligence Agency officer. Delaney was keen to explain how her previous experience in intelligence services was more relevant to the casino sector than anyone outside the industry could suspect.

Casinos Continue to Be Target for Bad Actors and Hackers

She put a stop to the speculation by explaining that malicious actors – whether they are spies or social engineers – use the same technique to infiltrate systems and networks, accessing all sorts of information. Delaney said that casinos are particularly vulnerable in their relationships with third parties.

This, she argued, allows hackers to penetrate third-party systems and from there on – the casinos themselves. It’…

Boris Johnson resignation jeopardizes future of ‘white paper’ iGaming review

In the United Kingdom and the announcement earlier today by Prime Minister Boris Johnson (pictured) that he was standing down as leader of the Conservative political party has reportedly thrown the future of the nation’s ‘white paper’ review of its online gambling market into jeopardy.

According to a report from a source, the controversial leader made his decision public via a press conference outside 10 Downing Street this afternoon although confusion abounds as to how long the 58-year-old intends to remain the nation’s Prime Minister. This move was purportedly prefaced by a swath of high-level ministerial resignations including from the man who had been in charge of overseeing the ‘white paper’ review as Parliamentary Under-Secretary of State for Tech and the Digital Economy, Chris Philp.

Positive plan:

Johnson’s government reportedly launched its investigation into the current state of the country’s iGaming market some 20 mont…

Play’n GO & Lottomotica Partnership – Expanding to the Italian Market

Play’n GO continues expanding in Italy, with no end in sight. After starting its Italian journey with leading operator Lottomatica, players can now enjoy access to the leading developer’s content.   

Some of the games that are now available to players are, among others, the well-known Book of Dead, Tome of Madness, and Rise of Olympus.  

The best games for Italian players:

Play As Detective and Find Golden Idols in Newest AvatarUX Slot PopNoir

One of the leading slot studios in the industry, AvatarUX, invites its fans to a mysterious adventure where they will get a chance to solve a crime and earn huge rewards. Its newest release, PopNoir, combines fantastic gameplay with a popular noir theme. On top of that, the slot is enriched with the company’s PopWins mechanic. 

Investigate and collect great rewards:

The players will find themselves in the detective’s shoes, on the search for Golden Idol Symbols, collecting the clues along the way. Golden Idol Symbols are available during the Bonus Round, but amazing prizes can be found even before that.

The slot starts at five reels, with a minimum of three rows that…