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Time of India
2 days ago
- Business
- Time of India
Indices declines 0.7% amid rising oil prices and geopolitical tensions
Mumbai: India's equity indices ended 0.7% lower on Friday after falling as much as 1.6% earlier in the day after Israel's strikes on Iran raised fears of supply disruption of crude oil and a wider conflict in the Middle East. Brent Crude Futures jumped over 7% to $74.6 per barrel on Friday. Analysts said the underlying bullish undertone helped the market cut a portion of its losses in Friday's trading session. "Despite the bearish news flows, the decline in the market was limited as benchmark Nifty held the key support level of 24,460 and recovered the losses made in the early trading session," said Akshay Chinchalkar, head of research, Axis Securities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo The NSE Nifty fell 0.7%, or 169.60 points, to finish at 24,718.60. The BSE Sensex moved 0.7%, or 573.38 points, lower at 81,118.60. Both indices declined by over 1% each in the past five trading sessions. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Israel has launched unprecedented strikes on Iran, targeting its nuclear programme and military leaders. The event sent oil prices soaring on worries that an escalation could disrupt supplies from the oil-rich region. Iran is one of the world's biggest oil producers. Brent crude has surged about 14% in the past two days. At home, the Volatility Index or VIX-the market's fear gauge-gained 7.6% to 15.08 on Friday, indicating traders expect higher risks in the near term. Live Events Agencies Analysts do not expect a bigger slide unless key support levels of 24,450-24,500 are breached. "Till the support levels are intact, any declines are expected to be bought into," said Ruchit Jain, vice president- head, technical research, Motilal Oswal Financial Services . "Nifty is likely to witness time-wise correction and struggle to move above 25,000 to 25,200 levels." The Nifty Mid-cap 150 and the Small-cap 250 indices declined 0.4% each. In the past week, the mid-cap index shed 1.2% while the small-cap index fell 0.44%. Out of the 4,122 shares traded on the BSE, 1,401 advanced, while 2,595 declined. Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,831 crore on Friday. Their domestic counterparts sold shares worth ₹9,394 crore. In June, overseas investors sold shares worth ₹5,079.8 crore.
Time of India
2 days ago
- Entertainment
- Time of India
Bezos and Lauren Sanchez's Venice wedding plans hit a wall — locals protest, aren't rolling out the red carpet
Jeff Bezos and Lauren Sanchez may have envisioned a lavish wedding in Venice, but the locals have different plans. While celebrities prepare to celebrate, Venetians express their dissatisfaction loudly and publicly. The couple's flashy event has sparked a growing citywide protest. Why are locals protesting the wedding? Locals in Venice are protesting Jeff Bezos and Lauren Sanchez's extravagant wedding, calling it disruptive in the midst of the city's ongoing struggle with overtourism. Posters criticizing the Sanchezos' wedding are all over the town, and one even threw a huge red X over his name from the ancient bell tower of the San Giorgio Maggiore Church in Venice. The Venetians aren't holding back. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Locals are publicly criticizing the billionaire's ostentatious three-day wedding takeover of their city with their "No Space for Bezos" posters. Posters have appeared throughout the city. ALSO READ: Donald Trump's birthday military parade to be cancelled? Reports suggest a strong possibility - all updates Live Events Is the backlash really about Jeff Bezos and Lauren Sanchez? "There is nothing personal against the couple," one of the organizers of the anti-Bezos demonstration stated. The anti-Bezos campaign's Alice Bazzoli claims that while Bezos is not personally affected, his extravagant wedding is just one more setback for the residents of Venice, who are already dealing with the daily chaos caused by tourists, as per a report by TMZ. Bezos and Sanchez are not backing down after months of prep, but their wedding will likely have more side-eyes than champagne toasts. Though the couple is undeterred, it is clear that their wedding will not win over everyone. FAQs Why are Venetians upset about Bezos' wedding? Locals say it's not personal; they're just tired of tourists and extravagant events overpowering the city. Will the wedding still take place in Venice? Yes, despite the protests, Bezos and Sanchez are not changing their plans.
