The Indian rupee strengthened for a second consecutive trading session, slipping below the 94-per-dollar level. The move was linked to falling crude oil prices and a pickup in inflows from foreign funds. Improving prospects for diplomatic relations in the Middle East also lifted sentiment in the currency market.
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Analysts have raised their Nifty 50 target to 28,000 points by 2027 as Dalal Street gains momentum. Optimistic earnings forecasts are a key reason behind the revised outlook. Falling crude oil prices are also cited as supportive for the market. Renewed buying from foreign portfolio investors has further boosted investor confidence. Expectations of slower capital spending on artificial intelligence add to the positive view of Indian equities.
Congress president Mallikarjun Kharge's Diwali greeting, which used the phrase "Khushiyon Ki Eid", has drawn an appeasement accusation from the BJP. The Congress has defended the wording, saying "Eid" was used in its broader sense to mean a joyous celebration. According to the party, the phrase was intended as a metaphorical call for national unity across cultures. The article does not specify further details of the BJP's response or the exact date of the greeting.
A man was killed and a police officer was injured in a shooting in Punjab linked to a dispute over a gold transaction. Assistant Sub-Inspector Harnek Singh, posted at the B-division police station, was present at the scene when the firing took place. The available details indicate the violence erupted during or around the transaction itself. Further information about the exact location, the suspects involved, and the progress of the investigation was not provided in the source text.
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