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중도 성향
IT/기술
OneDrive data now has an expiry date
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"EXPIRY" · 총 15건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 87,557건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,491건(5.1%)·중립 80,877건(92.4%)·부정 2,189건(2.5%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 15.3(중도 균형)입니다.
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A post circulating on social media claims that codes such as “A-26” or “D-26” printed on household gas cylinders indicate an expiry date in 2026 and warns that such cylinders are expired, unsafe to use, and at risk of exploding. The claim is...
The Delhi Gymkhana Club was born in 1913, raised for British officers and the colonial set, and was later inherited by bureaucrats, politicians, and the comfortably connected. None of that pedigree could save it, however, from the law. Last week India told it to vacate the land by June 5. The government read a single clause from the club’s own lease, named a public purpose, and issued the notice. The land returns to the state as do the buildings on it. The club says it will fight the decision in court, and it may. But the order is out and the clock has started. In Pakistan, the Lahore Gymkhana was born in the same year, is grander than Delhi’s and also sits on land worth a king’s ransom. But no notice to vacate has been issued. These are the facts from the government documents that explain why. India has ordered the Delhi Gymkhana Club to vacate its premises by June 5 — Credits: BBC 38 paisas a kanal The Lahore Gymkhana sits on state land ringed by The Mall, Jail Road, and Zafar Ali Road. There is no pricier address in the province. Its 1913 lease stretches back to the Raj, and has been repeatedly extended in 1921, 1960, and, in haste in 1996, five years before its expiry. This time it was extended for 50 years to cover the years 2000 to 2050. The gymkhana estate sprawls over 112 acres and the club holds three kanal and 16 marlas more than the record of rights allows — a tiny trespass that nobody thought to note until now. But that is not all. Inside Lawrence Gardens (Bagh-e-Jinnah), the Gymkhana keeps an exclusive cricket ground on three-and-a-half acres of the Agriculture Department. This was never part of the lease, there is no grant for it and no rent is paid. No paper explains how a public garden was fenced off for a private game. For the main estate, the club pays Rs5000 a year in rent. Not per kanal. In total. That comes to Rs417 a month, or under fifty paisas per kanal, for some of the most valuable earth in Pakistan. How little is Rs5000? Consider it against the government’s upper commercial rate. Total land 1,091 kanals 21,820 marla Market value 1,091 × Rs200 million/kanal Rs218.2 billion Fair annual rent 21,820 marla × Rs200,000/marla Rs4.364 billion The land is worth Rs218 billion so fair rent would be about Rs4.36 billion a year. Under the government’s 2023 policy, clubs can pay a tenth of market rent, but this would still come to Rs400 million a year. The club pays Rs5000. For years, the land’s real value sat behind a nominal colonial rent. It became visible when market figures were placed on the record. The admissions of guilt The club filed its defence with the Assembly admitting the buildings came after the lease, which said the government had to approve construction. Over the decades the club built its clubhouse, golf clubhouse, pool, two guest blocks, health club, administration block, mosque and a café in 2012. The Board of Revenue searched for permissions but none were on record. The club has not even paid its token Rs5,000 rent. The Additional Deputy Commissioner’s office sent a notice, dated 26 August 2020, saying that rent had not bee paid since 2011. Then the money. The club swears no public funds reach it but then lists them in the next breath: Rs2 million from President Zia in 1985, Rs2 million from PM Nawaz Sharif the same year, Rs50 million from CM Pervaiz Elahi in 2006, Rs10 million from CM Shehbaz Sharif in 2014. Four heads of government, four gifts from the public purse, to a private club. And who is the club for? Its rulebook answers. Every civil servant of Grade 18 and above may join for a token fee, and so may every commissioned officer of the armed forces. The other way to become a member is to inherit membership. The capture is not an accident of history. It is written into the founding charter. The roll of ordinary members, meanwhile, the club guards as confidential as if it were a list belonging to a Freemason Lodge. The instinct to maintain secrecy runs deep. When citizens used the Right to Information law to ask for the lease and the donor records, the club refused, and carried its refusal to the Lahore High Court, pleading, without blushing, that as a public limited company it was no “public body” and owed the public nothing. In January 2023, the court dismissed the plea. The land belongs to the state, the judge held. Handing over land worth billions of rupees almost free was an enormous benefit and rent of Rs5,000 a year “cannot be even termed as any rate whatsoever.” The same shrug was then offered to the Assembly when it asked who the club’s members were. Lahore Gymkhana — Credits: Express Tribune Institutionalising the giveaway The Gymkhana is no aberration. It is the template: in May 2023 the state made the template law. That month, a caretaker government in Punjab, an unelected stopgap whose only charge was to hold an election, approved a sweeping new policy. It had no mandate to make long-term land decisions but it made one anyway. On May 10 2023, the Colonies Department opened the door to hand prime state land to gymkhana clubs across the province, and fixed their rent at a tenth of market value. The discount was sewn into the rules. The Board of Revenue reports the harvest. The figure that matters is what the clubs actually pay, after the 90 per cent is shaved away: Rs20,000 an acre a year at Dera Ghazi Khan, Mandi Bahauddin, and Chiniot; Rs50,000 at Vehari, Sahiwal, and Dera Ghazi Khan; Rs60,000 at Kamalpur Syedaan in Attock; Rs100,000 at Saddar Gymkhana, Gujranwala; Rs120,000 at Jhang; Rs140,000 at Jhelum and Gujranwala City. An acre of prime city land, for the price of a secondhand motorcycle, every year. And the final irony: this generous policy, the Board says, does not reach the Lahore Gymkhana, because its lease is older. Elite enclaves on public land The Gymkhana is not the only refuge for the officer class in Lahore. Inside the GOR, that broad expanse of prime central land set aside for officialdom, stands the Punjab Civil Officers Mess on Tollington Road. At GOR’s gate stands the colonial Punjab Club. A short walk off, the Lahore Polo Club keeps its grounds and stables inside the Race Course, public parkland surrendered to horses and a handful of players. An exclusive school for the male heirs of the elite, Aitchison College (Chief’s College), spreads over 200 acres. None of these entities bought their land. It is public land, held in trust, enjoyed by the few. Islamabad tells the same story more starkly. The Islamabad Club, sprawled across 352 acres of CDA land, pays about three rupees an acre a month as its gates remain closed to ordinary citizens. The Gun and Country Club rose up on land meant for the Pakistan Sports Board; the Supreme Court declared it illegal in 2018 and ordered the land to be taken back, yet years later auditors could not trace some 38 acres, and the club sat on roughly 37 with no deed, no lease, no licence at all. The court said it aloud: there was no land in Islamabad for a public hospital [for the poor], but there was land aplenty for clubs for the rich. And the hunger has not eased. In Multan, the district administration moves to slice 15 acres off the Central Cotton Research Institute, founded in 1970, the cradle of more than forty cotton varieties, including the region’s first virus-free strain, to feed another gymkhana, while the country’s cotton reserves sit at a record low and we spend hard currency importing the very crop the institute exists to improve. The Pakistan Business Forum has written to the chief minister to stop it. The clubs took the parks. Now they reach into the seed bank. There has been an attempt to quantify this. In 2021, the UNDP put a number on the privileges captured by Pakistan’s elite. Cheap land and capital, tax breaks and soft inputs came to about $17.4 billion a year, which is nearly 6pc of the whole economy. The Gymkhana is merely a place where one may stand and watch the transfer happen: a 112 acres, for Rs5000. When the same hands value, grant, and enjoy the land This mechanism endures not through sloth but through strategy, as the actors make clear. The land belongs to the state. The men who grant it are senior civil servants in the Colonies Department, the Board of Revenue, the office of the Deputy Commissioner. The men who set the value of the land, and thus decide the rent, are with the same revenue service. And the men who enjoy the clubs are, by rule, civil servants of Grade 18 and above and senior officers of the armed forces. The same hands own the land, price the land, rent it, and carry the membership cards. When one cadre handles every aspect of a deal, its low price is no blunder. It is the purpose. No one at that table has any interest in making public land fetch a public price, for all of them gain from the opposite. The officer who would raise the rent, enforce the breach, or cancel the lease must act against his service, his colleagues, and likely his own leisure. That is what makes Sohaib Butt’s report so rare, and so telling. It took a man willing to go against the grain of his service to do the simplest thing: write down what the land is worth. This is the truth worth stating plainly. In Pakistan, real power does not change hands at the ballot box. Governments arrive and depart; the bureaucracy and elites abide. And on the matter of state land for clubs, those who never leave office and those who enjoy the clubs are one and the same. That is why such a file scarcely moves. And it is why it matters so greatly who, in the end, forced it into the open. Nestled within the Bagh-e-Jinnah, is one of the most picturesque cricket arenas of the world — Credits: Dawn archives Two-tiered justice The state can, of course, move on land with great speed if it wants. Take Islamabad, the capital that prides itself on order. For three months its bulldozers have flattened katchi abadis or the informal colonies where the city’s gardeners and nannies, washerwomen and labourers have lived for a generation. Around 25,000 people were driven out of Mulism Colony in Bari Imam alone. Settlements a quarter-century old, Rimsha Colony in H-9 and the largely Christian Allama Iqbal Colony in G-7, were marked for the same fate, along with the ancient villages of Saidpur and Nurpur Shahan.The state’s housing policy counts 60 such settlements in the city, home to between 300,000 and half a million souls; the CDA recognises barely 10 as lawful and brands the rest squatters. And here is the part that should silence the room: a Supreme Court order from 2015 was passed after the merciless clearance of the I-11 settlement left 25,000 people homeless. It stayed the summary evictions altogether. The bulldozers came regardless. The same legal system that cannot dislodge an unpaid colonial lease in 18 months had no trouble dislodging the poor in open defiance of its highest court. Punjab is no kinder about informality. It is just quieter about it. For three decades, it has promised to regularise its katchi abadis, and for three decades that promise has mostly stayed on paper. There is a law to sanction the work done and an agency to get it done but the number of settlements grows faster than the lists of “regularised” ones. Surveys are started and abandoned. Notifications are issued and forgotten. The poor who put up their housing on the edges of Lahore and Faisalabad and Rawalpindi live out their years in limbo, always one bureaucrat’s signature away from eviction. Three decades is a lifetime. A child born in one of these colonies has grown, married, and had children, and the family still cannot say for certain that the ground beneath their feet is legally theirs. Meanwhile, the new law enforcer is punishing and swift. The Punjab government created the Punjab Enforcement and Regulatory Authority (PERA), to clear what it deemed to be encroachments. It is aided by deputy and assistant commissioners and a uniformed force with black Vigos. Through 2025 PERA hired thousands of staff and opened stations across Lahore and beyond, as its drives targeted the small folk. Traders protested its methods: a shop photographed in the evening, sealed the next morning, fined Rs10,000 to Rs25,000, kept shut until the owner paid. Thella wallahs, vendors, kiosks punished for setting up on a footpath. But 112 acres of the city’s finest land, held on a dead lease, built over without leave, exempted by a rule the board invented, is “legitimate possession,” defended for generations. The bulldozer works swiftly for the weak but stalls for the strong. What Rs218 billion could buy instead of membership It is worth listing what Rs218 billion would buy in a place that cannot pay for medicine. In 2025-26, Punjab set aside Rs630.5 billion for its health sector, and proudly announced that for the first time this included Rs79.5 billion for free medicine. And yet Dawn reported that Rawalpindi’s three public hospitals (Holy Family, Benazir Bhutto, and the Teaching Hospital) were given a fraction of Rs4.5 billion they asked for. Their vendors are refusing to deliver stocks until the bills are cleared. The Lahore Gymkhana land, on the other hand, is worth Rs218 billion, or three times the free medicine funding. A single elite golf-and-dining estate, that pays Rs5000 in rent, is worth more than the tab for medicines in a province of 120 million people. The Assembly did its job It took an elected Assembly more than one attempt to set this right. The matter was brought up at the last session but did not move ahead for “mysterious” reasons. The House pressed further. A member moved an adjournment motion and the Speaker called it out: this was elite capture of state land. The Speaker formed a committee and for the first time in history, opened its hearings to the public and TV cameras. The House’s members killed it at the first sitting by placing on the record, all of them, that they sought no membership of the club, only the public interest. In a few weeks they ferreted out from their government two documents that settled everything. The first was the valuation, ADC(R) report (shown above), which turned Rs5,000 into a scandal by comparison. The second document ended the argument. The Law and Parliamentary Affairs Department gave a clean opinion on what the state may do: Clause 6 of the 1996 lease lets the government end the lease at any time, on six months’ notice. Clause 8 says that when it ends, the club is owed nothing for any building it raised. The Board of Revenue added that the state is bound to resume the land when public purpose requires it, or when the lease is broken. India reclaimed its gymkhana land by reading one clause of a lease. Punjab’s lawyers have now confirmed the province holds the same power to take back the Rs218 billion estate, with every building on it, on six months’ notice, and pay nothing. Credit for this denouement goes to the House of elected representatives. What they cannot do alone is sign the order. That pen rests with the executive, which is the same bureaucracy that would rather keep the file shut. Inside Lahore Gymkhana Cricket Museum, the first of its kind in Pakistan — Credits: Dawn archives Options The remedy is not exotic. The simplest one is to cancel the lease. The second option is to take back the land for public use, which is what Delhi did. We don’t need to look far to find precedent. When the Royal Palm Club in Lahore defaulted on its lease of Railways land, the state took the land back and pulled down structures. Indeed, members on both benches have said if it can be done to a club on railway land in Lahore, it can be done to a club on nazul (state) land in Lahore. The most durable option is a legal statute to dedicate the gymkhana estate to a fixed public use. And one use should unite the benches. The estate is a manicured, thirsty green in one of the most poisoned cities on earth. Take it back. Grow a native forest on it the fast and thick Miyawaki way and plan a park. Such greenery traps the dust, cools the air, and pushes back against the smog that sends people to our hospitals each winter. A golf course serves a hundred men. A forest would serve millions. We say the law protects everyone alike but we must admit it does not. The thella wallah is presumed to be illegal and is not given time to prove otherwise. The Lahore Gymkhana Club is presumed to be lawful no matter what the file says. Delhi has shown us the way. There was never a question of what the law allowed if elite land had to be taken back. The Assembly has proven this twice and put proof on record. What remains is the will to choose a public forest or park over a private fairway, the many over the few, the medicine over the membership. The House has spoken. The executive has not. For now, the silence belongs to the people holding the pen, and everyone can see why they would rather not sign.
India needs to challenge the legal basis of a proposed US tariff action that seeks to impose an additional 12.5% duty on imports from the country under a Section 301 investigation, trade policy think tank Global Trade Research Initiative (GTRI) said on June 3.The recommendation comes after the Office of the United States Trade Representative (USTR) proposed fresh duties on imports from 54 economies following a probe into the enforcement of restrictions on goods linked to forced labour.GTRI said that the investigation stretches the intended scope of Section 301, a trade enforcement mechanism traditionally used to address barriers affecting market access for American businesses in foreign jurisdictions, PTI reported.The current action is focused instead on whether countries regulate imports originating from third nations where forced labour concerns may exist, the think tank observed.Also read | Iran war puts Malhotra & Co in razor-edge policy bindThe proposed tariff rate of 12.5% for India and several other economies is also higher than the tariff ceiling committed by the US under multilateral trade rules, the think tank said.According to GTRI founder Ajay Srivastava, India should maintain that Washington is attempting to extend its domestic import-control framework beyond its borders through unilateral trade measures.He said such an approach falls outside the mandate of Section 301 and raises broader concerns regarding the use of trade policy to influence regulatory practices in other countries.The think tank further noted that concerns surrounding forced labour are often confined to specific products or sectors rather than entire economies. It argued that imposing country-wide tariffs may not be an appropriate response when targeted measures could address the underlying issue more effectively.Also read | CBDT tells tax officers to tighten scrutiny of unexplained income, assetsGTRI also viewed the proposed action in the context of ongoing trade negotiations between India and the United States, suggesting that the move could increase pressure on New Delhi as both countries work toward a bilateral trade agreement. It cautioned that India may face additional investigations under Section 301 in areas such as industrial overcapacity.The USTR initiated two separate Section 301 investigations in March this year covering 60 economies. One inquiry examined issues related to forced labour, while the second focused on concerns over excess manufacturing capacity.Following the conclusion of the forced labour investigation, the US has proposed additional duties on imports from 54 economies. Under the plan, imports from countries including Canada, Ecuador, Mexico, Indonesia, Pakistan and the European Union would face a 10% tariff. A higher duty of 12.5% has been proposed for 48 economies, including India and China.The proposal has not yet been finalised and is currently open for public consultation. Stakeholders have until June 22 to request participation in hearings and submit testimony summaries, while written submissions can be filed until July 6. Public hearings are scheduled for July 7.A final determination is expected in the coming weeks and could be announced before the expiry of the temporary Section 122 tariff measures on July 24. If approved, the additional duties may come into force shortly thereafter.The investigation does not allege the use of forced labour in India's export production. Instead, it examines whether India has adequate restrictions on imports sourced from third countries where forced labour concerns may arise.Inputs from PTI
The changes mandate foreigners in India on visas for 180 days or less to register themselves “any time before the expiry of the said period”
The federal cabinet has approved the nationwide implementation of a Track and Trace system for pharmaceutical products across Pakistan, Minister for Health Mustafa Kamal announced on Tuesday. According to an official handout, the system aims to strengthen public health and safeguard citizens from counterfeit medicines. The cabinet has also approved the necessary amendments to the Drug Labeling and Packing Rules, enabling the introduction of “a modern digital system for tracking and verifying medicines throughout the supply chain”, the statement said. “This decision marks a major and historic step towards eliminating counterfeit, fake and substandard medicines from Pakistan,” said Kamal according to the statement. “For the first time, every medicine in the country will be digitally traceable and verifiable, ensuring greater transparency, safety, and accountability,” he said. The statement noted that under the new regulatory framework, all pharmaceutical manufacturers and importers will be required to place standardised 2D barcodes and serialisation data on medicine packaging. The system will enable regulators to monitor medicines from production to consumption, helping to identify and eliminate counterfeit products from the market, it said. The health minister stated that once the system was implemented, consumers would be able to access authentic information regarding a medicine’s expiry date, price and verification status. This would empower them to make informed healthcare decisions and enhance public trust in the pharmaceutical sector, according to Kamal. The Drug Regulatory Authority of Pakistan (Drap) will oversee the nationwide rollout of the system. It will also issue detailed technical guidelines to facilitate the pharmaceutical industry’s compliance, the statement said. “Consultative meetings with relevant stakeholders have already been conducted to ensure a smooth transition,” it added. Kamal emphasised that the initiative would “significantly strengthen the security and quality of Pakistan’s pharmaceutical supply chain”, replacing conventional monitoring mechanisms with a modern digital framework. He highlighted that the adoption of advanced technology would position Pakistan among the leading countries in the region in pharmaceutical regulation and oversight. “The track and trace system will establish a strong and effective barrier against counterfeit medicines and ensure the protection of public health, lives and trust,” the press release quoted the minister as saying.
Representational image of different medicine pills seen in their original packaging in Brussels, Belgium August 9, 2019. — ReutersConsumers can verify expiry dates, price information.Drug makers must add 2D barcodes on medicine packs.Serialisation data to be mandatory on all...
The new provision, notified on 1 June, replaced the previous rule that required the registration ‘within fourteen days after the expiry of one hundred and eighty days of arrival in India.’
The new provision will replace the previous rule that required the registration "within fourteen days after the expiry of one hundred and eighty days of arrival in India."
The Hospital Authority has said its smart warehouse management system which uses automated robots has successfully streamlined the handling of medicine, freeing up pharmacists to focus on patient care. The system was implemented in late 2024 at the North District Community Health Centre, where robots carry designated drug shelves to workstations at the centre's warehouse to replenish drugs. This means pharmacists no longer need to search for and transport drugs. The authority's chief pharmacist William Chui pointed out that the time required for retrieving medicine has decreased from 20 minutes to only a few minutes. "If the pharmacists engage in the storage of the drugs, or other [logistical] or technical operations, they would spend less time on patients directly, so that's why we introduced this smart warehouse management system," Chui said. "It can provide more time for pharmacists, healthcare professionals or dispensers to take care of our patients. "The second benefit of introducing this new smart system is to ensure or enhance the medication system, and also for increasing the storage space by 20 percent," he added. Betty Leung, the pharmacy department manager at the North District Hospital – which also uses some of the medicine from the North District Community Health Centre – explained that the system has eliminated the need to reserve space for trolleys used for carrying medicine, increasing storage capacity. She also pointed out that there is a backup plan if the system fails. "We can call for a 24-hour support, and worse comes to worst, we can revert to our old mechanism of having staff going into the drug store to get the drugs." She added that the system also monitors the medicine inventory in real time, which would ensure no drugs would be used past their expiry date. Leung also said there are plans to expand the use of the smart warehouse management system. "In [health facilities that will be redeveloped], or new hospitals, new clinics, we can deploy this warehouse system to enhance the service." Edited by Aaron Tam
Nifty remains in a broad consolidation phase, with support clustered around 23,200–23,300 and resistance near 23,750–24,050, leaving traders watchful for a decisive breakout. While the broader structure stays constructive and buy-on-dips strategies are favoured, sentiment is tempered by repeated hurdles and late-week volatility, keeping the index range-bound with a cautiously positive undertone.DHARMESH SHAH HEAD OF TECHNICAL RESEARCH AT ICICI SECURITIESWhere is Nifty headed this week? The index is undergoing a healthy consolidation in the 23,800-23,200 zone that has set the stage to gradually head toward the 24,500 level in the coming weeks. Strong support is placed at 23,200. Some of the key observations are: Banking, auto, capital goods sectors have set a higher base while the IT sector is showing signs of revival near its decade-long support line. Brent crude oil has broken down below its one-month rising trendline support. Stocks above 50-day and 200-day SMAs within Nifty 500 rose to 68% and 45%. Nifty Midcap index broke out of a three-week consolidation to hit new record highs. Small-cap index bounced off its 52-week EMA base and sits 8% below all-time highs. Trading strategy: Decline towards 23,300-23,400 (Nifty Spot levels) should be used as a buying opportunity for a target of 23,900.TOP BETS FOR THE WEEK Tata Power: Buy at Rs 410-424, stop loss at Rs 392, target Rs 470The stock is rebounding after retesting the April 2026 breakout area of Rs 415. As per the change of polarity principle, the previous resistance is now acting as a strong support, offering a fresh entry opportunity with a favourable risk-reward setup. Sona BLW Precision Forgings: Buy at Rs 600–610, stop loss at Rs 588, target Rs 660. The stock has witnessed a cupand-handle breakout retest pattern, indicating inherent strength. It is now forming a higher-base formation while sustaining above its cluster of moving averages, signalling a revival of structure in the larger-degree time frame 131431542TANMAY SHAH RESEARCH HEAD, SIHLWhere is Nifty headed this week? Nifty remains in a broad consolidation range of 23,200–24,050 with a positive undertone, as long as it sustains above the crucial 23,200 support on a closing basis. Traders can adopt a buy-on-dips strategy with stops at 23,250 and targets near 24,200, though a decisive close below 23,200 would weaken the bullish structure and trigger profit-booking. Trading strategy: Traders with a moderately bullish outlook may consider a Bull Call Spread for the 9th June expiry by buying the 23,700 Call and simultaneously selling the 24,050 Call. The strategy offers a favourable risk-reward profile of nearly 1:2 while limiting downside risk, making it suitable for the current range-bound yet positive market setup. TOP BETS FOR THE WEEK: L&T: Buy at CMP Rs 4,074, stop loss at Rs 3,950, target Rs 4,240- 4,400. L&T trades firmly above its key moving averages, with a rising RSI and a bullish weekly structure, indicating a favourable risk-reward setup at current levels. Indian Energy Exchange: CMP Rs 128.31, stop loss at Rs 124.50, target Rs 134-139.80. The stock has formed a bullish double-bottom near its 50-day moving average, backed by strong volumes.SUDEEP SHAH HEAD - TECHNICAL AND DERIVATIVE RESEARCH, SBI SECURITIESWhere is Nifty headed this week? Nifty remains trapped in a broad consolidation phase, with the monthly chart reflecting indecision through a bearish candle and near-term sentiment tilting slightly bearish after Friday’s late sell-off, though indicators still lack trend strength. The immediate hurdle lies at 23,750–23,800, while support at 23,300– 23,250 is crucial—below which a slide to 23,000 is possible, whereas a move above 23,800 could revive short-term bullish momentum. Trading strategy: Since the Index is trading in a broader range with volatility, we advise traders to go long on Nifty only on a breakout above 23,800 with a stop loss at 23,500 for a target of 24,250. TOP STOCKS FOR THE WEEK Nuvama Wealth Management: CMP Rs 1,554, stop loss at Rs 1,480, target Rs 1,690-1,750. The stock continues to display a strong price structure, trading above key moving averages across timeframes and reflecting sustained bullish momentum. After a healthy consolidation, it has broken out with buying visible on dips, while relative strength against peers and the broader market remains favourable. Syrma SGS Technology: CMP Rs 1,088, stop loss at Rs 1,045, target Rs 1,160-1,180. Syrma remains in a strong uptrend, outperforming peers in the EMS space and holding firmly above key moving averages with sustained buying interest on dips. Momentum indicators stay supportive, and improving relative strength versus the broader market points to further upside potential.
Two farm owners questioned why they have to leave within the next year, when two other farms will still be operating in the same area for at least another 10 years.
LDF alleges that the contract with the company engaged in biomining legacy waste was renewed after its expiry without the council’s approval
The Indian stock market witnessed a sharp selloff on Friday afternoon, with the Sensex and Nifty falling over 1% as passive fund flows linked to the MSCI index reshuffle weighed on sentiment.Sensex dropped over 1,092 points to 74,776 while Nifty 50 crashed nearly 359 points to 23,547. This came as India VIX, which measures volatility in markets, jumped around 8% to 16.18. The sharp losses wiped off nearly Rs 6 lakh crore from the total market capitalisation of all companies listed on BSE, pulling it down to Rs 465 lakh crore.Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and Bank Nifty, as well as an index strategy for the upcoming week. The following are the edited excerpts from his chat:Nifty rollover for May expiry came in below both the three-month and six-month averages. Does this suggest traders are turning cautious near higher levels, or is it simply profit-booking after the recent recovery?In the month of May, the benchmark index Nifty traded within a narrow range of 1219 points, marking its smallest monthly range since December 2025. The rollover in the May series also came below the prior month and 3-month average. Notably, a majority of the trading sessions during the month witnessed either an upside or downside gap at the opening, followed by range-bound price action throughout the day. As a result, opportunities for intraday and short-term traders remained limited despite the frequent gap openings. But what made this phase even more unusual was the message hidden within the broader monthly price structure.On the monthly chart, Nifty has formed a bearish candle with shadows on either side, reflecting indecisiveness among market participants amid ongoing geopolitical uncertainties. Zooming into the final week of May, the index continued to trade within a narrow range for most of the week before witnessing a sharp decline during the final hour of Friday's trading session, which tilted the balance in favour of the bears. While the market remained range-bound for most of the week, the late sell-off has raised an important question—was this merely profit booking or the beginning of a larger directional move?From a technical standpoint, Nifty continues to trade below all its key moving averages. More importantly, these moving averages have flattened out, indicating the absence of a strong trend. The daily RSI remains in a sideways zone as per the RSI Range Shift framework, while the daily Stochastic oscillator is also moving within a narrow band. Adding to this, the trend strength indicator, Daily ADX, is placed at near 15 level and continues to decline, suggesting a lack of directional momentum in the index. While these indicators point towards a lack of trend, Friday's late sell-off has injected fresh uncertainty into the market setup.Talking about crucial levels, on the upside, the 20-day EMA zone of 23,750-23,800 is likely to act as an immediate hurdle for the index. On the downside, the zone of 23,300-23,250 remains a crucial support area. A breach below 23,250 could intensify selling pressure and open the doors for a decline towards the psychologically important 23,000 mark. With the index approaching key support levels, the market's next move could set the tone for the coming weeks.Bank Nifty rollover saw a sharper decline and futures data indicates short build-up despite price weakness. Are banking stocks likely to remain drags on the market in the June series?In the month of May, the banking benchmark index Bank Nifty traded within a narrow range of 3,550 points, marking its tightest monthly range since January 2026. On the monthly timeframe, it has formed a High Wave candle, reflecting market indecisiveness.During the past week, the index witnessed a strong upmove in the first half; however, it failed to sustain above the 55,500 level and subsequently underwent a sharp correction. This led to the formation of a bearish candle with a long upper shadow, indicating selling pressure at higher levels.At present, the index is trading below its key moving averages, which are trending downward, suggesting a weak bias. The daily RSI remains in a sideways zone as per the RSI range shift rules, indicating lack of clear momentum.Going ahead, the 53,500–53,400 zone is expected to act as an important support for the index. A breach below 53,400 could trigger further downside, with the next key support placed around 52,700. On the upside, the 50-day EMA zone of 55,300–55,200 is likely to act as a crucial hurdle.FIIs reduced nearly 9,800 index shorts while also adding fresh longs. Do you see this as the beginning of a more constructive stance from foreign investors, or is positioning still defensive overall?There were clear signs of short covering in Index futures between 21st May and 27th May, with FII net Index futures shorts reducing sharply from 2,31,190 contracts to 1,63,012 contracts. This also led to the long-short ratio improving from 11.80% to 16.14%, indicating a relatively constructive shift in positioning. On Friday, massive short positions were built up leading to net index futures short contracts once again rising to 2,01,309 and the long short ratio dipping to 11.98%. Similar phases of short covering in the past were quickly followed by aggressive selling, causing bullish expectations to fade rapidly. This pattern has persisted for quite some time and is likely to continue until there is greater clarity on the US-Iran deal, a meaningful fall in the Dollar Index (DXY), stability in crude oil prices, and depreciation in the dollar against the rupee. Until these external factors stabilize, FII sentiment is likely to remain cautious rather than decisively bullish.What are key levels to watch out for in June series? What triggers could push Nifty decisively beyond in either direction?Talking about crucial levels, on the upside, the 20-day EMA zone of 23,750-23,800 is likely to act as an immediate hurdle for the index. On the downside, the zone of 23,300-23,250 remains a crucial support area. A breach below 23,250 could intensify selling pressure and open the doors for a decline towards the psychologically important 23,000 mark. With the index approaching key support levels, the market's next move could set the tone for the coming weeks.IT continues to trade near 52-week lows with elevated open interest and negative carry. Is the sector still witnessing aggressive short positions, and what would it take for sentiment to improve meaningfully?The Nifty IT Index has rebounded nearly 8% from its 14th May low of 27,078. However, over the last seven sessions, the Index has remained range-bound between 29,747 and 28,678, indicating a lack of strong directional momentum. The RSI remains flat, while a subdued ADX reflects low volatility and absence of trend strength. Additionally, the MACD continues to trade below both the zero line and signal line, highlighting weak underlying momentum. On the Relative Rotation Graph (RRG), the Index has shifted from the lagging to the improving quadrant, suggesting early signs of momentum recovery, though relative strength remains limited. The Index continues to trade below its 50, 100, and 200-day EMAs, keeping the near-term trend weak. The 29,900–30,000 zone remains a crucial resistance area, and a decisive breakout above this level could trigger a stronger pullback rally in the IT pack.Given that the broader market structure remains range-bound with elevated volatility, should traders focus more on stock-specific opportunities rather than aggressive index directional bets in the June series?With the broader market remaining range-bound amid elevated volatility, traders are likely to find better opportunities in stock-specific setups rather than aggressive directional bets on the Index in the June series. The rising ratio line in the Midcap and Smallcap indices relative to Nifty highlights continued outperformance in the broader market space. Despite the strong bearish candle on 29th May, the overall market structure remains bullish, with no concrete signs of a major reversal yet. Currently, strength is visible in sectors such as private banks, PSU banks, financial services, and select midcap IT names. Meanwhile, the Index continues to react sharply to geopolitical developments, leading to frequent gap-ups and gap-downs that reduce trading clarity. In such an environment, strong price-action structures backed by robust technicals in trending sectors are likely to outperform across market conditions.What stocks are you looking out for?For the short term, Tamilnad Mercantile Bank, Nuvama Wealth Management, RR Kabel, Syrma SGS Technology, Krishna Institute of Medical Sciences (KIMS), and Minda Corporation are looking attractive based on their current market setup.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
[Capital FM] Nairobi -- Chief Justice Martha Koome has appointed Lady Justice Wanjiru Karanja as the Acting President of the Court of Appeal following the expiry of Justice Daniel Musinga's five-year term at the helm of the country's second-highest court.