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INTERVIEW: Russia is part of Europe, it cannot be wiped off map — top senator
It cannot be wiped off map, Valentina Matviyenko said
"WIPED" · 총 30건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 84,177건을 분석한 결과, 뉴스 심리지수는 50.3(균형)입니다. 긍정 4,242건(5.0%)·중립 77,945건(92.6%)·부정 1,990건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.9(중도 균형)입니다.
It cannot be wiped off map, Valentina Matviyenko said
New attacks in the Middle East on Friday threatened to unravel an already fragile US-Iran ceasefire. Weeks of complex talks marked by threats and flare-ups of violence have failed to secure a deal to end the war and reopen the Strait of Hormuz, a key conduit for global energy flows. A ceasefire in the Middle East war, triggered nearly 100 days ago by US and Israeli strikes that wiped out Iran’s top leadership, has been in place since April 8. But tensions surged again on Friday when the US military said it struck radar sites in Iran after downing drones headed toward the strait. Shortly after, air raid sirens sounded in neighboring Gulf nations Kuwait and Bahrain — both US allies — and AFP correspondents in both countries heard explosions. Iran’s Revolutionary Guards said early on Saturday they had targeted “enemy bases in the area” with missiles in response to a US “invasion” of the country’s Sirik and Qeshm islands. US Central Command (Centcom) said Iran launched seven ballistic missiles toward Kuwait and Bahrain. Centcom said six of the missiles were downed while the seventh “did not reach its intended target”. “There are currently no reports of harm to US personnel, and Iranian claims of damaging US 5th fleet headquarters in Bahrain are false,” the command said in a statement. The latest flare-up came despite the United States moving ahead with allowing Iran’s national football team to travel to the FIFA World Cup it is co-hosting with Canada and Mexico. US Ambassador to Turkey Tom Barrack confirmed the visa issuances, saying that “sports transcends borders, and we look forward to welcoming competitors and fans from around the world”. However, Iran’s Fars news agency reported that visas had yet to be issued for some members of the team’s “technical and executive staff”. An unnamed US administration official said in a statement: “We will not allow the Iranian team to abuse this system to sneak terrorists into the United States under false pretenses.” The team is due to fly from Turkey to Spain on Saturday before traveling on to their base camp in Mexico, where they will arrive on Sunday. Trading strikes Earlier Friday, Centcom said its forces also downed four Iranian drones headed toward the Strait of Hormuz before striking Iranian coastal radar installations in Goruk and on Qeshm Island. “The attack drones posed an immediate threat to regional maritime traffic,” while the strikes on radar installations “defend against further attacks,” it said in a statement. Iranian state television IRIB reported early on Saturday, local time, that “several explosions were heard” in Sirik in southern Iran at around 2:30am (2300 GMT Friday). “Following the invasion of the child-killing and terrorist US army into Sirik and Qeshm Island, enemy bases in the region were hit by aerial missiles,” IRIB reported, quoting the Guards after the US strikes on Iran. Kuwait’s military said early on Saturday it was responding to “hostile” missile and drone attacks, days after a strike on the country’s international airport killed one and wounded dozens. “Kuwaiti air defenses are currently responding to hostile missile and drone attacks,” the military said on X, without specifying their origin. US President Donald Trump told NBC News on Friday that Iran still retained roughly “21, 22 per cent” of its missile stockpile despite repeated claims from US officials that Tehran’s military capacity had been crippled. That figure was higher than the 18pc Trump gave in May. Lebanon asks for ‘mercy’ Efforts to turn the truce into a lasting settlement have repeatedly stalled, while the conflict has rattled global markets and increased political pressure on Trump at home ahead of midterm elections. “The negotiations are at a deadlock and Trump must break this deadlock,” Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, told CNN in an interview on Friday, as he called for the release of frozen Iranian assets to the tune of “$24 billion”. Lebanon — which was drawn into the Middle East war when Hezbollah attacked Israel on March 2 — called on Friday for Iran to stop interfering in its affairs. Israel and Hezbollah traded attacks after a new truce deal was flatly rejected by the group. Lebanese Prime Minister Nawaf Salam addressed Iran’s leaders in frank terms during a press conference, saying: “Have mercy on our south, stop treating it and its people as merely a bargaining chip.” “We are the people of a sovereign nation that refuses to serve as … an open battlefield for their wars.” Iran’s Foreign Minister Abbas Araghchi took aim at similar criticism from Lebanese President Joseph Aoun early on Saturday, calling on him to save Lebanon from its “real foe”. Iran, in peace negotiations with Washington, has insisted that the fighting in Lebanon and the war in the Gulf are inextricably linked.
One of the most violent chapters in EVE Online history wiped out an empire that had taken years to build.
The former prime minister plans to travel to Dubai after receiving a royal pardon that wiped out the remainder of his prison sentence.
A fake note blamed 'bahu'. A son slaughtered his family for ₹1.5 crore. His accomplice killed him too. But why did the killer spend the night cleaning — with 4 bodies still inside?
IN November 1970, the Bhola cyclone killed up to half a million people in East Pakistan. Yahya Khan’s government introduced a 10 per cent surcharge to fund emergency relief. Bangladesh became independent 13 months later. The affected territory was gone. The levy remained. Zulfikar Ali Bhutto’s government absorbed the revenue into general federal accounts in 1972. No accounting was published. In 1985, Gen Zia introduced the Iqra surcharge, framed as an education fund. The revenue balanced federal operating accounts. No alternative education instrument replaced it when it was abolished under the IMF’s insistence. The template was set. Fifty years later, Pakistan has not deviated from this template. What began as a cyclone surcharge is now a Rs1.55 trillion instrument misclassified as non-tax revenue. The architecture is identical but the scale has changed. Pakistan has pursued this through two parallel tracks. The first collected resources in the name of disaster relief, later rebranded as climate resilience as floods became more frequent. The second imposed non-tax revenue through petroleum pricing. The petroleum development levy (PDL), a general development surcharge dating to 1961, was structurally insulated in 2010 to bypass provincial NFC sharing. It grew steadily, crossing Rs100 billion annually by the mid-2010s and exceeding Rs200bn by FY2018-19. Although never formally framed as a climate instrument, it has acquired a distinct environmental gloss, culminating in the climate support levy of 2026. The flooding track: The 1973 floods wiped out three million houses and erased a year of economic growth. Bhutto created the Federal Flood Commission. Three consecutive 10-year national flood protection plans followed, running from 1978 to 2008 across four governments, each funded through the PSDP with no ring-fencing. Pakistan suffered catastrophic floods throughout. Three decades of federal plans, without a rupee ring-fenced. No relief fund has ever been legally ring-fenced. Since 1992, when Nawaz Sharif’s government first activated the prime minister’s relief fund model, Pakistan has deployed the same instrument at least five times across floods and earthquakes. The design is deliberate: by classifying flood revenue as voluntary donations rather than taxation, governments simultaneously escape parliamentary scrutiny, judicial challenge and NFC distribution requirements. Benazir Bhutto deployed the identical model after the 1994 floods. So did every government after 2010. The 2010 floods affected 20m people and caused $43bn in damages. The government announced a flood relief surcharge projecting Rs40bn, collected it, and absorbed it into the federal consolidated fund while simultaneously negotiating IMF targets. After the 2022 floods, the government quietly renamed its existing super tax: Section 4B, whose stated purpose was rehabilitation of temporarily displaced persons, became Section 4C, a super tax on high-earning persons. The humanitarian justification was dropped without explanation. The revenue mechanism stayed the same. Three findings hold across every instrument. No relief fund has ever been legally ring-fenced: every prime minister, president and chief minister relief fund is credited to the account of the federation, making it general government money. International pledges substitute for domestic accountability rather than supplementing it. And every fund since 2005 has carried a public commitment to publish an independent audit. None has been published. Justice Saqib Nisar’s 2018 dam fund collected Rs11.5bn from the public in the name of water security, earned Rs2.2bn in mark-up over six years, and was quietly transferred to the public account of the federation in 2024 without a single rupee spent on the stated objective. If money raised under the highest judicial authority in the country can still end up in the general budget, no argument remains that any executive fund can be trusted to do otherwise. The petroleum track: Climate change has been weaponised as a justification to tax citizens. Gen Musharraf used clean-fuel rhetoric to justify development surcharges during the CNG transition without a single rupee being traced to a cleaner fuel outcome. In 2009, the Supreme Court under chief justice Iftikhar Chaudhry ruled that revenue collected without a verifiable service to the payer is a tax, not a surcharge, and that imposing it by executive notification violates Article 77. The response was the Petroleum Products (Development Levy) Amendment Act, 2009, that satisfied the court’s procedural requirement while eliminating any ring-fencing obligation. The consequences are calculable. At Rs1.55tr, the PDL represents 10-11 per cent of total federal revenue. Under the seventh NFC Award, provinces are entitled to 57.5pc of all taxes. If correctly classified, Punjab would receive Rs461bn annually, Sindh Rs219bn, KP Rs13bn and Balochistan Rs81bn. They receive zero. It is a tax called a levy because of the NFC Award. The classification is deliberate. PML-N elevated PDL margins in 2016 on the justification that the premium would fund cleaner fuel production. The revenue went instead to IPP capacity charge payments and circular debt service, which reached Rs1.14tr by FY2017-18. The revenue collected in the name of cleaner fuel financed the liabilities of a fossil-fuel-dependent power grid. The PTI then scaled the PDL to Rs424bn, the highest in Pakistan’s history, while branding it a carbon instrument aligned with its Ten Billion Tree Tsunami project. In March 2022, it froze the levy at zero for political reasons. The IMF suspended a $1bn tranche within weeks. A climate-labelled levy had become a macroeconomic emergency. Across 23 programmes since 1958, the IMF has required Pakistan to enhance the PDL without requiring it to distribute the revenue constitutionally. The way forward: Can the PDL be ring-fenced or audited? Ring-fencing 15pc of PDL collections into a sovereign climate fund (SCF) would deploy Rs232bn annually, shared with provinces under the NFC Award and structured as a statutory trust. Following global benchmarks, it can leverage private investment at a ratio of one to four, unlocking approximately Rs900bn in total climate finance conditioned on climate resilience outcomes aligned with Pakistan’s commitments. The IMF objection is predictable but answerable. The SCF does not reduce total PDL collections. Tabled in the next programme negotiation as a structural benchmark rather than a provincial concession, the IMF’s incentives align with the reform rather than against it. The question is not whether Pakistan can create such a fund. It is whether any government is willing to surrender a revenue stream that it has prized too much to ring-fence. The writer is a climate expert. Published in Dawn, June 4th, 2026
WASHINGTON: US Secretary of State Marco Rubio told lawmakers on Wednesday that Washington’s military campaign against Iran, codenamed “Operation Epic Fury”, had concluded and that any subsequent American military action would be defensive in nature rather than part of an ongoing offensive operation. Rubio made the remarks during a House Foreign Affairs Committee hearing when members of Congress questioned the administration’s assessment of the conflict and its aftermath. His comments came amid continuing concerns over regional security, the deployment of US forces across the Middle East and the closure of the Strait of Hormuz, a vital maritime route through which a significant share of the world’s oil exports pass. During the hearing, Rubio announced, “We’re no longer conducting sustained strikes inside of Iran to degrade their military, because Epic Fury is over.” Later, he reiterated: “Epic Fury is over … that operation has concluded.” Rubio argued that the operation was a “victory” as Washington achieved its objectives by severely degrading Iran’s conventional military capabilities. According to the secretary, the United States had destroyed Iran’s defence industrial base, significantly reduced its missile launchers and drone stockpile, destroyed what remained of its air force and wiped out its conventional navy. “Those are all gone,” Rubio said. “So, I consider that victory, and we did, too. And that was the purpose of Epic Fury.” He also noted that despite the extensive damage inflicted by the United States and Israel, Iran retained some drone and maritime combat capabilities. Rubio’s comments prompted a sharp exchange with Democratic Representative Sara Jacobs, who questioned the administration’s assertion that the war was over while American troops remained deployed across the region and the Strait of Hormuz remained closed. Jacobs asked: “You can change the name of the operation, it doesn’t change the fact that the Strait’s still closed, and my service members and all of our service members are still in harm’s way.” She continued: “I’d like to talk about the war in Iran. Yesterday, in your testimony, you told Senator Booker that the war in Iran is over. This is news to me. It’s also news to my 2,500 constituents Marines, San Diego, Marines, in the Middle East, the other of my constituents who are deployed there and the thousands more of my constituents who have 48-hour deployment notices whose families are still very concerned.” Jacobs said she was willing to accept the secretary’s claim but still had a question for him: “Who won?” Responding, Rubio defended the administration’s definition of victory and said the operation had accomplished the goals set by Washington. “We’re no longer conducting sustained strikes inside of their military because Epic Fury is over. The second point, as on the question of who won, I can tell you this: we define victory. “We define victory as destroying their defence industrial base significantly, reducing the number of missile launchers that they possess significantly, reducing the stockpile of drones,” he added. “And we achieved all of those in addition to destroying what they had left of an Air Force and wiping out their entire conventional navy. Those are all gone, so I consider that victory and we did too, and that was the purpose of Epic [Fury]“ The lawmaker countered his argument, saying that, “You can change the name of the operation, but it doesn’t change the fact that the Strait of Hormuz is still closed and my service members and all of our service members are still in war.” In a further exchange during the hearing, Jacobs accused Rubio of failing to recognise that the administration was “losing this reckless war of choice”. She added a personal remark, saying: “And just like you couldn’t admit that the shoes the president bought you were too big, you clearly don’t know what winning means.” Secretary Rubio appeared momentarily confused by the reference and responded with frustration: “I don’t know what shoes she’s talking about… They’re some Florsheim’s. They’re actually pretty good. They fit fine.” Jacobs then challenged the administration’s claims regarding Iran’s military capabilities, citing intelligence assessments. “Our intelligence community has said that Iran is reconstituting its military industrial base faster than we had predicted,“ she said. “Analysts assess it still holds roughly 70% of its missile stockpile and 70% of its mobile launchers,” said the lawmaker. Jacobs further argued that the strategic situation had deteriorated since the conflict began. “The Strait of Hormuz was open before the war, it is now closed…” Secretary Rubio pushed back on her assertions, disputing the basis of the intelligence being referenced. “Well, first of all, I don’t know what intelligence assessments you’re referring to.” “We wouldn’t discuss intelligence assessments if they were real.” The exchange highlighted the continuing debate in Washington over the consequences of the conflict with Iran. While the administration maintains that the operation successfully achieved its military objectives and has now ended, critics argue that threats to US forces and instability in the Gulf region persist despite the cessation of large-scale American strikes. Rubio’s remarks nevertheless marked the clearest public declaration by the administration to date that the military phase of “Epic Fury” has concluded and that the United States no longer considers itself engaged in an offensive campaign against Iran. Political aims, diplomacy debate Rubio also told lawmakers that while the administration would welcome political change in Iran, it was not the objective of the US military mission. “We would love to see a change in Iran and that they be governed by people,” Rubio told the Committee after Republican Congressman Michael McCaul expressed hopes for a “free Iran”. However, he stressed: “That was not the goal of our mission,” adding that the objective was to deprive Tehran of the ability to threaten the region with missiles, drones and a potential nuclear weapons capability. “The goal of our mission was to take away their ability to threaten the region with an overwhelming number of missiles and drones,” he said, adding that the US had to prevent Iran from “break[ing] out to a nuclear weapon.” The hearing also featured sharp criticism from Democrats. Representative Gregory Meeks, the ranking member of the committee, accused the Trump administration of abandoning diplomacy and escalating regional conflict. In prepared remarks, Meeks said President Trump had promised Americans “no new wars — only to send a new generation of troops back to the Middle East.” He argued that the administration had “traded dialogue for bombs yet again” and claimed that “America First” had left the United States isolated. “The record says otherwise on all three,” Meeks said, referring to Rubio’s pledge to make America “safer, stronger, and more prosperous”. He added that Americans were “not safer while fighting an unnecessary war” and “not more prosperous when this administration has done everything it can to enrich the president and his allies, while everyday Americans struggle to afford groceries, gas, and healthcare”.
Siobhan Perry's mother Kathlene Perry (pictured), 61, swiped the card from a woman in her 90s while pretending to be her carer.
Antony Whelton, known as Tony, purchased an apartment for £185,950 in 2008 that ultimately proved impossible to sell - with other flats now being listed for as little as £7,500.
Wise said it was working with the public prosecutor in Brussels over money laundering allegations - provoking a tumble that saw shares tumble nearly 20%.
The alleged murderer was reportedly deported three times, and ICE was unable to deport him again after he was arrested on a DUI charge last June due to California's sanctuary laws.
President Trump swiped at Pope Leo XIV and Chicago Mayor Brandon Johnson (D) on Saturday after the two met in Rome, saying someone at the Vatican should have advised the pope not to meet Johnson because he is “useless.” “Someone should explain to the Pope that the Mayor of Chicago is useless, and that Iran...
UN health chief Tedros Adhanom Ghebreyesus landed on Saturday in the eastern Democratic Republic of Congo (DRC) province worst-hit by a severe Ebola outbreak. The World Health Organisation’s director general told reporters in Bunia, capital of Ituri province, that the international community was helping the DRC government cope with the outbreak, but “at the same time, community ownership is important”. He said that was the reason for his trip: “We are here to discuss with the community, to see how the response is running and if there are challenges to help.” The highly contagious haemorrhagic fever is already present in three eastern DRC provinces and in neighbouring Uganda, where nine confirmed infections, including one death, have been recorded. There have been at least 1,077 suspected cases of Ebola in the DRC since the outbreak was declared on May 15, including 246 deaths, the Africa Centres for Disease Control and Prevention said on Thursday. The true reach of the outbreak in the DRC, which is thought to have been circulating before it was detected, is likely to be much wider, the WHO has warned. The vast, unstable central African country — whose impoverished east has been plagued by three decades of conflict — has limited capacity to conduct laboratory tests to confirm cases. Conflict and Ebola Uganda closed its border with the DRC this week and ordered a 21-day quarantine for anyone arriving from that country. On Friday, the WHO announced that a patient had recovered on Wednesday, left hospital and was discharged into the community after two negative tests. WHO’s Anais Legand told reporters in Geneva it marked the “first” among patients who had been confirmed Ebola carriers in the current outbreak. Ebola, which is passed on through close contact and bodily fluids, has killed more than 15,000 people in Africa over the past 50 years. The deadliest outbreak in the DRC claimed nearly 2,300 lives out of 3,500 cases between 2018 and 2020. The medical charity Doctors Without Borders (MSF) said in a statement of the latest outbreak that “never has an Ebola epidemic recorded so many cases in the first days after it being declared”. It said the numbers of medical experts being deployed to the region was still insufficient. State services are largely lacking in Ituri province, where access is hindered by insecurity due to the presence of Islamic State-affiliated Allied Democratic Forces militants and other militias that regularly kill civilians. The nearby North and South Kivu provinces, which have also seen Ebola cases in the outbreak, have been plagued by near-continuous violence for three decades. Swathes of the region are controlled by the Rwanda-backed armed group M23 which has been battling government forces. Millions of people have fled the fighting and are living in displacement camps with poor hygiene conditions. Nearly a million of those displaced are in Ituri province, where the prospect of the epidemic spreading throughout the camps has sparked alarm. “If Ebola comes, we’ll be wiped out as we’re packed like sardines,” Dorcas Mapenzi said at the Kingonze camp on the outskirts of Bunia. No vaccine or specific treatment exists for the Bundibugyo strain of Ebola, which is behind the current outbreak. But the head of the CDC Africa said on Thursday that a vaccine should be ready by the end of the year.
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)
Ferrari’s first electric car just wiped billions off the company’s value in a single day – but this is far from the first time a car has threatened to undo its own manufacturer.
Punjab Chief Minister Bhagwant Singh Mann described the results as yet another endorsement of the AAP government’s governance model.
For over three decades, every ruling party in Karnataka that changed its leader midway through a legislative term has been completely wiped out in the subsequent assembly polls
Kejriwal thanked voters for what he called a “spectacular victory” and said the mandate reflected support for the Bhagwant Mann government.
Aam Aadmi Party secured a significant victory in Punjab's urban local body elections, prompting AAP chief Arvind Kejriwal to declare the "ED party" (BJP) wiped out. Kejriwal accused the BJP of harassing traders, stating people had taken revenge.
He underlined that a “spectacular” victory was achieved in urban areas, a key area for the party in Punjab ahead of assembly polls due early next year.