Business
Indices extend losses, Sensex declines nearly 1K pts
Indian equity benchmarks extended their losses from the previous session and tanked sharply due to weak global cues amidst high volatility.
Asian stocks fell as the US inflation for April stood persistently high, which dented investors’ confidence.
The US April inflation print came at 8.3 per cent from a year ago, slower than March’s peak of 8.5 per cent. But it is the highest in over 40 years.
At 11.03 a.m., Sensex was down 975 points or 1.8 per cent at 53,114, whereas Nifty was down 302 points or 1.9 per cent at 15,865.
“Even though DII buying is more than FII selling now, that is not enough to lift sentiments in the market since the macro headwinds are strong,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
“Market’s preference for value over growth is reflected in the strength of high quality banking stocks which are even now at buyable valuations.”
Nifty continues to look weak and some more downside is expected before stability and a short term reversal, said Deepak Jasani, Head of Retail Research, HDFC Securities.
“16,000-16,197 could be the band for the Nifty in the near term,” said Dasani.
Business
Nifty above 25,000 keeps bullish trend intact despite Friday’s dip: Market experts

Despite snapping a three-session winning streak on Friday, the Nifty’s ability to hold above the key 25,000 level and major long-term moving averages signals that the broader market structure remains positive, with analysts advising investors to buy on dips as long as critical support zones remain intact.
However, technical analysts said the recent correction has not altered the broader bullish setup.
According to market experts, the Nifty continues to maintain a positive weekly structure following its breakout above a previous swing high and a falling trendline resistance.
The index remains comfortably above its 50-week exponential moving average near 24,037 and its 200-week exponential moving average around 22,451, indicating sustained strength in the longer-term trend.
Analysts noted that while the latest Doji-like candlestick formation suggests some indecision and hesitation at higher levels, holding above the breakout zone will be crucial to preserving bullish momentum.
“On the upside, immediate resistance is placed at 25,350 and 25,800. A sustained breakout above this zone could open the door for further upside towards higher levels. On the downside, immediate support is seen in the 24,800–25,000 zone, which will remain crucial for sustaining the current bullish structure,” analysts stated.
“A sustained hold above this support region could attract fresh buying interest, while a decisive breakdown may lead to further consolidation. Traders may maintain a positive bias while remaining watchful of intermittent profit booking at higher levels,” according to the market experts.
For the Sensex, analysts identified the 81,300-81,000 range as immediate support, with the next support zone placed between 80,700 and 80,500.
They said the index will need to hold above these levels to sustain the current positive trend.
“Sensex closed lower on Friday, giving back a portion of its recent sharp gains. The immediate resistance is placed around 81,900–82,200, followed by 82,500. A sustained move above these levels could open the way for further upside,” market experts noted.
“On the downside, 81,300–81,000 forms the immediate support zone, followed by 80,700–80,500. Holding above the immediate support range will be important to preserve the prevailing positive momentum,” analysts noted.
Business
NITI Aayog to launch national workshop series on lessons from 25 years of PM Modi’s leadership

NITI Aayog will launch a series of five national workshops on Tuesday to draw lessons from 25 years of Prime Minister Narendra Modi as Head of Government, with the series studying this quarter century of public leadership so that its lessons become part of the nation’s shared knowledge, according to an official statement issued on Sunday.
It will document the experiences of those who were part of this journey and translate them into knowledge that benefits all, according to an official statement issued on Sunday.
The Prime Minister assumed office as Chief Minister of Gujarat on October 7, 2001. After serving for more than 12 years in that office, he assumed office as Prime Minister in May 2014 and is now serving his third successive term. With the completion of 25 years on October 7, 2026, this marks the longest continuous tenure at the head of an elected government in India. Throughout this period, governance has been anchored in the idea of the ‘Pradhan Sevak’, under which every office of government exists to serve the citizens.
Antyodaya has set the measure of progress at the last person. Jan Bhagidari has made development a people’s movement. The principle of Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas has further strengthened this as a shared national undertaking. The goal of Viksit Bharat by 2047 has provided this approach a long horizon, asking every institution to plan and act for India as it approaches the centenary of Independence, the statement said.
Much of what India has learnt about governing at this scale is held in the experience of the officers, institutions, and citizens who took and carried through these decisions. The series will record their first-hand accounts and examine them with academic rigour. It will develop them into institutional learning material, including case studies, research papers and teaching material, for civil servants, training institutions, universities, students and the wider public.
The five national workshops will focus on the following governance themes: “Leadership as Mission” in November 2026, “Governance as Delivery” in January 2027, “Development as Inclusion” in April 2027, “Civilisational Identity” in July 2027, and “India as a Global Force” in September 2027.
The first national workshop, “Leadership as Mission”, will be held at Bharat Mandapam, in the national capital on November 17. It will study leadership through the specific decisions in which it becomes visible and the manner in which those decisions are translated into outcomes for citizens.
Around 900 participants are expected to attend the workshop, of whom 250 will participate directly in the deliberations. These will include 150 government officers, including Secretaries and senior officers of the Union and state governments and District Collectors of Aspirational Districts. The participants will also include 25 students of leading institutions and universities, and 50 community partners and beneficiaries of national flagship schemes. The group discussions will be guided by 25 case facilitators trained under the Amrit Gyaan Kosh initiative of the Capacity Building Commission. The proceedings will be streamed on the iGOT Karmayogi platform.
Business
IndiGo flight returns safely to Pune after landing gear snag

An IndiGo flight bound for Guwahati returned safely to Pune airport on Sunday morning after experiencing a technical issue involving its landing gear shortly after takeoff, prompting the Indian Air Force to declare a full emergency as a precautionary measure.
The aircraft, operating as flight 6E 0623 (VT-IZE), had departed from Pune for Guwahati when the crew detected that the landing gear had failed to retract and remained extended.
The pilot immediately informed Air Traffic Control (ATC), following which airport authorities coordinated with IndiGo and other relevant agencies to manage the situation.
A full emergency was declared, and fire tenders, ambulances and emergency response teams were deployed and kept on standby to ensure the safety of passengers and crew.
As part of standard safety procedures, the aircraft conducted a low pass over the runway, enabling authorities to visually inspect the landing gear before approving its return.
The aircraft subsequently landed safely at Pune airport at 9.04 a.m. After touchdown, it was escorted to Bay No. 7 by emergency vehicles, including three fire-fighting trucks and two ambulances.
Following confirmation that the aircraft was in a safe and normal condition, the emergency was withdrawn at 9.10 a.m.
All 192 passengers and crew members were safely deboarded through an aerobridge, and no injuries were reported.
IndiGo said it has arranged an alternate aircraft from Bengaluru to operate the Pune-Guwahati service and minimise disruption to affected passengers.
In a statement, the airline said flight 6E 623 returned to Pune after a technical snag was detected shortly after takeoff and that all relevant authorities were informed in accordance with standard operating procedures.
“IndiGo flight 6E 623, operating from Pune to Guwahati on 15 November 2026, returned to origin and landed safely at the Pune International Airport after a technical snag was detected shortly after take-off. In line with standard operating procedures, all relevant authorities were immediately informed,” the spokesperson stated.
“The aircraft is undergoing maintenance checks and will resume operations after securing necessary clearances. An alternate aircraft has been arranged promptly to operate the flight,” the airline added.
IndiGo also said it is providing passengers with regular updates, meals and refreshments, alternative travel arrangements and refunds where applicable, while expressing regret for the inconvenience caused.
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