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Markets End 4-Day Losing Streak, Sensex Closes At Points 85,265; Rupee Gains

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Markets End 4-Day Losing Streak, Sensex Closes At Points 85,265; Rupee Gains


Mumbai: Snapping a four-day losing streak, Indian stock markets ended higher on Thursday, helped by buying in IT shares as the rupee traded positive with gains against the US dollar.  

Gains, however, stayed modest as investors turned cautious ahead of the RBI Monetary Policy Committee’s decision scheduled for Friday.

The Sensex closed at 85,265.32, rising 158.5 points or 0.19 per cent. The Nifty also moved up, finishing at 26,033, higher by 47.75 points or 0.18 per cent.

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“The index mostly remained below the 21 EMA on the hourly chart, reflecting sustained selling pressure during the session,” analysts said.

“Technically, the 26,100–26,150 zone is expected to act as crucial resistance, while support is placed at 25,900–25,950,” they added.

“A fall below 26,000 may trigger a quick correction towards 25,950–25,900, as the chart setup appears weak on the hourly timeframe,” market watchers stated.

Broader market performance remained weak. The Nifty MidCap 100 index ended almost flat with a slight negative bias, while the Nifty SmallCap 100 slipped 0.24 per cent.

Among sectoral indices, Nifty IT was the biggest mover, jumping 1.4 per cent. Realty, FMCG, Auto, Pharma, Metal, and Chemical indices also saw buying interest.

On the other hand, Nifty Media dropped 1.45 per cent, and Bank, Financial Services, Consumer Durables, and Oil & Gas sectors also declined.

On the Sensex, the top gainers included TCS, Bharat Electronics, Tech Mahindra, Infosys, and HCL Tech.

Major laggards were Reliance Industries, Maruti Suzuki, Kotak Mahindra Bank, Titan, and Eternal.

Analysts said that the market managed a positive finish but stayed cautious as investors awaited key policy cues from the RBI.

“IT stocks outperformed, buoyed by renewed optimism around potential Fed rate cuts and favourable currency tailwinds, which strengthened investor appetite for the sector,” experts added.

Rupee traded positive with gains of 0.28 paise at 89.91 as markets await the RBI policy on Friday, especially after the currency hit all-time lows this week.

“Rupee range is seen between 89.80–90.25, with a breakout potentially taking it toward 89.25 on the upside or 90.75 on further weakness,” analysts said.



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RFK Jr.’s vaccine panel to vote on changing hepatitis B shot recommendation for babies

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RFK Jr.’s vaccine panel to vote on changing hepatitis B shot recommendation for babies


U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. looks on as he attends a press conference to discuss health insurance reform, at the Department of Health and Human Services in Washington, D.C., U.S., June 23, 2025.

Kevin Mohatt | Reuters

Health and Human Services Secretary Robert F. Kennedy Jr.’s hand-picked vaccine committee is scheduled to vote Thursday on whether to change a longstanding recommendation that every baby get vaccinated against hepatitis B within 24 hours of birth. 

It’s unclear if the panel, called the Advisory Committee on Immunization Practices, or ACIP, will significantly delay or eliminate that so-called birth dose of the shot entirely. The group tabled a vote on the vaccine in September because some members called for a more robust discussion first.

But either change could have wide-ranging consequences: Some public health experts say that having fewer newborns vaccinated against the virus could risk an increase in chronic infections among children. 

Hepatitis B, which can be passed from mother to baby during childbirth, can lead to liver disease and early death. There is no cure. 

“We have a vaccine that is highly effective at preventing an incurable disease. We should take full advantage of that,” Neil Maniar, a public health professor at Northeastern University, told CNBC. 

The birth dose recommendation was introduced in 1991 and is credited with driving down infections in kids by 99% since then. Maniar called that a “remarkable success story that we run the risk of reversing” if the committee changes the recommendation. 

Decisions by the panel are not legally binding, as it is up to states to mandate immunizations. But ACIP’s recommendations have significant implications for whether private insurance plans and government assistance programs cover the vaccines at no cost for eligible children. 

The panel’s upcoming two-day meeting in Atlanta comes after Kennedy earlier this year gutted the committee and appointed 12 new members, including some well-known vaccine critics. During the meeting in September, some advisors raised questions about whether the benefits of the shot outweigh potential safety risks. 

But the jab is “an incredibly safe vaccine with minimal risks,” Dr. Sean O’Leary, chair of the American Academy of Pediatrics’ Committee on Infectious Diseases, said during a media briefing Tuesday. 

“I never once saw a fever actually associated with hepatitis B vaccine,” said O’Leary, who practiced for eight years as a general pediatrician and worked in a newborn nursery. 

The AAP, which publishes its own vaccine schedule, still recommends the universal birth dose of the hepatitis B vaccine because “it saves lives,” he added.

A new review, published Tuesday, of more than 400 studies spanning four decades also found no evidence that delaying the universal hepatitis B vaccine birth dose improves safety or effectiveness. The review also found that the birth dose does not cause any short- or long-term serious adverse events or deaths.

A 2024 CDC study showed that the current vaccination schedule has helped prevent more than 6 million hepatitis B infections and nearly 1 million hepatitis B-related hospitalizations.

Merck and GSK manufacture the hepatitis B vaccines used starting at birth. Neither of the shots are significant revenue drivers for the companies. 

Still, Merck during the panel’s September meeting pushed back on changing the recommendation. 

“The reconsideration of the newborn Hepatitis B vaccination on the established schedule poses a grave risk to the health of children and to the public, which could lead to a resurgence of preventable infectious diseases,” Dr. Richard Haupt, Merck’s head of global medical and scientific affairs for vaccines and infectious diseases, said at the time. 



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IT Shares Extend Gains For Day 2 In Volatile Trade; Key Drivers Behind The Rally

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IT Shares Extend Gains For Day 2 In Volatile Trade; Key Drivers Behind The Rally


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IT stocks extended their rally for a second consecutive session on Thursday, clearly outperforming a highly volatile broader market

IT Shares

IT Shares

IT Share Price: IT stocks extended their rally for a second consecutive session on Thursday, clearly outperforming a highly volatile broader market. While the benchmark indices, Sensex and Nifty 50, swung sharply in both directions through the day, the IT pack remained resilient.

The Nifty IT index was up about 1.5 percent in afternoon trade, building on its over 1 percent rise in the previous session. With gains spread over two days, the index has now climbed more than 2 percent.

All 10 constituents of the IT index were trading in the green. Coforge led the rally with a gain of 3.19 percent around 1:30 pm, while Persistent Systems followed with a rise of 1.96 percent.

Shares of Tata Consultancy Services were trading at ₹3,230.40 on the NSE, up 1.58 percent and at their highest level in nearly three months. The sharp move came after a report said OpenAI is in advanced talks with the company to set up a large-scale AI compute presence in India and jointly develop agentic AI products for enterprises.

Other IT heavyweights such as Mphasis, Tech Mahindra, HCL Technologies, Wipro and Infosys also advanced, rising as much as 2 percent.

3 key factors behind the rise in IT stocks

1) Weakening rupee: The rupee slipped 28 paise to a fresh record low of 90.43 against the US dollar in early trade. It opened at 90.36 and weakened further amid sustained foreign fund outflows. A softer rupee typically supports IT exporters, which earn a large part of their revenue in dollars, by boosting rupee-denominated earnings and margins.

2) Hopes of a US rate cut: Recent US macroeconomic data have kept expectations alive for a potential rate cut by the Federal Reserve next week. Lower interest rates usually support economic activity and corporate spending, including technology budgets. Stronger IT spending in the US, India’s largest export market for software services, directly benefits domestic IT firms.

3) Positive brokerage commentary: Motilal Oswal said the IT services sector may be nearing an inflection point, with stronger growth likely over the next 6–9 months. The brokerage expects a pickup in the second half of FY27 and broader adoption through FY28 as companies move from pilot projects to full-scale deployment. It also noted that sector valuations are at decade lows despite stable profitability.

Last week, the brokerage upgraded Infosys to “buy” from “neutral”, citing its ability to benefit from rising enterprise AI spending. Mphasis and Zensar were also upgraded to “buy”, while Wipro was revised to “neutral” from “sell”.

Motilal Oswal expects IT services growth to stabilise and strengthen by FY28 as cloud spending normalises. Despite the ongoing rebound, the IT sub-index is still down 12.7 percent on a year-to-date basis, underperforming the broader Nifty 50.

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Good News For OCI Cardholders! Now You Can Complete NPS KYC Digitally From Abroad; Documents Required Are…

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Good News For OCI Cardholders! Now You Can Complete NPS KYC Digitally From Abroad; Documents Required Are…


New Delhi: Good news for Overseas Citizens of India (OCI)! The Pension Fund Regulatory and Development Authority (PFRDA) has updated its KYC rules. This makes the process much simpler for OCIs living abroad. They can now complete their National Pension System (NPS) KYC digitally from anywhere in the world without needing to travel to India. This move removes the earlier requirement of being physically present in the country.

Required Documents for KYC Verification

For OCI cardholders completing NPS KYC, the accepted Proof of Identity (PoI) includes the OCI card along with their foreign passport. For Proof of Address (PoA), the document must clearly show the current overseas address. It can be provided either through the foreign passport or a government-issued driving licence from the country of residence.

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Important Guidelines for Document Submission

– All submitted documents such as passport, visa, and OCI card must be valid on the date of onboarding.

– Documents in any foreign language must include a certified English translation.

– Expired documents will not be accepted, unless allowed under the Prevention of Money Laundering (PML) rules.

– Subscribers must ensure that all documents are genuine and accurate.

KYC Update Process for Existing OCI Subscribers

– Existing OCI NPS subscribers can update their KYC records through the overseas branches of their respective banks.

– If there are no changes in the KYC details, a simple self-declaration via email, registered mobile number, or other approved methods is enough.

– Updates can be submitted digitally or through attested documents, making the process easier and more convenient from abroad.

OCI subscribers need to make their NPS contributions through inward remittances using regular banking channels. When it comes to withdrawals, the proceeds are credited to NRO or NRE accounts and can be repatriated in line with FEMA rules. If a subscriber’s status changes from NRI/OCI to resident, they must inform the authorities within three months so their records can be updated accordingly.



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