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Stocks to buy: What’s the outlook for Nifty for the week starting October 27? Check list of top stock recommendations – The Times of India

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Stocks to buy: What’s the outlook for Nifty for the week starting October 27? Check list of top stock recommendations – The Times of India


Top stocks to buy (AI image)

Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Cummins India, and Blue Star. Here’s his view on Nifty, Bank Nifty for the Diwali week starting October 27, 2025:Nifty View:The benchmark index Nifty has delivered a strong performance through October, advancing over 1500 points from its low of 24588 in just 15 trading sessions. This sharp upward move was driven by festive optimism, steady domestic inflows, and supportive global cues, reflecting a robust bullish sentiment.During the Diwali week, the index approached its all-time high, raising expectations of a breakout. However, it failed to sustain the momentum and encountered profit booking, indicating a shift in investor sentiment following the rapid rise.This slowdown has led to the emergence of a Shooting Star-like candlestick pattern on the weekly chart, which typically signals a potential reversal or exhaustion in the prevailing trend. The pattern suggests that while buyers attempted to push prices higher, they faced resistance. A confirmation candle, usually a bearish follow-through, will be essential to validate this reversal signal.From a momentum perspective, the daily RSI had reached a high of 72.69, indicating overbought conditions. It has since declined to 67.19 and is currently trending lower, reinforcing the cautious outlook.At the same time, market participants are closely monitoring developments around the India-US trade deal, which could serve as a key trigger for the next directional move. A favourable outcome may revive bullish sentiment and fuel further upside.In terms of technical levels, the 25550–25500 zone is expected to act as a strong support, as it coincides with the 13-day EMA and the 38.2% Fibonacci retracement of the recent rally from 24588 to 26104. On the upside, the 25950–26000 zone remains a critical resistance. A sustained move above 26000 could pave the way for a rally towards 26300.With technical indicators cooling off and macro factors in play, the coming sessions will be crucial in determining whether this is a temporary pause or the beginning of a broader correction.Bank Nifty ViewThe banking index Bank Nifty registered a new all-time high on Thursday, reflecting strong sectoral momentum and investor confidence. However, the index was unable to hold above the critical 58500 mark, and soon after, it experienced profit booking, indicating a temporary shift in sentiment following the sharp rally.This pullback has resulted in the formation of a Shooting Star candlestick pattern on the weekly chart, a technical signal that often points to trend exhaustion. The pattern suggests that while buyers attempted to push prices higher, they encountered resistance, leading to a potential pause or reversal in the ongoing uptrend.Adding to the cautious outlook, the daily RSI has also weakened. After reaching a high of 76, the RSI has now given a bearish crossover and is trending lower, typically indicating a cooling-off in momentum and the possibility of a consolidation phase.With Bank Nifty at a crucial juncture, market participants will be closely watching for confirmation signals in the coming sessions. Whether this is a brief pause or the beginning of a broader correction will depend on price action over the next few trading days.From a technical standpoint, the 57000–56900 zone is expected to act as key support, as it aligns with the 38.2% Fibonacci retracement level of the recent rally. On the upside, the 58200–58300 zone remains a critical resistance area. A sustained move above 58300 could pave the way for a sharp rally towards 59000, and potentially 59500, in the short term.Stock recommendations:Cummins IndiaCUMMINSIND had been consolidating in a 3830–4030 range since early October, forming a series of small-bodied candles that indicated indecision among traders. The stock broke out of this range on Thursday, and the move was followed by strong follow-through buying in Friday’s session, confirming bullish momentum. With Friday’s close, Cummins India has moved above the upper band of the Bollinger Bands, reflecting heightened buying strength. Moreover, the MACD has given a bullish crossover above its signal line, accompanied by rising histogram bars, which indicates increasing positive momentum and suggests the potential for further upside in the near term. Hence, we recommend to accumulate the stock in the zone of 4190-4170 with a stoploss of 4050. On the upside, it is likely to test the level of 4500 in the short term.Blue StarBLUESTARCO recently broke out of a downward sloping trendline, signalling a shift in momentum in favour of the bulls. After the breakout, the stock consolidated within a tight 1940–1990 range for four trading sessions, digesting gains before resuming its upward move. On Friday, it broke above this range with strong follow-through buying backed by healthy volumes, reaffirming bullish sentiment. The stock also trades above all key moving averages, indicating strength in the broader trend. Meanwhile, the RSI, which had flattened in the last few sessions, has started turning higher, and the ADX is rising, suggesting that momentum is building up for a further upside move. Hence, we recommend to accumulate the stock in the zone of 2020-2000 with a stoploss of 1940. On the upside, it is likely to test the level of 2160 in the short term.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)





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BP names new boss as current CEO leaves after less than two years

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BP names new boss as current CEO leaves after less than two years


Archie MitchellBusiness reporter

Reuters Newly appointed BP chief executive Meg O'Neill wears a grey suit and blue top while posing sat on the edge of a boardroom table.Reuters

Newly appointed BP chief executive Meg O’Neill

BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm.

The London-based energy giant said its current boss Murray Auchincloss would step down less than two years after he replaced Bernard Looney, who was found to have committed “serious misconduct” in failing to disclose relationships with colleagues.

BP executive vice president Carol Howle will serve as interim chief executive until Ms O’Neill, who has led Australian energy firm Woodside Energy since 2021, takes up her new role on 1 April.

Ms O’Neill said she looks forward to helping BP “do our part to meet the world’s energy needs”.

Mr Auchincloss, who took over from Mr Looney in September 2024, said he had told BP’s chairman in September that he was open to stepping down “were an appropriate leader identified”.

“I am confident that BP is now well positioned for significant growth and I look forward to watching the company’s future progress,” he said after Ms O’Neill’s appointment was announced. He will serve in an advisory role until December 2026.

Ms O’Neill said she would prioritise re-establishing the oil giant’s market leadership, as well as advancing safety and driving innovation and sustainability.

BP praised Ms O’Neill’s time as chief executive of Woodside Energy, pointing to the firm’s takeover of BHP Petroleum International in 2022.

It said she had grown the business into the largest energy company listed on the Australian Securities Exchange.

Before joining Woodside, Ms O’Neill spent 23 years in technical, operational and leadership positions at Texas-based energy firm ExxonMobil.

Mr Looney was dismissed without notice in 2023, and forfeited up to £32.4m ($43.3m) in salary and benefits, after admitting that he was not “fully transparent” about his past personal relationships.

BP’s board said they had been “knowingly misled” by Mr Looney.

At the time, Mr Looney said in a statement that he was “disappointed with the way this situation has been handled”.

Ms O’Neill’s appointment comes as BP is cutting its renewable energy investments and instead focusing on increasing oil and gas production.

In February, the energy giant said it would shift its strategy following pressure from some investors who were frustrated that its profits and share price had lagged behind rivals.

Rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump’s call to “drill baby drill” has encouraged firms to invest in fossil fuels.

The sudden departure of Mr Auchincloss comes only three months after the appointment of a new chair of the BP board, Albert Manifold.

Energy consultant and former Shell executive Robin Mills told the BBC’s Today programme that the “surprise” appointment of Ms O’Neill was about refocusing on its core oil and gas businesses.

“The new chairman, Albert Manifold, has really decided to put his stamp on things,” he said.

“I think the announcement that’s been put here made it very clear that he felt Murray [Auchincloss] had done a decent job, but not enough and more was needed and some new leadership, some new blood.”



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Panel questions IndiGo, DGCA babus, gets ‘unconvincing’ replies | India News – The Times of India

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Panel questions IndiGo, DGCA babus, gets ‘unconvincing’ replies | India News – The Times of India


New Delhi: IndiGo was quizzed on Wednesday by a parliamentary committee over the misery inflicted on passengers by its mass-cancellation of flights, but it blamed a variety of factors, including system glitch and adverse weather conditions, while DGCA and the aviation ministry parried off criticism of their role in the fiasco.Some committee members termed replies of different stakeholders as “unconvincing” and aimed at washing their hands of the crisis, encapsulated by the response of a govt official that he first came to know of the unfolding ordeal through media reports.The panel, headed by JDU’s Sanjay Jha, decided to wait for the report of an inquiry ordered by DGCA before coming to a conclusion and make its recommendation. It will hold another meeting and is expected to call these stakeholders again. The DGCA-ordered committee was constituted on Dec 5 and was asked to submit its report in 15 days.Captain Sam Thomas, president of Bengaluru-based Airline Pilots Association of India, created flutter at the meeting by alleging corruption in DGCA and was asked by members to refrain from making sweeping allegations without producing evidence. He alleged that one can commit any wrong, but stay safe if he touched right feet.A committee member said IndiGo, which has offered apology for the ordeal, was far from apologetic in its response before the panel. It told the panel that several factors combined to derail its operation, including a glitch in system, which needed rebooting, and adverse weather that had their pilots stuck in different zones.IndiGo was represented by its COO Isidre Porqueras, while officials of Air India, Akasa Air, Spice Jet and Air India Express appeared before the panel as well. Civil aviation secretary Samir Kumar Sinha and top functionaries of other stakeholders were part of the deliberations.Replying to a query, IndiGo said all luggage, except 52 which remained unclaimed, have already been delivered.The panel’s meeting came against the backdrop of the suspicion, subject of investigation, that IndiGo remained resistant to the implementation of guidelines (Flight Duty Time Limitation) that allowed more rest for pilots in line with global norms aimed at ensuring flyers’ safety.It has been accused of engineering the disruption, leveraging its market dominance, to force the ministry to roll back the regulation as implementing it would have required the airline to hire more pilots. Faced with chaos caused triggered by disruption of IndiGo’s operations, DGCA had to relax the implementation of the guidelines.IndiGo management is reported to have denied allegation in meetings with ministry.



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Historic Green Milestone: Indian Railways Achieve 99.2% Electrification, Leaves UK, Russia And China Far Behind

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Historic Green Milestone: Indian Railways Achieve 99.2% Electrification, Leaves UK, Russia And China Far Behind


New Delhi: Indian Railways has reached a milestone in its journey toward sustainable transportation, achieving electrification of 99.2 per cent of its broad gauge network. This puts India ahead of major rail economies such as the United Kingdom, which stands at 39%, Russia at 52% and China at 82%, according to a press release from the Ministry of Railways.

The achievement brings the country closer than ever to operating a fully electrified railway system. Fourteen railway zones, including Central, Eastern and Northern Railways, have already achieved 100% electrification. In addition, 25 states and union territories have completed electrification across their rail networks.

Data provided in a written reply to the Lok Sabha highlights the rapid pace of this transformation. Between 2014 and 2025, India electrified 46,900 route kilometres, more than double the 21,801 route kilometres completed in the previous six decades.

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In the past two years alone, 7,188 route kilometres were electrified in 2023-24 and 2,701 route kilometres in 2024-25.

The environmental benefits of this transition are major. Rail transport emits 89% less CO2 than road transport, and Indian Railways is complementing electrification with renewable energy initiatives. So far, 898 MW of solar power has been commissioned at 2,626 stations, reinforcing India’s commitment to a greener transportation network.

Electrification is advancing consistently across zones. The Central, East Coast, East Central, Eastern, Konkan Railway, Kolkata Metro, North Central Railway, North Eastern Railway, Northern Railway, South Central Railway, South East Central Railway, South Eastern Railway, West Central Railway and Western Railway have achieved full electrification.

Other zones, such as North Western, Southern, Northeast Frontier and South Western Railway, have crossed 95% electrification.

The progress is equally impressive state-wise as well. Most states are fully electrified, while Rajasthan, Tamil Nadu and Karnataka are nearing completion. In the North Eastern region, the broad gauge networks in Arunachal Pradesh, Meghalaya, Nagaland, Tripura and Mizoram have been 100% electrified, while Assam stands at 92%, with work underway to complete the remaining sections.

All new rail lines and multi-tracking projects are now being sanctioned with electrification integrated from the beginning. According to the Ministry of Railways, the completion timeline for electrification projects depends on factors such as forest clearances, relocation of utilities, statutory approvals, geological and topographical conditions, law and order situations and climatic constraints, which can affect progress at different project sites.

Beyond expanding connectivity, electrification is central to India’s sustainability agenda. The move to electric rail corridors is helping dramatically cut carbon emissions. For instance, transporting 1 tonne of freight over 1 km emits 101 g of CO2 by road, compared with just 11.5 g by rail, an almost eightfold reduction.

The Indian Railways aims for 100% electrification while contributing to the nation’s goal of net-zero carbon emissions by 2030. Every new rail project now includes electrification from the outset, ensuring that India’s railway system grows greener, more efficient and globally competitive.



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