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The 200-day DMA is used as a key indicator by traders to determine the overall trend of a stock.

Blackstone sold more than 33 crore units of Nexus Select Trust at Rs 135 per unit, earning $530.6 million. Its stake dropped from 43.1% to 21.3%. A 15% stake remains locked up until May 2026, and 6.3% is voluntarily locked for nine months. Nexus Select Trust, established in 2015, operates 17 malls in 14 cities.

GLOBAL-Oil set for 3% weekly gain on rising Mideast tensions, better US outlook

The dollar reached a one-week high as US jobless claims fell, easing worries about an economic downturn. Improved employment data led to reduced bets on Federal Reserve interest rate cuts. The yen and Swiss franc dropped while riskier currencies, such as the Australian dollar and sterling, maintained strong gains.

The Securities and Exchange Board of India (Sebi) fined Nippon Life India Asset Management Company and its trustee ₹3 lakh for TER rule violations. Sebi discovered that the asset manager charged insufficient expenses to the actual expenses incurred by five ETFs. Nippon Life AMC defended the charges, stating there was no clear restriction on AMC bearing such expenses.

SAIL experienced a substantial decline in net profit, falling over 60% to ₹81.78 crore in Q1 of FY 2024-25, due to reduced domestic steel prices impacted by imports. Total income slipped by 2.61%. The company recorded an exceptional gain of ₹311.76 crore and revoked suspensions of senior employees under scrutiny for policy discrepancies.

Oil India saw a 10% dip in first quarter profit, down to Rs 1,467 crore, due to higher levies and expenses. Despite a 26% increase in revenue to Rs 5,840 crore, the higher excise duties and other statutory levies affected the margin. Meanwhile, operating profit in oil and gas segments showed growth.

Mark Mobius emphasized the global influence on the US markets, with significant earnings from emerging countries like India. He recommended a diversified portfolio focusing on US and Indian equities for the short and long term and highlighted the potential short-term gains from fixed income investments. Mobius cautioned against certain Latin American and African markets.

​So, to that extent, there is some element of stickiness that comes through in numbers. But one must also understand both in terms of their own properties, as well as the managed properties that Lemon Tree has taken over, they have had a substantial addition in the last few quarters. So, the ramp up is going to take time.