While police sources pegged the time of the explosion at between 10.15 and 10.45 am, the company in its official statement said that it took place at 11.15 am. Workers said it shattered the windows of the nearby sections in the plant while local residents said it was so powerful that its effects were felt in areas like Tanaji Nagar, Shahad Phata, Shivneri Nagar, Gulshan Nagar and Shahad Gaothan, all within a one-km radius of the plant | Mumbai news
ITC shares suffered a sharp decline as investors disliked the company s decision not to fully split its hotel business and retain 40 percent of the new entity. Market participants were put off because only 60 percent will be distributed to shareholders
As the banking sector enters the highly anticipated results season, market experts analyze the derivatives outlook. With open interest at relatively lower levels and a lighter position in Bank Nifty, experts foresee potential upside and lower downside risks. The sector s performance amid ongoing sectoral rotation remains a key factor to watch.
Nifty trades higher at 19,540.20, while Bank Nifty rises to 44,961.55. Put writers dominate options data. Consolidation expected until a decisive close beyond 19300-19550 range. Bank Nifty faces hurdles at 19500.
The range of 19,500-19,600 appears to be an immediate hurdle for the anticipated consolidation, while the major breakout levels around 19,000-18,900 serve as a strong foundation for the market.