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China's Global Times blocked in India

Business News - 3 hours 51 min ago
India on Wednesday banned the X (formerly Twitter) account of the Global Times, the official mouthpiece of China’s ruling Communist Party. Additionally, the account of the Chinese news agency Xinhua News was also blocked.This comes days after the Indian Embassy in China strongly cautioned the media outlet to verify facts before posting on social media.“Dear Global Timesnews, we would recommend you verify your facts and cross-examine your sources before pushing out this kind of disinformation,” the Embassy said in a post on X, responding to the tabloid's coverage of Indian military strikes allegedly targeting Pakistan’s terror infrastructure during Operation Sindoor.ALSO READ: MEA 'categorically' rejects China's attempts to rename places in Arunachal Pradesh 121154737In a follow-up post, the Embassy added, “Several pro-Pakistan handles are spreading baseless claims in the context of #OperationSindoor, attempting to mislead the public. When media outlets share such information without verifying sources, it reflects a serious lapse in responsibility and journalistic ethics.”The Embassy’s remarks came after viral posts from Pakistani accounts and some media suggested that an Indian Rafale jet had been shot down near Bahawalpur.PIB Fact Check team, however, flagged one such viral image as misleading, noting it was from a 2021 crash involving a MiG-21 in Punjab’s Moga district. “Beware of old images shared by pro-Pakistan handles in the present context,” the PIB warned in its own post.Earlier in the day, Ministry of External Affairs also refuted China's claim on Arunachal Pradesh and strongly objected to its attempt to rename places in the state.MEA, in an official statement, reiterated that China's "creative naming" will not alter the undeniable reality that Arunachal Pradesh is and will always remain an integral and inalienable part of India."We have noticed that China has persisted with its vain and preposterous attempts to name places in the Indian state of Arunachal Pradesh. Consistent with our principled position, we reject such attempts categorically," MEA said."Creative naming will not alter the undeniable reality that Arunachal Pradesh was, is, and will always remain an integral and inalienable part of India," it added.
Categories: Business News

Gold Price Today: Gold prices witness profit booking, trade lower by Rs 450/10g, silver down by Rs 700/kg

Business News - 4 hours 27 min ago
After a positive move in the precious metals, pushed by a cooling inflation, investors chose to book profits as Gold June futures contracts at MCX were trading at Rs 93,195/10 grams, lower by Rs 452 or 0.48. Silver July futures contracts were also trading lower by Rs 704 or 0.73% at Rs 96,063/kg.On Tuesday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 93,647 per 10 grams with a gain of 0.80%, and silver July futures contract settled at Rs 96,767 per kilogram with a gain of 1.49%.Gold and silver curtail the previous session’s losses and gains in the international markets after U.S. inflation cools off in April. The U.S. CPI came at 3.2% on an annual basis in April against March’s reading of 3.3% but slightly up from the expectations of 3.1%.Core CPI remains steady at 2.8% yearly as per expectations. “Cool-off in the U.S. CPI inflation pushed the dollar index lower from its highs and supported gold and silver prices. Gold and silver prices also recovered after the Indian Prime Minister said on Monday that they have halted the operation Sindoor and not stopped permanently,” noted Manoj Kumar Jain of Prithvifinmart Commodity Research.The U.S.-China trade negotiations are supporting silver prices as an industrial metal. However, expectations of a ceasefire between Russia and Ukraine could limit gains in gold. “The U.S. 10-year bond yields also gained and could limit gains of gold. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geopolitical tensions; gold prices could hold its key support level of $3,140 per troy ounce, and silver prices could also hold $31.40 per troy ounce levels,” he added. The US Dollar Index, DXY, was hovering near the 100.96 mark, falling 0.05 or 0.05% today.How to trade gold?Manoj Kumar Jain suggests the following ranges for gold and silver on MCX:Gold has support at Rs 93,150-92,660 and resistance at Rs 94,000-94,450Silver has support at Rs 96,000-95,350 and resistance at Rs 97,400-98,200.He suggests avoiding buying in gold and buying silver on dips around Rs 95,800 with a stop loss of Rs 95,100 for a target of Rs 97,200.Gold rates in physical marketsGold Price today in DelhiStandard gold (22 carat) prices in Delhi stand at Rs 57,240/8 grams while pure gold (24 carat) prices stand at Rs 61,064/8 grams.Gold Price today in MumbaiStandard gold (22 carat) prices in Mumbai stand at Rs 56,760/8 grams while pure gold (24 carat) prices stand at Rs 60,472/8 grams.Gold Price today in ChennaiStandard gold (22 carat) prices in Chennai stand at Rs 56,624/8 grams while pure gold (24 carat) prices stand at Rs 60,408/8 grams.Gold Price today in HyderabadStandard gold (22 carat) prices in Hyderabad stand at Rs 57,160/8 grams while pure gold (24 carat) prices stand at Rs 60,896/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

Breakout Stocks: How to trade Redington, BSE and APL Apollo after fresh 52-week highs

Business News - 5 hours 46 min ago
The Indian market closed in the red on Tuesday, giving up gains from the sharp rally seen in the previous session. The BSE Sensex fell nearly 1,300 points, while the Nifty50 closed below the 24,600 mark.Sectorally, buying was seen in consumer durables, healthcare, and capital goods, while selling pressure emerged in utilities, power, FMCG, and IT stocks.Stocks that hit fresh 52-week highs included BSE, which surged over 5%, Redington, which rose more than 4%, and APL Apollo Tubes, which pared intraday gains to close 0.6% higher on Tuesday.We spoke to an analyst for an educational perspective on how to approach these breakout stocks in the next trading session:Analyst: Rajat Kulshrestha, My Mudra Fincorp Pvt LtdBSEThe stock broke out of a strong resistance zone between Rs 6,652 and Rs 6,859, where it had been consolidating for the last 20 days. It rallied over 6.12%, or Rs 421, on the breakout day.Now that the breakout has occurred, the potential targets are Rs 8,357 (T1) and Rs 9,626 (T2) in the coming weeks. Strong support and a suggested stop loss lie at Rs 6,448.The stock has delivered stellar returns—over 200% in the past year and 62.65% in the last 6 months. On Tuesday, it also registered a new all-time high, breaching the Rs 7,305 level.It is witnessing strong buying interest, and volumes have crossed the 50-day moving average on the daily chart.121152047APL Apollo TubesThe stock gave a trendline breakout with a strong bullish candle, rising 4.20% or Rs 69.40.Based on price action, the potential targets are Rs 2,240 (T1) and Rs 2,624 (T2), with a stop loss at Rs 1,567.The stock has returned 10.35% over the past year and 15.28% in the last 6 months.It is also experiencing strong buying interest, with volumes surpassing the 50-day moving average on the daily time frame.121152029RedingtonRedington gave a breakout and subsequent retest of the strong resistance zone between Rs 251 and Rs 260.If it manages to break and sustain above Rs 260, the potential target is Rs 328.95, with a stop loss at Rs 238.The stock has delivered a return of 28.90% in the past year and 46% in the last 6 months.Like the others, Redington is also seeing strong volume-backed buying, with volumes crossing the 50-day moving average on the daily chart.121152022(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

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