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A positive trend is seen in Asia in the morning markets.
The Indian stock market index Sensex and Nifty gained strength again on January 12 and the markets closed with a gain of about 0.5%. Both benchmark indices again achieved new peak levels with the surge. During the trade, the Nifty was very close to 14,600, while the Sensex also managed to close above 45,500.
Bullish sentiment is strong due to continuous bounce in the market. There is a possibility that the market will regain the highest level. The role of foreign signals and FII investment will be important in deciding the market direction. Stock based trading is a better option.
A positive trend is seen in Asia in the morning markets. Markets in Taiwan, Japan, South Korea and Hong Kong are in green mark. Markets in China and Indonesia closed sharply on the last trading day.
The US’s Dow Jones Industrial Average closed with a bounce on Tuesday. The index was up 0.19% or 60 points at the time of market closing. Similarly, the change in Nasdaq Composite was + 0.28% after which the index reached 13,072.43.
The SGX Nifty of Singapore was trading at 14,623.00 after a gain of 0.15% at 7:00 in the morning, giving an early signal to the Indian market broadly.
They will also be kept watch on-
According to the data released, the index of industrial production (IIP) contracted by 1.9% in November 2020, coming negative for the first time since September. However, in December, there was a big decrease in the inflation rate (CPI inflation) and it was 4.59% falling within the RBI target range.
In the bulk deal on Tuesday, LTS Investment Fund bought 5 lakh 20 thousand shares of Bliss GVS Pharma at the rate of 207. In another deal, Bennett Coleman & Company Limited sold about 2 lakh shares of V2 Limited at the rate of Rs. 98.
Purchase by FII in Indian markets continued on 12 January. On January 11, foreign institutional investors bought 571 crore shares in the equity market, while 1334 crore shares were sold by DII.
According to Moneycontrol, on Wednesday, based on the pivot charts, the Nifty 50 has significant support levels of 14,467.3 and then 14,371.1 for which the market may see correction after going down. Similarly, the resistance levels of 14,625.2 and 14,686.9 should be monitored, which can give the market a further boost after reaching the top.
Tata Elxsi – The company’s revenue increased to Rs 477 crore in December quarter as compared to the previous quarter. The same period saw a big jump in net profit and increased from 78.8 crore to 105 crore.
Hero MotoCorp- The company appointed new distribution partners in Nicaragua and Honduras. The company has plans for rapid expansion in these two countries.
Tech Mahindra- The company will buy the entire 100% stake in ‘Payment Technology Services’.
Bharat Chemicals- The board of the company approved share buyback of 2.2% stake of paid up equity. Shares will be withdrawn at the rate of Rs 11,500 per share.
Quarterly results will be released
December quarterly results of many companies will be released on Wednesday. These companies include Infosys, Wipro, 5 Paisa Capital, CESC, Capital Trade Links, GTPL Hathaway, Rajo Engineers.
Also Read: Stock Market Tips: These Shares Can be Rewarded For You in The New Year
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
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