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Officer’s Strava activity reveals location of French aircraft carrier in eastern Mediterranean

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Officer’s Strava activity reveals location of French aircraft carrier in eastern Mediterranean

A French officer reportedly revealed the location of an aircraft carrier deployed towards the Middle East after publicly recording a run on the sports app Strava.The officer, referred to as Arthur by French news outlet Le Monde, logged a 35-minute run on March 13 while exercising on the deck of the aircraft carrier Charles de Gaulle. Using a smartwatch, he uploaded the activity to the app, creating a map that showed the vessel’s location.According to Le Monde, the carrier was northwest of Cyprus, around 100km (62 miles) from the Turkish coast, with satellite images capturing the vessel and its escort. BBC Verify said it was unable to find the route, though it was possible it had later been deleted or the user’s privacy settings had been changed.In a statement to AFP news agency, the French armed forces said the reported incident did “not comply with the current instructions” and that appropriate measures would be taken if the report was true.The Charles de Gaulle is the main part of a carrier strike group recently deployed to the eastern Mediterranean by France’s ministry of armed forces, as tensions in the region continue due to the Iran war. The ministry said the group was sent “to protect French nationals, defend France’s interests in the region, and support its partners and allies”.Aboard the vessel are 20 fighter jets, two surveillance aircraft and three helicopters. The deployment is part of France’s recent bolstering of its military presence in the Middle East, which French President Emmanuel Macron described as strictly “defensive.”The incident is the latest in a series of cases in which activity on Strava has exposed sensitive details. Le Monde previously reported that runs shared by Macron’s bodyguards jeopardised his location on several occasions, while Secret Service agents accompanying then-US President Joe Biden also shared their whereabouts on the app in 2024.A similar report that year said the app showed bodyguards for Russian President Vladimir Putin at luxurious properties the Kremlin denies owning. Another Strava feature, its ‘heatmap’, has also faced criticism for sharing exercise routes of military personnel at bases around the world.The heatmaps show all public activity recorded by users globally, allowing people to zoom in and explore different areas. In 2018, the US military said it was examining the map after security concerns were raised. A disinformation watchdog also said the app allowed suspicious figures to identify and track security personnel working at secretive bases in Israel.San Francisco-based Strava uses a mobile phone’s or fitness device’s GPS to track exercise activity. The company says it has more than 195 million users in more than 185 countries.

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10 ‘Protigya’ for Bengal: Mamata launches TMC manifesto, flags ‘deep conspiracy’ by BJP ahead of polls | India News

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10 'Protigya' for Bengal: Mamata launches TMC manifesto, flags 'deep conspiracy' by BJP ahead of polls

NEW DELHI: West Bengal chief minister and Trinamool Congress (TMC) chief Mamata Banerjee on Friday released the party’s election manifesto ahead of the upcoming state assembly polls.Speaking at the launch, Banerjee thanked the people of the state for their continued support and alleged that the BJP was attempting to gain control of West Bengal through unfair means. “The people of West Bengal have given us immense blessings, good wishes, prayers, and support. We have also done our best to serve them. In every election, we have witnessed various conspiracies since the time the BJP came to power, but this time the conspiracy has crossed all limits. It seems they want to capture Bengal by any means and take control of the state,” she said.Continuing her criticism, Banerjee accused the BJP-led central government of creating unrest and weakening institutions across the country.“The BJP government is carrying out a deep conspiracy. The country has been pushed close to destruction. There is no proper law and order in many states, and people do not feel at peace. The politics of division is being practised, creating a war-like situation. Even during his tenure, PM Modi has not fulfilled the promises he made to the people. Moreover, public sector institutions, from LIC and Railways to Air India, are being handed over to foreign entities and a few known individuals, including those who have defaulted on bank loans and, in many cases, fled the country,” she said.She also raised concerns over issues such as NRC and delimitation, suggesting that these factors could influence the political landscape after the elections.“We see a lot of conspiracies during elections, but this time they’ve crossed all limits. After this election, there will be delimitation, but the Modi government won’t come back to power because people don’t like the BJP government. The reasons are NRC and delimitation,” Banerjee said.Banerjee further alleged that the state is functioning under ‘undeclared President’s Rule’.“An unofficial President’s rule has been imposed in Bengal because the BJP knows it will be defeated in the upcoming Assembly polls. Is PM Modi so afraid of the people of Bengal?” TMC chief asks. Criticising the role of central observers, she said, “Those posted here as observers don’t know the area or the state; they don’t know anything about the state. How can they perform their duties? President’s rule has been replaced by undeclared President’s rule. Modiji, you’re fighting here under undeclared President’s rule because they’re jealous of Bengal. They’ve derailed the entire system”.Calling for unity among voters, she urged people to resist intimidation and divisive politics“I appeal to the people of Bengal to unite and fight against the BJP to save Bengal. If central agencies are trying to intimidate you, don’t be. If they’re trying to give you money, don’t take it. They bring money and weapons, mafia from the border areas, trying to create unrest and riots here. I’m not playing divisive politics. Hindus, Muslims, Sikhs, and Christians are all the same,” Banerjee added.

10 Protigya’ roadmap: Welfare, jobs, housing and infrastructure focus

Highlighting the party’s broader vision, Banerjee presented her “10 Protigya” (pledges) for Bengal, outlining a roadmap for governance over the next five years.“I humbly present my 10 ‘Protigya’ for Bengal, so that the wheels of development continue to move forward in the fourth term of my government,” she said in a post on X.The key promises include:

  1. Enhanced financial aid for women: Under Lakshmir Bhandar, assistance will be increased by Rs 500, with Rs 1,500 per month for general category beneficiaries and Rs 1,700 for SC/ST beneficiaries.
  2. Support for unemployed youth: The Banglar Yuba-Sathi scheme will continue, offering Rs 1,500 per month as financial assistance.
  3. Agriculture push: A Rs 30,000 crore agri-budget has been proposed to support farm families, landless farmers and overall sector growth.
  4. Housing: The government has promised pucca houses for all families.
  5. Piped drinking water: The government proposed piped drinking water for every household.
  6. Healthcare access: Annual “Duare Chikitsa” camps will be organised in every block and town to ensure doorstep healthcare delivery.
  7. Education upgrade: Government schools will be modernised under the Banglar Shikshayatan programme.
  8. Trade and infrastructure: Plans to develop Bengal as a major trade gateway for eastern India with improved logistics, ports and a global trade centre.
  9. Social security: Continued and expanded old-age pension support for eligible beneficiaries.
  10. Administrative expansion: Creation of seven new districts and expansion of urban local bodies.

“These 10 ‘Protigya’ will form the foundation of my governance and serve as the roadmap for the next five years,” Banerjee said.The West Bengal Assembly elections will be held in two phases for all 294 constituencies, with voting scheduled for April 23 and April 29. The counting of votes will take place on May 4.

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Rupee sinks 82 paise to all-time low of 93.71 vs US dollar as crude oil surge, FII outflows rattle sentiment

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Rupee sinks 82 paise to all-time low of 93.71 vs US dollar as crude oil surge, FII outflows rattle sentiment

The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under intense pressure as elevated energy prices and a shift towards risk aversion dented investor sentiment. Heightened geopolitical uncertainty has also fuelled concerns that higher oil costs could widen India’s trade deficit and push up inflation.At the interbank foreign exchange market, the local unit opened at 92.92 against the greenback and soon breached the 93-mark for the first time. It continued to weaken during the session before settling at 93.71 (provisional), down 82 paise from the previous close.On Wednesday, the rupee had slumped 49 paise to end at its earlier record low of 92.89 against the US dollar. Forex markets remained closed on Thursday on account of Gudhi Padwa.“The rupee hit fresh all-time lows on Friday amid geopolitical tensions in West Asia and FII outflows. Rising global crude oil prices, too, have pressured the rupee,” said Anuj Choudhary, Research Analyst, Commodities Research, Mirae Asset Sharekhan.He noted that major central banks, including the US Federal Reserve, European Central Bank, Bank of England and Bank of Japan, have left interest rates unchanged in their recent monetary policy meetings, citing inflation concerns while reiterating their readiness to adjust policy as required.“We expect the rupee to trade with a negative bias as escalating geopolitical tensions and rising crude oil prices may continue to pressure the rupee,” Choudhary said, adding that the USD-INR spot rate is likely to move in the range of Rs 93.20–93.80.Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was trading 0.35 per cent higher at 99.58. Brent crude, the global oil benchmark, rose 1.84 per cent to USD 110.7 per barrel in futures trade.On the domestic equity market front, benchmark indices recovered from the previous session’s losses. The BSE Sensex was trading 325.72 points, or 0.44 per cent, higher at 74,532.96, while the NSE Nifty gained 112.35 points, or 0.49 per cent, to 23,114.50.According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 7,558.19 crore on a net basis on Thursday, adding to pressure on the local currency.

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Centre forms expert panel to rewrite NCERT Class 8 chapter after row over ‘corruption in judiciary’ section | India News

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Centre forms expert panel to rewrite NCERT Class 8 chapter after row over 'corruption in judiciary' section

NEW DELHI: The central government on Friday informed the Supreme Court that it has constituted a three-member expert committee to rewrite the chapter on the judiciary in the NCERT Class 8 textbook, following a row over a section referring to “corruption in the judiciary.The committee comprises former Attorney General K. K. Venugopal, former Supreme Court judge Indu Malhotra, and Justice Aniruddha Bose.After the government assured the Court about the formation of the committee, the Supreme Court closed its suo motu proceedings in the matter. The Court had earlier stayed the sale of the book and sought responses from the authorities.NCERT had earlier acknowledged the error and withdrawn the chapter. On February 25, it pulled the new Class 8 Social Science textbook from sale.The issue was raised before the CJI-led bench by senior lawyers Kapil Sibal and Abhishek Manu Singhvi. They argued that students were being taught about corruption in the judiciary as if it existed in no other institution.“They have left out bureaucracy, politics, etc. Not a word on other sectors. They are teaching as if it only exists in this institution,” the senior lawyers said.CJI Surya Kant said that no one would be allowed to “defame” the institution of judiciary and initiated suo motu proceedings over the inclusion of the section in the textbook.The inclusion of the section marked a notable shift from previous editions, which had largely focused on the structure and role of courts. The revised chapter, titled “The Role of the Judiciary in Our Society,” went beyond explaining court hierarchy and access to justice, and addressed challenges faced by the judicial system, including corruption and case backlogs.

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‘India can end ongoing war’: RSS chief Mohan Bhagwat calls for global harmony as Middle East tensions escalate | India News

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'India can end ongoing war': RSS chief Mohan Bhagwat calls for global harmony as Middle East tensions escalate
RSS chief Mohan Bhagwat (File photo)

NEW DELHI: RSS chief Mohan Bhagwat on Friday said that “India can bring an end to the ongoing war” amid the escalating conflict in the Middle East.Speaking at a gathering in Nagpur, Bhagwat said that voices from different countries are recognising India’s role in promoting peace.“Several countries saying only India can bring an end to ongoing war,” Bhagwat said.Bhagwat was addressing an event after laying the foundation stone for the Vidarbha prant office of the Vishwa Hindu Parishad (VHP). He also spoke about the root causes of global conflicts and the need for a shift towards harmony.

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‘Military Conflict Cannot Solve Issues’: PM Modi Warns World, Calls For End To Iran And Ukraine Wars

He said that selfish interests and the desire for dominance are the main reasons behind wars across the world. “War is result of selfish interest; world needs harmony, not conflict,” Bhagwat said.Providing a broader context, he said that the world has tried various approaches to resolve conflicts for nearly 2,000 years, but many challenges remain. He also pointed out that religious intolerance, forced conversions and ideas of superiority and inferiority continue to exist.Bhagwat highlighted that India’s traditional philosophy promotes unity and interconnectedness. He said that Indian thought is based on the idea that everyone is connected and even modern science is slowly moving towards this understanding, according to the news agency PTI. He stressed that lasting peace cannot be achieved through power struggles, but through unity, discipline and adherence to dharma. According to him, dharma should not remain limited to scriptures but must be reflected in daily conduct.Drawing a contrast between India and other parts of the world, Bhagwat said, “India follows the law of humanity, others believe in survival of the fittest.”Bhagwat added that India has a responsibility to help restore balance in the world. “People of India follow the law of humanity, but the rest of the world follows the law of the jungle. It is our job to restore balance in the stumbling world by giving it the foundation of dharma,” he said.

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Mamata vs EC: Bengal government moves Calcutta high court against transfers of IAS, IPS | India News

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Mamata vs EC: Bengal government moves Calcutta high court against transfers of IAS, IPS
West Bengal CM Mamta Banerjee, CEC Gyanesh Kumar

Trinamool Congress on Friday approached the Calcutta High Court challenging the transfer of several IAS and IPS officers in West Bengal by the Election Commission of India after the announcement of assembly polls.The petition filed by TMC leader and lawyer Kalyan Banerjee names Chief Election Commissioner Gyanesh Kumar as a respondent. The plea questions the EC’s decision to transfer officers without consulting the state government. The matter is likely to be heard early next week.The Election Commission had transferred a large number of senior officials, including the chief secretary, home secretary and director general of police, within hours of announcing the assembly elections on March 15.West Bengal Chief Minister Mamata Banerjee criticised the move on Thursday, calling it “an undeclared emergency” and a “deliberate design to seize control of Bengal through coercion and institutional manipulation”. “What we are witnessing is nothing short of an undeclared emergency, driven by political vendetta, not democratic principles,” she said.Banerjee later wrote to CEC Kumar, urging the EC to refrain from such “arbitrary, unilateral and biased” action. “EC has crossed all boundaries of decency and constitutional propriety. Since the commencement of the so-called Special Intensive Revision, the ECI has acted with apparent bias, showing little regard for ground realities or the well-being of the people,” the chief minister wrote.The Election Commission on Thursday paused some of its inter-state transfer orders for senior police officers. Bidhannagar CP Murlidhar Sharma and Siliguri CP Syed Waquar Raza, who were earlier asked to move to Tamil Nadu, have been told to wait. Transfer orders for Barrackpore CP Praveen Tripathi and Howrah CP Akash Magharia to Tamil Nadu, as well as Birbhum SP Amandeep’s move to Karnataka, have also been put on hold.Elections for the 294-member West Bengal Assembly will be held in two phases on April 23 and 29, with counting scheduled for May 4.

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‘Direct consequences on economy’: Indian envoy to UK on Strait of Hormuz disruption amid Iran war

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'Direct consequences on economy': Indian envoy to UK on Strait of Hormuz disruption amid Iran war

India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment to maritime security, freedom of navigation, and the safety of all seafarers.“India remains deeply concerned about the evolving situation and continues to call for de-escalation through dialogue and diplomacy, with utmost restraint and priority being given to the safety of civilians,” he said.Condoling the loss of innocent lives, including three Indian seafarers, Doraiswamy asserted that attacks on commercial shipping and civilian maritime infrastructure endanger lives and are unacceptable. “Targeting of commercial shipping and attacks on civilian maritime infrastructure is unacceptable. Such attacks have resulted in the loss of innocent lives, injuries, and heightened risks, including to seafarers. India is among the top three seafarer-supplying nations, contributing approximately 13 per cent of the global seafaring workforce. We remain deeply concerned about the safety and welfare of all seafarers,” Doraiswamy added. He also noted India’s 24×7 helpline for affected seafarers and the role of the Information Fusion Centre, Indian Ocean Region (IFC-IOR), hosted by the Indian Navy, in coordinating rescue efforts and sharing information. He added, “We reiterate that targeting commercial shipping, endangering civilian crews, and impeding safe and free navigation through international waterways, including the Strait of Hormuz, are unacceptable. The exercise of navigational rights and freedom by merchant and commercial vessels in accordance with international law must be respected.”The ambassador went on to say, “At present, 24 Indian flagged vessels are operating the Persian Gulf region, including 22 vessels west of the Strait of Hormuz with 611 Indian seafarers on board and two vessels east of the Strait of Hormuz, with 47 seafarers on board” Further he reflected on the critical importance of Strait of Hormuz for the country saying, “ India’s energy, security and trade are critically dependent on the safe and unimpeded passage through the Strait of Hormuz. Any disruption, obstruction or closures of these vital waterways have direct consequences for India’s economy and for global energy and humanitarian supply chains.”The IMO Council condemned threats and attacks on merchant vessels, including attempts to close the Strait of Hormuz, citing UN Security Council Resolution 2817. The Council adopted a decision encouraging the establishment of a maritime safety corridor to facilitate voluntary evacuation of ships from high-risk areas. It called for an internationally coordinated approach to maritime security and urged member states to ensure continuous provision of essential supplies, water, food, and fuel, to ships unable to leave the region.IMO secretary-general went on to emphasise the need for decisive action, saying, “Let it be the responsibility of each and every one of us to demonstrate that inaction is not an option, that words alone are not sufficient. Together, we can drive the change required to protect the wellbeing of those who have no voice and safeguard the principle of freedom of navigation.”The session was attended by more than 120 member states, including all 40 Council members. The Middle East conflict has heavily affected shipping through the Strait of Hormuz. Currently, 24 Indian-flagged vessels are operating in the Persian Gulf, with 611 Indian seafarers west of the Strait and 47 east of it.This session follows growing international concern over maritime safety as attacks in the Gulf threaten both trade and energy supply chains.

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Rupee breaches 93 per dollar for first time amid Iran war oil shock; down 19 paise in early trade

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Rupee breaches 93 per dollar for first time amid Iran war oil shock; down 19 paise in early trade

The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated. Global energy supply disruptions from the Mideast continue to threaten Asia’s third-largest economy by impacting its growth-inflation balance.Despite the currency weakness, domestic equity markets saw a recovery. The BSE Sensex rose over 900 points, or around 1%, while the Nifty 50 gained about 300 points, or 1.35%.Oil prices jumped close to $120 per barrel on Thursday after attacks on major energy infrastructure in the Gulf but retreated on Friday. Prices eased as Brent crude futures dropped as much as 3.39% to an intraday low of $104.96 per barrel, while US West Texas Intermediate (WTI) crude fell 3.22% to $92.47.However, crude prices remain elevated. As the conflict entered its third week, Brent crude has risen nearly 40%, from $77.74 on March 2 to $108.65 on March 19, adding to inflationary pressures and weighing on currency markets.Several European countries and Japan have offered to help ensure safe passage for ships through the Strait of Hormuz, while the US has announced measures to boost oil supply.The rupee is likely to remain under pressure, as concerns over rising oil prices have led foreign investors to withdraw more than $8 billion from Indian equities so far in March, marking the largest monthly outflows since January 2025. Economists warn that a sustained rise in energy costs could weigh on India’s growth and push up inflation.(With inputs from agencies)

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‘Dilli hai bhai sabki dhadkan’: Delhi falls back in love with football after 7 years | Football News

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'Dilli hai bhai sabki dhadkan': Delhi falls back in love with football after 7 years
SC Delhi played their first home game of the season against Jamshedpur FC in the Indian Super League on March 19, 2026. (Image: Tanuj Lakhina/TimesofIndia.com)

New Delhi: There was rain in the air on Thursday evening in New Delhi. After a day of heavy rain, the drizzle had brought the mercury down. At the Jawaharlal Nehru Stadium, only a few seats were occupied before the momentous occasion: a Delhi-based club playing a home game in Indian football’s top division. It had been 2587 days since Delhi’s own – Delhi Dynamos then – entertained the city’s locals. Now, SC Delhi’s red adorned the stadium with signage, banners and visuals at the main gates. They looked to make the most of this home return for their first win of the season against second-placed Jamshedpur FC in this truncated season of the Indian Super League.An hour before the kick-off, the most noise was made by a group of teenagers on the athletics track who were practising their dance synchronisation to the beats of the dhol. Alongside, multiple youngsters kept the athletics track busy despite the nip in the air. Further along, a group of young men and women posed for selfies as they distributed the club jerseys to one another.

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Football returns to Delhi! SC Delhi gear up for first ISL home game

Large banners of Nora Fernandes, Rafael Ribeiro, Mohammed Aimen, Ayush Adhikari, Lamgoulen Hangshing and Karanjit Singh hung from the ceiling. Close by, kids lined up to side foot the ball into a tiny goal. Each successful attempt was cheered on, and players of the future were slowly being created.Gate 1 welcomed the club ownership, their invitees and the VIPs. Away from the glitterati, over on the opposite side of the humongous multi-purpose facility, on Gate 10, is where the actual fans queued up to get inside as the clock ticked on.A small queue at 7pm — half an hour before kick-off — started to get longer in 15 minutes. One after another, QR codes were scanned, and the sound of beeps filled in. As is the norm with stadiums across the country, arguments broke out over what is allowed and what isn’t. Fans jostled with security as the size of the bags dictated what went in and what remained out.

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Banners featuring SC Delhi players at the Jawaharlal Nehru Stadium. (Image: Tanuj Lakhina/TimesofIndia.com)

Inside, after another quick check of the digital ticket, a large chunk of fans took their place in one section while a smaller group, possibly of away supporters, were stationed in another section. Chants reverberated in the stadium as players took the field – Delhi in red and black and Jamshedpur FC in the whites. A young man egged the fans on to follow his “purab, paschim, uttar, dakshin” with “Dilli hai bhai sabki dhadkan”, and the crowd chimed in with the same level of excitement.One section in the stadium made way for another as more people trickled in, even when the game kicked off. Teenagers, groups of friends and families with young kids were all part of this experience.The stadium started to bounce in the 21st minute as Joseph Sunny put the hosts ahead, capitalising on an Albino Gomes mistake. A bit of mis-clearance by Matija Babovic presented the ball to Sunny, whose left-footed strike made its way into the top-left corner.

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Fans at the ISL game between SC Delhi and Jamshedpur FC in Delhi. (Image: Tanuj Lakhina/TimesofIndia.com)

As the evenly-contested game continued, the crowd persisted and stayed in their seats – for the most part. Some seemingly bored individuals resorted to making paper planes, and the action shifted from on-the-pitch to aerial tarmacs.Yet, the decibel level rose as SC Delhi went up in attack or made crucial interventions in defence. The boos were equally loud when Jamshedpur FC made numerous forays in the second half. A group of kids chanted “Free kick! Free kick!” towards the referee whenever an SC Delhi player was brought down.With rain getting heavier and affecting the lower-level seats, fans walked their way to seats higher up, but never made their way out in abundance. However, their – and SC Delhi’s – hopes of seeing the first win of the season, the first 3 points, the first home win in 7 years, were dashed by a Nikola Stojanovic equaliser in the 89th minute.

SCD V JFC 5

Jamshedpur FC players celebrate after scoring against SC Delhi in the ISL. (Image: AIFF)

With 90 seconds remaining on the clock, the Serb’s effort from outside the box took the slightest of deflections and made its way into the back of the net.The 6,732 fans who made their way to the JLN Stadium on Thursday would still count this as an evening well spent, and manager Tomasz Tchorz acknowledged their presence later.“There are places in India where you can say that people want football, and Delhi is one of them, so I’m very happy. We are very happy that a lot of fans came today. We all have experience of playing with the crowd because either we played away in stadiums which were full or we were working for other clubs with huge fan bases. So I think the presence of fans only helped us today, nothing else,” said the Polish manager, who had called the home support the ’12th Player’ ahead of the fixture.

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Stock market today (March 20, 2026): Nifty50 opens above 23,200; BSE Sensex up over 700 points

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Stock market today (March 20, 2026): Nifty50 opens above 23,200; BSE Sensex up over 700 points
Stock market today (AI image)

Stock market today: Benchmark indices Nifty50 and BSE Sensex opened in green on Friday after a big selloff on Thursday that saw markets tank over 3%. While Nifty50 opened above 23,200, BSE Sensex rose over 700 points, just shy of 75,000. At 9:16 AM, Nifty50 was trading at 23,229.15, up 227 points or 0.99%. BSE Sensex was at 74,945.45, up 738 points or 0.99%.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Market has been oscillating between some hope and fear during the last four days. The gains which Nifty accumulated in the previous three days have been completely wiped out with the 775 point loss yesterday. This oscillation between hope and fear is likely to continue in the near-term.Today there is potential for the market to move up since hope of de-escalation is back. Israel PM’s remarks yesterday indicate that there won’t be further attacks on Iran’s oil and gas infrastructure. This has cooled the Brent crude to $ 106 from the peak of $118 yesterday. The HDFC issue impacted Nifty Bank significantly yesterday and it also contributed to the crash in Nifty. This is likely to be a storm in a tea cup. Even though the uncertainty continues, the market construct is ripe for a bounce back today. Beaten down financials and autos are set for a bounce back.”Indian equity markets tumbled sharply on Thursday, breaking a three-day gaining streak, as escalating tensions in West Asia sparked a global risk-off sentiment. Analysts said the market is entering a phase of heightened vulnerability, with investor confidence increasingly influenced by fast-moving geopolitical developments and a surge in crude oil prices.Asian markets opened higher on Friday after US equities recovered from their intraday lows and oil prices eased. However, Wall Street had closed lower on Thursday, dragged down by declines in Micron Technology and Tesla, as rising oil prices stoked inflation worries and dampened expectations of future interest rate cuts.Gold prices edged up on Friday but were still set for a third straight weekly decline, pressured by a strong dollar and the US Federal Reserve’s hawkish stance, which has reduced hopes of near-term monetary easing. Oil prices, meanwhile, fell on Friday after major European countries and Japan signalled their willingness to support measures to ensure safe passage for vessels through the Strait of Hormuz, while the US outlined steps to boost supply.Foreign portfolio investors remained net sellers, offloading equities worth Rs 7,558 crore on Thursday, while domestic institutional investors provided some support, purchasing shares worth Rs 3,864 crore.(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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