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CBS News reports that Iran dispatched military aircraft, including a surveillance plane, to Pakistan's Nur Khan Air Base days after the April ceasefire with the US, potentially shielding them from American airstrikes. Pakistan has denied the claim.
On May 11, five Nifty500 stocks closed over 2% below their VWAP levels, indicating rising bearish pressure. A close below the volume-weighted average price suggests stocks ended the session weaker than their average traded price, reflecting increased selling interest, deteriorating intraday sentiment, and possible short-term weakness in select market counters.
Five stocks from the Nifty500 universe appeared in the RSI Trending Up scan on May 11 after showing strengthening momentum. The RSI indicator crossed above 50 from lower levels, signalling improving price strength, positive sentiment, and possible short-term buying opportunities for traders tracking bullish technical setups and momentum-based indicators across sectors.
Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump's China visit, with hopes of leveraging influence for a resolution.
Investor Michael Burry, famed from 'The Big Short,' warns the Nasdaq 100 faces a sharp downturn, likening its "parabolic" tech surge to the dot-com bubble's peak. He points to soaring chip stocks and inflated valuations, suggesting Wall Street is overestimating company earnings. Burry advises caution and profit-taking, anticipating a significant market correction.
He also reaffirmed his administration's commitment to the state's growth, stating that the new team will work with ‘full dedication’ to build a ‘stronger, more developed, and prosperous Assam.’
These appointments reflect the brazen collusion and connivance between the ECI and the BJP. There is no longer even an attempt to keep the collusion discrete or concealed, Congress said.
Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.
