Wednesday, September 23
India’s Aircraft Accident Investigation Bureau (AAIB) has said there is no immediate need for action by Boeing or GE following last month’s Air India crash in Ahmedabad that killed 260 people, the worst aviation disaster globally in over a decade. “At this stage of investigation, there are no recommended actions to Boeing 787-8 and/or GE GEnx-1B engine operators and manufacturers,” the AAIB said in its preliminary report released Saturday.Also Read: Air India plane crash report out; Both engines 'cut off' mid-air '01 second apart', pilots in cockpit left confused about cause The initial findings noted that the aircraft’s engine fuel cutoff switches moved from “cutoff” to “run” within seconds of each other just before the crash. The bureau has not linked this sequence dire
"Looking at the put-based concentration, Nifty is currently trading below the major put base at 25,300. On the call side as well, major writers have shifted their positions to the 25,300 and 25,200 strikes. This clearly indicates that we may witness further pressure if Nifty continues to trade below the 25,300 level next week. That level will act as a significant resistance for the coming week," says Rajesh Palviya, Axis Securities.It was a challenging week. We did see pressure to a large extent across the board. What is your take on the markets now? Do you see the indices performing in the coming week?Rajesh Palviya: Yes, Nifty corrected by almost 1.30% this week. It has now slipped below the 20-day moving average on a weekly closing basis, which is a negative development for the near-ter
