Sunday, March 08
Domestic benchmark indices closed sharply lower on Friday amid broad-based selling, with losses most pronounced in consumer, IT and energy stocks. The Nifty settled at 25,471.10, down 336 points or 1.30%, while the BSE Sensex plunged 1,048.16 points, or 1.25%, to finish at 82,626.76.After back-to-back correction, the setup for Nifty has turned relatively cautious, with the index slipping below its 20DMA for the first time in the past few sessions. The 50-stock index is now trading below the key support level of 25,500, suggesting a weak near-term bias.Indian markets will look for fresh triggers with the earnings season ended this week. With this, analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the o
New Delhi: Akasa Air is focused on building redundancies and fiscal discipline, and is not "opportunistic", the airline's CEO Vinay Dube said on Saturday.Dube said one of the elements that drives Akasa Air is the ability to manage its aircraft fleet with discipline."We're not opportunistic by saying, let us pad the high months (of traffic demand) with a dry lease or a wet lease aircraft. We are not opportunistic in saying, let's send off or park these aircraft during downtimes."So, I think, planning and fiscal discipline are key ways," he said.Akasa Air 33 planes and another aircraft will soon be joining its fleet. The airline started operations in August 2022.Speaking at the ET Now Global Business Summit 2026, Dube emphasised that building redundancies is core to the airline, whether it i
