Silver prices retreated from their record high, with a key technical indicator showing that a six-session rally pushed the metal into overbought territory. Gold also fell slightly. Silver was trading at around $57.45 an ounce, more than $1 below the all-time high it hit in the previous session. Traders bet on continued scarcity of supplies and expectations of a new cut in interest rates in the United States, which is a supportive factor for precious metals that do not generate a return. But the 14-day RSI suggests that the recent speculative fervor has quickly crossed the line. A reading above 70 points indicates an excessive increase in momentum. “We have now crossed the limits of rational momentum,” Daniel Ghaly, senior commodities analyst at TD Securities, wrote in a note. “Demand expectations have softened across all categories, leaving investment demand as the primary driver for now,” he said, citing weak physical trading in London’s over-the-counter market. Also read: Who caused the record price of silver to rise? Ask solar: Bets on scarcity of supply support prices. Silver’s rally, which had risen more than 8% in the previous two sessions, was fueled by bets on continued scarcity of supplies. Since record volumes of the metal poured into London in October to ease a historic crisis, other trading centers have come under pressure, with stocks linked to the warehouses of the Shanghai Futures Exchange hitting their lowest levels in a decade. Both silver and gold also received support from rising expectations that the Federal Reserve will make another rate cut next week. Traders have priced in the almost certain possibility of a quarter point cut at the Fed’s final meeting this year. Silver was down 1% at $57.4245 an ounce by 08:28 in Singapore. Gold fell 0.2%. The Bloomberg Dollar Spot Index rose slightly, while palladium and platinum both fell.

Apple’s head of artificial intelligence John Giannandrea plans to step down from his post, ending a troubled tenure at the iPhone maker. Apple said in a statement Monday that Gianandrea, who served as senior vice president of machine learning and artificial intelligence strategies, will remain an adviser before he fully retires from the company in the spring. On the other hand, the company announced that artificial intelligence researcher Amar Subramania has joined it as vice president of artificial intelligence. He will report to chief software officer Craig Federighi, and will oversee Apple’s foundational models, machine learning research, and the safety and evaluation of artificial intelligence systems. Also read: Big tech companies bet on our laziness… and win the bet. Subramanya spent 16 years at Google, a subsidiary of Alphabet, and most recently served as corporate vice president for artificial intelligence at Microsoft.

The United States is seeking deals with eight allied countries as part of a new effort to strengthen supply chains for microchips and critical minerals needed for artificial intelligence technology, according to the State Department’s top economic affairs official. The initiative, which builds on efforts dating back to the first administration of President Donald Trump, comes at a time when the United States is seeking to reduce its dependence on China. It will begin with a meeting at the White House on Dec. 12 between the United States and its counterparts from Japan, South Korea, Singapore, the Netherlands, the United Kingdom, Israel, the UAE and Australia, Jacob Helberg, undersecretary of state for economic affairs, said in an interview. Helberg, a former consultant at Palantir Technologies, said the summit will focus on reaching agreements on energy, critical minerals, advanced chip manufacturing, artificial intelligence infrastructure and transportation logistics. He explained that the selection of these countries is due to reasons ranging from the fact that some of them are the headquarters of the most important semiconductor manufacturing companies in the world, and that some of them possess vital resources of necessary minerals. “It’s clear that right now in AI it’s a two-horse race: the United States and China,” Helberg said. “We want a positive and stable relationship with China, but we’re also willing to compete, and we want to make sure that our companies can continue to build transformative technology without being subject to forced adoption.” Critical Minerals Agreements and AI Competition The Helberg initiative builds on years of efforts related to critical minerals supply chains by previous administrations, primarily aimed at helping reduce the West’s reliance on China. During the first Trump administration, the State Department launched the US Energy Resources Governance Initiative with the goal of securing supply chains for essential minerals such as lithium and cobalt. The Joe Biden administration launched the Mineral Security Partnership, which aimed to direct foreign investment and Western expertise to the mining sectors of developing countries. However, the United States and other countries have not been able to break China’s dominance in rare earth resources. China owns more than 90% of the global capacity to refine rare earth elements and produce permanent magnets, compared with only 4% for second-place Malaysia, according to the International Energy Agency, an international government organization based in Paris. In early October, China announced a tightening of controls on the export of rare earth elements, before agreeing to a one-year suspension, following a meeting between Trump and President Xi Jinping. Also Read: China tightens restrictions on export of rare earth technologies. Focus on producing countries. Helberg said that his initiative, unlike the Biden-era initiative that included more than a dozen key countries, focuses on producing countries. While the first Trump administration initiative focused on rare earths, it preceded the release of artificial intelligence platforms such as “ChatGPT,” and the new plan focuses on all layers of technology related to artificial intelligence, not just one layer, according to Helberg. Helberg, 36, was a senior adviser to Palantir CEO Alex Karp and co-founded the Hill & Valley Forum, a gathering of US technology leaders and lawmakers focused on national security challenges, particularly those related to competition with China and the advancement of artificial intelligence and other technologies. Helberg said working with trusted allies on the AI ​​initiative is an “America-focused” strategy rather than a response to China. He added: “Participating countries recognize the transformative impact of artificial intelligence, whether on the size of a country’s economy or the strength of its military. They want to be part of the artificial intelligence boom.”

Copyright © HT Digital Streams Limited All rights reserved. The joining bonuses were typically part of the compensation. But over the years, start-ups and AI companies have sought out IIT students with stock options to compete with the more established firms. (Mint) Summary HFT firms to Big Tech giants flocked to IIT campuses to pick the best tech talent. But recruiters are equally concerned about young hires who have joined after them. To counter attrition, they adjust the terms of payouts. As Wall Street’s top-tier firms to Big Tech giants kick off the hiring season at the Indian Institutes of Technology, salaries on offer are expected to cross a crore of rupees. But recruiters don’t give the graduates a free pass. To prevent them from jumping ship, these lucrative compensation packages often come with riders, including joining bonuses, limited stock units and refund provisions. Samsara Inc is expected to offer a remuneration of up to ₹1.2 crore (£109,580) at IITs for software engineering roles, according to Mint’s review of job profiles with placement cells. But it includes a performance bonus of £6,630 and £36,650 worth of shares which vest over three years. A relocation bonus is also available for candidates who need to relocate to London. High frequency trader NK Securities, one of the top recruiters at the IITs by compensation offered, is looking for a Quantitative Researcher and a Software Developer. While the compensation is expected to be around ₹ 80 lakh, it includes a joining bonus of ₹ 2 lakh, a fixed bonus of around ₹ 25 lakh, and variable pay and non-cash benefits. The joining bonuses were typically part of the compensation. But over the years, start-ups and AI companies have sought out IIT students with stock options to compete with the more established firms. “Retaining top-level engineering talent, especially those coming out of institutes like the IITs, is becoming increasingly difficult due to multiple factors,” says Narayanan Ramaswamy, partner and head of the education and skill development practice at KPMG in India. “First, young people today want to explore options before finding their calling, which means they will only stick with a job if it is both interesting and rewarding. Second, job roles change quickly, and corporates will need agile and adaptable talent, especially when they have spent some time understanding the organizational culture and requirements,” added Ramaswamy. To retain talent, organizations have devised tactics such as good sign-on bonuses, retention bonuses, financial reimbursements and generous employee stock options (Esops), he said. “The goal is to keep their intellectual herd together, and extend the value they bring for a longer period by preventing rapid departures. That said, even these measures are only successful up to a point, competing firms buy them out with an even sweeter deal.” Over the past few years, newer artificial intelligence-focused firms have been given top slots during the IIT placement season. This coincided with a slowdown in the hiring of the madness in the pandemic era. However, IITs have seen some uptick in hiring momentum in 2025. This year, high-frequency trading companies including Quadeye, Graviton Research Capital, NK Securities, Quantbox Research and Squarepoint Capital are offering performance and joining bonuses. The goal is to secure the candidate once the offer is made. Texas Instruments offers about ₹40-43 lakh to graduates and post-graduates at IITs. The company’s job description at one of the IITs indicates $10,000 worth of restricted stock units (RSUs) that have a four-year vesting period, according to documents reviewed by Mint. RSUs are a retention tool where employees are awarded a fixed number of shares after a specified period, during which they must meet performance criteria. Preference for variable pay Consulting firm Aon’s September report also found a growing preference for variable pay and bonuses in salaries offered to graduates of top engineering and business schools. The majority of the 200-plus companies surveyed expected moderate to high growth in campus recruitment, the report found. Organizations focus on performance incentive through variable pay, ranging from 10% to 12%, it said. While master of business administration (MBA) and engineering graduates saw slight increases in total cost to company (TCC), the increase is driven primarily by variable pay and joining bonuses rather than fixed pay, according to the study. Placements at IIT are a barometer of how campus recruitments in India will shape up over the next few months. The older IITs – Delhi, Bombay, Madras, Kharagpur, Kanpur, Roorkee, Guwahati – started their final placements from the wee hours of December 1. High-frequency trading companies including Da Vinci Trading, tech giants Tesla Inc., Apple Inc., Microsoft Corp., and Nvidia Corp., and aircraft makers Airbus and Boeing are among the companies that will clash to win the best engineering talent, Mint reported on Monday. “There has been no change in median salaries and bonuses this year, with compensation levels broadly in line with previous cycles,” Airbus said in an emailed response to Mint. “Adjustments, where applicable, have been made in line with industry metrics and business priorities to ensure competitiveness and fairness.” The aircraft manufacturer will recruit from IIT Bombay, Kanpur, Madras and Kharagpur, and the roles on offer include structural analysis, flight physics, simulations and advanced systems studies. Palo Alto-headquartered healthcare firm Risa Labs is recruiting for systems engineer and associate product manager roles for its India and US offices. Founded by IIT Kanpur alumni Kshitij Jaggi and Kumar Shivang, the healthcare startup is expected to offer compensation of around ₹36 lakh in India and $150,000, with an additional $30,000 worth of equity (around ₹1.6 crore total) in the US. Bonus clawbacks To combat attrition, some companies have included specific provisions for clawbacks if candidates leave before a set period. Automaker TVS Motor Ltd noted that the ₹3 lakh joining bonus comes with a three-year repayment period. Publicis Sapient will offer a deferred cash payment of ₹ 2 lakh on completion of the first year, and a similar amount after two years. IDFC Bank Ltd also has an explicit clawback provision. “If an employee resigns before completing one year, he/she will have to pay ₹1 Lakh towards training charges,” reads the bank’s job description given to students. The lender will offer various roles with offers ranging from ₹ 23-27 lakh for roles of Associate Data Analyst and Associate Data Scientist respectively. Siemens Energy, which is looking for substation control and protection engineers, will offer ₹14.5 lakh in cost-to-company (CTC). It will also pay a joining bonus of ₹1.5 lakh “with a repayment period of 2 years”. Analytics and digital solutions firm EXL’s terms include a return of the joining bonus and an anniversary bonus. The bonuses of ₹ 1 lakh each will be given at the time of joining and after completion of one year respectively. If the new employee leaves within the set period, the bonus will be taken back. In an emailed reply to Mint’s queries, Rajesh S. Nandanwar, senior vice president for talent acquisition at EXL, said that bonuses, including for joining and retention, refunds and stock options, have become standard industry practices. “Rather than being seen as obstacles, these mechanisms are designed to reward and motivate those who are truly committed to an organization’s vision,” he said. “We view such bonuses, reimbursements and stock options as valuable incentives that strengthen long-term engagement and help align individual aspirations with the company’s success.” Email inquiries to Samsara, Quadeye, Graviton Research Capital, NK Securities, Quantbox Research, Squarepoint Capital, Texas Instruments, Risa Labs, Siemens New Energy, TVS Motor, Publicis Sapient and IDFC First Bank went unanswered. Reliance Industries Ltd offers a deferred bonus of ₹5 lakh and an annual cash bonus of ₹1.05 lakh, according to Mint’s review of the company’s job description shared with one of the IITs. The company is hiring graduate engineering trainees for its sites in Jamnagar, Haziram, Patalganga, Vadodara, Nagothane, Dahej, Bangalore and Navi Mumbai. “There is a differentiated remuneration offered to graduates of IITs – 9 Lakh on joining, and 10.55 Lakh on Confirmation after 1 year of training period,” a Reliance Industries spokesperson said in an email reply to Mint’s queries. “We value long-term association and therefore offer a deferred bonus to graduates who stay back for more than 3 years.” Get all the education news and updates on Live Mint. Download the Mint News app to get daily market updates and live business news. more topics #IIT Posts Read Next Story

Livemint Published Dec 2, 2025, 05:42 IST Costco plans to join a fast-growing list of companies suing the Trump administration to ensure they are eligible for refunds if the global tariff policy imposed by the US president is struck down by the Supreme Court. Dozens of companies have filed lawsuits in a U.S. trade court since late October challenging Donald Trump’s use of emergency powers to impose tariffs, and now the nation’s largest warehouse club chain has decided to follow suit. This is a developing news. Check back later for more details.

By Julie Ingwersen CHICAGO, Dec 1 (Reuters) – Hog futures on the Chicago Mercantile Exchange (CME) closed lower on Monday as technical-driven selling and declines in Wall Street stocks outweighed early support linked to optimism over U.S. pork exports, traders said. Traders have been monitoring an outbreak of African swine fever in Spain, one of the world’s biggest pork exporters. The wild boar outbreak in Barcelona prompted several countries, including major buyer China, to halt imports of Spanish pork on Friday, potentially creating an opportunity for US supplies. However, Spain received confirmation from China on Monday that it can resume exporting pork from its other regions. Spain’s Agriculture Minister Luis Planas said on Saturday that about one-third of the country’s pork export certificates had been blocked because of the outbreak, although no farms had tested positive so far. Pork farms within a 20 km radius of the initial infection site face operating and sales restrictions. CME February lean hog futures were down 0.700 cents at 80.300 cents a pound, having eased to 82.125 cents after an early climb. Market players were trying to sort out the impact of the outbreak in Spain, traders said. Technical selling pressured futures to session lows late in the day, they said. The U.S. Department of Agriculture priced hog carcasses at $94.79 per hundredweight Monday afternoon, up $0.57 from Friday. Cattle futures ended lower and consolidated after higher closes on Wednesday and Friday. Traders were waiting to see where cash cattle would trade after last week’s cash sales at $215 to $220 per cwt in Kansas and Texas. CME February live cattle fell 1.925 cents to 215.925 cents per pound, staying within Friday’s trading range. January feeder cattle fell by 2,900 cents at 312,075 cents per pound. The USDA priced choice beef Monday afternoon at $368.89 per cwt, up $2.07 from Friday. Certain cuts jumped $6.83 to $357.88 per cwt. (Reporting by Julie Ingwersen in Chicago Editing by Matthew Lewis)

Apple has announced a major leadership change within its artificial intelligence division, hiring former Microsoft and Google CEO Amar Subramanya to replace longtime AI chief John Giannandrea. The transition is the most significant shakeup in Apple’s AI ranks since the launch of its Apple Intelligence suite in 2024, and comes at a time when the company faces increasing scrutiny over its position in the AI ​​race. Why is Apple changing its AI leadership now? John Giannandrea, who joined Apple in 2018 and served as Senior Vice President of Machine Learning and AI Strategy, will step down from his role and retire next spring. Apple said it will remain an advisor until then. The decision comes during a period of heightened pressure for Apple, as analysts and industry experts increasingly argue that the company is trailing rivals such as Microsoft, Google and Meta in advanced AI development. Apple Intelligence — intended to reassert Apple as a competitive force after the AI ​​resurgence sparked by ChatGPT in 2022 — struggled to impress. Users and critics have given the system lukewarm reviews, and one of its centerpiece features, a vastly improved Siri assistant, has been delayed until 2026. The delay was widely seen as evidence of internal development obstacles. Who is Amar Subramanya? Amar Subramanya is an AI researcher with a career spanning some of the world’s most influential technology companies. Before joining Apple, he most recently worked at Microsoft and previously spent time at Google’s DeepMind unit — one of the industry’s leading AI research groups — according to his LinkedIn profile. At Apple, Subramanya will assume the role of vice president of AI and report directly to Craig Federighi, the company’s senior vice president of software engineering. Apple confirmed that he will lead teams responsible for foundational models, AI research and AI safety, while responsibilities previously overseen by Giannandrea will be redistributed to Chief Operating Officer Sabih Khan and Chief Services Officer Eddy Cue. In a statement praising the structural shift, Apple CEO Tim Cook said Federighi had already been “instrumental” in guiding the company’s AI ambitions. “In addition to expanding his leadership team and AI responsibilities with Amar’s joining, Craig has been instrumental in driving our AI efforts, including overseeing our work to bring a more personalized Siri to users next year,” Cook said. Is Apple behind its AI competitors? Although Apple shares are up 16% in 2025, they still lag behind those of its tech peers — many of which are deploying billions in AI data centers, proprietary chips and frontier scale models. Analysts argue that Apple’s more conservative approach to infrastructure investment has caused the company to catch up. Apple has emphasized that it is “significantly increasing” its AI spending, and Cook has repeatedly described AI as a “groundbreaking” technology. The company has also entered into an agreement with OpenAI to integrate ChatGPT into its products, including Siri. However, Apple remains committed to a distinctive strategy: favoring on-device processing instead of cloud-based computing, a choice that prioritizes privacy and efficiency but requires highly optimized models. How does this shift fit into Apple’s broader AI ambitions? The company’s AI story in 2025 was shaped not only by internal restructuring, but also by external developments. Jony Ive — Apple’s former chief designer and one of the architects of the iPhone — has sold his hardware startup to OpenAI for $6.4 billion, with plans to help the AI ​​lab develop its own hardware. Early prototypes, Ive and OpenAI CEO Sam Altman said, are already complete and could debut within two years. That raises questions about how Apple will maintain its hardware dominance as rivals accelerate toward AI-specific devices. Industry analysts argue that while Apple has built an unparalleled brand of loyalty since the iPhone’s debut in 2007, the next big hardware shift may be driven by artificial intelligence rather than traditional mobile innovation — making leadership changes like Subramanya’s particularly consequential.

Florida-based rapper POORSTACY has died following a medical emergency at a Boca Raton hotel where he was staying, according to multiple media reports. Boca Raton Police Department confirmed that the rapper, whose real name is Carlito Milfort Jr. has, aged 26, died after an “incident” at an address they chose not to officially disclose. POVERTY cause of death A number of fan comments on the rapper’s social media profiles appear to indicate that he died by suicide, but authorities have yet to confirm this claim. However, the Palm Beach Country Medical Examiner said the cause of death is still under investigation. TMZ spoke with an employee at the Boca Raton hotel, who revealed that the rapper was taken to a local hospital Saturday morning due to a medical emergency. He has been living in the institution for 10 days and has checked in with a woman and a toddler. There were no other reports of injuries at the hotel on Saturday. Who was POORNESS? Hailing from Palm Beach, Florida, POORSTACY was an up and coming artist adept at blending genres such as rock, punk and emo rap. POORSTACY was nominated for a Grammy Award for appearing on the soundtrack of the movie Bill & Ted Face the Music. He also frequently collaborated with Travis Barker, the drummer for Blink-182. The duo worked together on three songs, with the most successful being Kies die lewe. He also collaborated with Oli Sykes, the frontman of the band Bring Me the Horizon, on the track Knife Party. His first EP, I Don’t Care, released in 2019, made fans and peers aware of his talents. POORSTACY subsequently released two studio albums on the 10K Projects label, owned by Elliot Grainge. He also previously worked with the label Internet Money Records. His most recent release was the song Nothing Belongs to You in July this year. Vandrevala Foundation for Mental Health: 9999666555 Or [email protected] TISS iCall: 022-25521111 (Monday-Saturday: 08:00 to 22:00) (If you need support or know someone who does, please contact your nearest mental health specialist.)

Copyright © HT Digital Streams Limited All rights reserved. Stock Recommendations: MarketSmith India recommends two stocks for December 2. Summary MarketSmith India reveals its top recommendations for today, December 2. Get expert insights on the best performing stocks to guide your investment decisions. Indian equity benchmarks ended Monday’s volatile session marginally lower, giving up strong morning gains that propelled both Nifty 50 and Sensex to new all-time highs. Nifty 50 closed at 26,170.80, registering a modest decline of 32.15 points or -0.12%. Sensex settled at 85,533.70, down 172.97 points or -0.20%. The initial rally was driven by strong sentiment following better-than-expected 8.2% GDP growth in the second quarter before earnings talk at higher levels sent the indices lower. Market breadth was clearly negative, with the advance-decline ratio across the BSE 500 standing at around 0.68:1 (200 advances vs. 294 declines), indicating caution in the broader market, particularly in the mid- and large-cap segments. On the sectoral front, Auto and PSU banks fared better, while Realty and IT faced selling pressure. Overall sentiment remained cautious ahead of key global data releases later in the week, with investors opting to lock in gains amid a lack of fresh domestic triggers. Two stock recommendations for today by MarketSmith India Buy: Bank of Baroda (Current price: ₹295.50) Why it is recommended: Broad branch and customer network + scale, diversified product and service offerings Key metrics: P/E: 7.79, 52-week high: ₹300, volume: ₹2000 factor equal analysis: R2-405 factor. Economic slowdown/credit risk, margin pressure/net interest margin (NIM) volatility Buy: ₹293–297 Target price: ₹330 in two to three months Stop loss: ₹280 Buy: Varroc Engineering Limited (current price: ₹670) Why it is recommended: Position in the automotive customer sector, (strong focus on the auto parts sector) segment benchmarks: 43.04; 52-week high: ₹717; volume: ₹94.20 crore Technical analysis: Flat base breakout Risk factors: Dependence on a few big customers/OEMs, industry cyclicality and auto sector slowdown risk Buy at: ₹660–675 Target price: ₹760 in two to three months Stop loss: ₹6300 Indian end December 1 How the Indian end 6300 performs slightly lower on Monday, with Nifty 50 which fell 0.10% to 26,175, following a muted global risk tone and selective profit-taking after last week’s gains. The index traded in a narrow band but failed to maintain its early strength, weighed down by weakness in defensive and rate-sensitive sectors. Sector performance was mixed. Nifty Auto, IT and Metal fared better with modest gains, while Healthcare, Consumer Durables, Realty and Pharma saw the sharpest declines. Broader market breadth remained soft. The advance-decline ratio stood at 1,384:1,728, indicating selling pressure across mid-cap and small-cap segments. PSU Banks held firm, supported by steady credit growth expectations, while Financial Services and FMCG declined slightly. Nifty 50 extended its consolidation phase today, with price action showing modest positive close but limited directional conviction. The index continues to trade above its short-term moving averages, reflecting a continued upward bias, while the broader structure suggests a steady series of higher lows over the past few weeks. Recent candles indicate mild indecision near the top of the current range, indicating a cooling of momentum after the sharp November climb. Momentum indicators point to moderation. Currently hovering in the low 60s, the RSI remains in bullish territory but has flattened, suggesting a possible pause in strength as traders await clearer clues. Meanwhile, the MACD is still holding above its signal line, but the histogram has narrowed, suggesting a slowdown in bullish momentum, but not yet a reversal. According to O’Neil’s market direction methodology, the market status has shifted to a “Confirmed Uptrend” as it decisively surpassed its previous rally high of 25,670 to register a new 52-week high. The RSI has eased slightly to around 62, indicating cooling momentum, but still holding in bullish territory, reflecting a healthy pullback within an uptrend. Meanwhile, the MACD remains in positive alignment, although the histogram is showing signs of narrowing, indicating a possible slowdown in upward momentum. The index ended the session largely unchanged, having briefly touched an intraday high of 26,326 before closing below 26,200. A decisive close above 26,300 would be a constructive development and could open the door for a fresh upswing to 26,500–26,700 in the near term. On the downside, immediate support is seen at 25,850, while a stronger demand base around 25,700 remains critical to maintain a broader uptrend and maintain overall market stability. How did Nifty Bank perform? Nifty Bank showed continued resilience and managed to end the session on positive territory despite broader market consolidation and profit booking at higher levels. The index marked a historic milestone by opening above the psychological 60,000 mark for the first time and hitting an all-time high of 60,114.05 in morning trade. Finally, Bank Nifty closed at 59,752.70, registering a marginal gain of 15.40 points or +0.03%. The day’s strength was supported by continued institutional interest in the financial sector, fueled by strong domestic growth prospects and ongoing expectations of a potential RBI rate cut cycle following the better-than-expected Q2 GDP data. The rally was notably led by Public Sector Banks (PSU Banks), with key performers being Bank of Baroda (+2.28%), Kotak Mahindra Bank (+1.47%) and State Bank of India (SBI) (+0.57%). Selling pressure was observed in some private banking heavyweights, preventing a more decisive breakout. The index extended its steady uptrend today, with price action building on its recent series of higher highs and higher lows. It closed near 59,681, maintaining momentum above its short- and medium-term moving averages, reflecting sustained buying interest on minor declines. From a momentum point of view, the RSI remains firmly in the bullish zone, hovering near the 70 mark. While elevated, it did not show any sharp reversal signal, indicating that the continued strength is still supported by improving trend conviction rather than overextension. The MACD is still trading above its signal line, and the histogram remains positive, reinforcing the continuation of upward momentum. Nifty Bank moved into uncharted territory, boosting the overall market sentiment. Continued buying interest suggests that the index may rise to 60,000–60,500 in the near term. Immediate support is placed at 58,500-58,400, and any minor decline towards this band is likely to attract renewed accumulation from market participants. Momentum remains strong, and the broader trend remains constructive. Hence, the buy-on-dip approach remains valid as long as the index holds above key support levels. With bullish undertones intact, the index is well positioned for further upside unless a decisive break below support emerges. MarketSmith India is an equity research platform and advisory service focused on the Indian stock market. It provides tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O’Neil. You can access a 10-day free trial by registering on its website. Brand Name: William O’Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. It does not represent the views of Munt. We advise investors to check with certified experts before making any investment decisions. Get all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download the Mint News app to get daily market updates. more topics #markets premium # stocks to buy # stock recommendations # stock recommendation # Stock Markets Read next story

Jakarta – President Prabowo Subianto visited a number of points in the regions of Aceh, North Sumatra (North Sumatra) and West Sumatra (Sumbar), which were hit by floods and landslides. Prabowo conveyed a number of directions for dealing with the disaster until it is resolved. Prabowo visited the Central Tapanuli (Tapteng), Kutacane and Padang Pariaman areas for the first time on Monday (1/12). Based on the Center for Disaster Data, Information and Communication (Pusdatin BNPB) website, Monday (1/12) afternoon, the total number of victims who died was 604 people. Here are some of Prabowo’s directions when visiting disaster areas and meeting refugee residents: Scroll TO CONTINUE CONTENTS 1. Overcome problems immediately in North Sumatra. Prabowo visited the first place affected by floods and landslides in the Central Tapanuli area. Prabowo said that many routes are still cut off, making it difficult to handle things at the location. “Many routes are still cut off, but we will immediately do everything to overcome the problems encountered,” Prabowo said in Central Tapanuli, North Sumatra, on Monday (1/12). Problems encountered when dealing with disasters include fuel supply and electricity supply in affected locations. Prabowo guaranteed that the government would do everything possible to overcome the existing problems. “Now the problem of fuel is that we can get big ships to dock in Sibolga, then we continue to deploy Hercules (aircraft), maybe every day several points can be landed,” he said. Prabowo appreciated the performance of all parties in dealing with floods and landslides in Sumatra. Prabowo is confident that with joint synergy the handling will be resolved quickly. “So now I think I would like to thank all the agencies, TNI Polri, PU, ​​BNPB, who are also working well, we are facing this, we are facing this disaster with fortitude and with solidarity, we are all united to overcome it, our country is strong and is now able to overcome it,” he said. 2. All regions must be prepared for climate change. Apart from that, Prabowo stressed the importance of government preparedness to face the increasingly real impacts of climate change. Prabowo asked all regions not to be indifferent and to start anticipating environmental risks. “We are grateful that the weather is improving, the forecasts are that the worst is over. Hopefully, now we face climate change well,” Prabowo said at Raja Sisingamangaraja XII Airport, North Tapanuli Regency, Monday (1/12). Prabowo said the government must be prepared to face climate change. He also asked all regions to start anticipating the impact of climate change which is still occurring. “The government should really function to protect the environment, foresee future conditions, maybe all regions should be prepared to face the consequences of climate change,” he said. 3. National police chief reveals Prabowo’s directions in North Sumatra National police chief General Listyo Sigit Prabowo revealed Prabowo’s directions when he visited disaster victims in Central Tapanuli. Sigit said Prabowo gave a number of directions, from satisfying the community’s basic needs to supplementing needs. “So in line with the president’s directive, after checking everything related to the activities at the post, starting from how the joint TNI-Polri personnel, then also the regional government and all relevant stakeholders have jointly carried out activities, starting with the preparation of food for the refugees,” General Sigit said at the evacuation post for flood-affected residents at GOR Pandan, Central Tapan, Monday (1/12). National Police Chief General Sigit accompanies President Prabowo on Monday (1/12) in Central Tapanuli, North Sumatra. (Doc. Polri) “Then he also checked on health services, including his interactions with the refugees, there were several things that were of concern, related to several routes that were cut off,” he added. Sigit said Prabowo had given directions so that everything damaged by the disaster should be repaired immediately. According to him, Prabowo also asked all related parties to maximize services to help disaster victims. “Earlier, his direction was to carry out immediate repairs, including needs related to basic needs, then the daily needs of the community such as fuel. He used to check what routes there were, one of which was Sibolga,” the National Police Chief said. “He essentially ordered that all activities be carried out to help people affected by this natural disaster to be really maximized so that everything can go well,” he continued. 4. Repair damaged bridges in Aceh After inspecting the North Sumatra area, Prabowo met flood victims at the evacuation post in Bambel Baru Village, Bukit Tusam, Southeast Aceh, Aceh. Prabowo emphasized to residents that the government would immediately repair damaged bridges. “Of course we are very worried and we also share our condolences with those who were victims and God willing, we are also grateful that the weather has improved, the situation has somewhat passed,” Prabowo said when he visited the evacuation post, Monday (1/12). Prabowo appreciated the TNI and Polri for being vigilant in dealing with the impact of disasters in a number of areas. Prabowo stressed that his party would immediately reopen damaged bridges after the flash flood hit. The moment President Prabowo visited the victims of flash floods in West Sumatra. (Special Doc.) “I thank them as well as the TNI, the police, their response was quick. We will open the bridge soon, we will immediately repair the damaged bridge. Before, I actually allocated a budget for facilities and infrastructure in towns and districts,” said the former Defense Minister. Prabowo said the government already has a budget for infrastructure improvements. He emphasized that the central government will reduce the budget so that more can be paid out to the regions. “So, thank God, we have the budget, we are making a lot of savings at the center so that we can provide as much assistance as possible to help the interests of the people at the bottom,” he said. 5. Restore clean water and damaged bridges in West Sumatra. Next, Prabowo visited the evacuation post for flood victims in Batang Anai, Padang Pariaman, West Sumatra. Prabowo promised that the government would provide various public amenities to houses damaged by flash floods and landslides. “Today I came here directly to see the reports of the leaders, to see and hear the situation directly. Thank God the weather has improved, thank God a lot of help has arrived,” Prabowo said at the evacuation post at Perum Kasai Permai, Nagari Kasang, Padang Pariaman, Monday (1/12). Prabowo said electricity in West Sumatra was almost 100% restored. The chairman of the Gerindra Party promised that the flow of clean water, bridges and damaged residents’ houses would also be restored. “I received a report that electricity in West Sumatra is almost 100%. Water is being restored, we are calculating all the bridges, God willing, we will restore everything. We will help damaged houses,” he said. Prabowo expressed his condolences to the families of the victims who died as a result of the disaster. Prabowo guaranteed that the government would help residents affected by the disaster. “I am sorry for the families who lost. I pray, ladies and gentlemen, to strongly believe that we are all one big family, we will not let our brothers and sisters carry the burden alone,” he said. (rfs/rfs)