Markets rebound in early trade after two days of slump
Equity markets rebound as Sensex and Nifty climb, Asian markets rally; oil prices rise, FIIs offload equities. Source
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Goods exports shrink, trade deficit narrows
India Business News: India’s goods exports experienced a slight contraction of 2.3% in May, mirroring a 2.8% dip in imports, leading to a reduced trade deficit of $21.9 bi Source
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Fact check: Viral YouTube claim about ₹500 note ban in
PIB clarified that no policy or directive has been issued by the RBI regarding the removal of ₹500 notes. The currency will continue to be valid. Source
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India Shoots Down Barrage Of Pakistani Drones And Missiles, Destroys
India breached Pakistan’s air defenses, exposing vulnerabilities and neutralizing key units in Lahore. Tensions rise with cross-border military actions escalating. Source
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Pakistan Deputy PM Ishaq Dar calls Pahalgam attackers ‘freedom fighters’
Dar also warned of severe consequences on suspension of Indus Water Treaty. He stated, “240 million people in Pakistan need water. You cannot stop it. It is tantamount to an act of war. Any suspension or encroachment won’t be accepted.” Source
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UAE Athletics Grand Prix: Mohammed Afsal Smashes 800m National Record
The 29-year-old Afsal clocked 1 minute and 45.61 seconds to erase the earlier national record of 1:45.65s set by Jinson Johnson in 2018. Source
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‘One Nation, One Poll’ & One Meaning For Youth: BJP
BJP’s mega event in Delhi will see 1,000 students discuss ‘One Nation, One Election’ legislation with key ministers. Join the debate on its long-term impact. Source
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Pakistan airspace closure: DGCA issues directions to airlines on passenger
The DGCA also directed Indian airlines to have customer service and support readiness in view of the situation, and asked them to ensure seamless coordination between their teams and with service providers. Source
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Markets decline in initial trade dragged by bank, IT stocks
From the Sensex, Tech Mahindra, Tata Consultancy Services, Infosys, ITC, ICICI Bank, Kotak Mahindra Bank, Sun Pharma and HDFC Bank were the major laggards. Source
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Sensex, Nifty rebound nearly 1% on value buying, global rally
Sensex and Nifty rise 1% on value buying in IT and oil shares, global rally, and Brent crude drop. Source
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