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Mumbai: Escalating tensions between Russia and Ukraine, rising crude oil prices, foreign institutional investors (FIIs) and Q2 GDP will be the major factors for the stock market next week, according to experts. In the last week, the Indian equity markets ended their two-week losing streak on a high note, navigating a volatile week marked by geopolitical tensions, but a strong recovery by the bulls on Friday, supported by exit poll predictions of an NDA alliance victory in the Maharashtra elections, helped stabilise sentiment. Nifty closed 2.39 per cent higher at 23,907.25 and Sensex closed 2.54 per cent higher at 79,117. Due to this rise, Nifty and Sensex rallied by 1.45 per cent and 1.78 per cent, respectively on a weekly basis. This rally saw participation from all sectors except energy. Realty, auto and fast-moving consumer goods (FMCG) contributed the most. Palka Arora Chopra, Director of Master Capital Services said, “Market sentiment was also lifted by the results of the Maharashtra and Jharkhand elections which hold crucial implications for both states and national politics. The stability in Maharashtra could trigger a rally in the stock market, boosting investor confidence due to the continuity of pro-business policies, especially after uncertainty following previous coalition shifts.” Santosh Meena, Head of Research, Swastika Investmart said, “Bank Nifty remains above the 200-day moving average. 51,300 to 52,000 are important resistance levels. If it breaks then 52,600 to 53,300 will be a higher resistance level.” Chopra further said, “During the week, Nifty closed in the green above 23,900. 24,100 is going to be a key resistance level for the National Stock Exchange (NSE) benchmark. If the index goes above this level then it can go up to 24,500. 23,700 is an important support level. If it breaks, then it can go up to 23,400.”Headwinds for the housing market, despite falling interest rates and rising confidence
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There is no risk Sean "Diddy" Combs will act violently if he is released from jail, his defence lawyer said on Friday, in urging a judge to release the music mogul from the Brooklyn jail where he has been held for 10 weeks, ahead of his May 5, 2025 trial on sex-trafficking charges. Combs's lawyers this month proposed a $50-million US bail package backed by his $48-million US Florida mansion. It also called for Combs to be monitored around the clock by security personnel, subjected to home detention, and to have no contact with alleged victims or witnesses. Combs has been denied bail three times since his arrest, with multiple judges citing a risk he might tamper with witnesses. The rapper and producer pleaded not guilty on Sept. 17 to charges that he used his business empire, including his record label Bad Boy Entertainment, to sexually abuse people. New lawsuit accuses Sean (Diddy) Combs of drugging and raping 13-year-old girl New lawsuits accuse Sean (Diddy) Combs of sexual assault of 6 people, including a minor At a hearing before U.S. District Judge Arun Subramanian in Manhattan, defence lawyer Marc Agnifilo disputed prosecutors' contention that a 2016 hotel surveillance video of Combs assaulting his then-girlfriend Casandra Ventura, the singer known as Cassie, showed there was a risk he would act violently if released. "There's a zero per cent chance of that happening," Agnifilo said. Combs apologized this year after CNN broadcast the video, showing him kicking, shoving and dragging Cassie in a hotel hallway. Agnifilo said he had never denied the incident, but said the video was not evidence of sex trafficking. "It's our defence to these charges that this was a toxic, loving 11-year relationship," Agnifilo told the court. Combs is awaiting trail on sex-trafficking charges. (Angela Weiss/AFP/Getty Images) Prosecutor says Combs 'cannot be trusted' Earlier, prosecutor Christine Slavik said Combs tried to bribe hotel staff to delete the surveillance footage — demonstrating he was committed to concealing his crimes by illegal means. Even from behind bars at the Metropolitan Detention Center, Combs had communicated with his lawyers through unauthorized channels, and sought to run a social media campaign to sway potential jurors, Slavik said. "The defendant here has demonstrated that either he cannot or will not follow rules," Slavik said. "The defendant, simply put, cannot be trusted." Defence lawyer Alexandra Shapiro said Combs had a right to respond to news coverage of the case that could paint him unfavourably for potential jurors. Commotion What the Diddy allegations mean for the music industry FRONT BURNER The empire behind Diddy's sex trafficking and racketeering charges Upon being led into the hearing by members of the U.S. Marshals service, Combs, wearing a beige jail-issued outfit, blew kisses at his family seated in the second row of the courtroom's audience. Prosecutors said the abuse included having women take part in recorded sexual performances called "freak-offs" with male sex workers who were sometimes transported across state lines. Combs, 55, has denied wrongdoing, and his lawyers have argued the sexual activity described by prosecutors was consensual. Combs's lawyers questioned why jail was needed when federal prosecutors in Brooklyn last month allowed the pre-trial release on a $10-million US bond of former Abercrombie and Fitch CEO Mike Jeffries, who has pleaded not guilty to sex trafficking. The U.S. attorney's office in Manhattan, which brought the charges against Combs, countered that Jeffries is 80 years old with no criminal history, whereas Combs has prior arrests. They also said federal agents recovered rifles with defaced serial numbers from Combs's residences. This week, Subramanian ordered prosecutors to destroy their copies of handwritten notes that Combs took in jail, pending a decision on whether they were subject to attorney-client privilege.
Shivakumar attributes Channapatna bypoll victory to ‘direct and indirect’ support from JD(S) and BJP leaders
