📉 Nifty consolidation mode: Key support levels are shrinking

The Nifty is expected to consolidate due to a lack of clear directional momentum in the market. The index traded between 24,226 and 24,360 on Monday, settling at 24,287, a 0.32% drop. Technically, Nifty is hovering near its 20, 50, and 100-day EMAs with RSI near 50. For traders, resistance is at 24,400, while a break below 24,220 could see selling pressure increase. Bank Nifty also showed recovery, with resistance at 57,800-58,000 and support near 57,200-57,100.

📚 Osmania University partners with IIT-Bombay for Sanskrit lessons

Osmania University's EMRC secured a project from IIT Bombay to create digital Sanskrit lessons. This minor project, valued at around ₹70 lakh, will involve developing 110 hours of Sanskrit lessons into 440 digital lessons using AI. EMRC plans to travel nationwide to record lessons from retired professors and Sanskrit experts at their homes. The final content will then be converted into online courses accessible through the Ministry of Education's IKS Division. This collaboration highlights EMRC's technical expertise, which led to the selection by IIT Bombay.

🏈 Breece Hall's groin injury shakes up Jets RB plans

Braelon Allen expressed concern after watching Breece Hall go down with a suspected groin injury during practice. This happened with the New York Jets, where Allen is the next in line for the starting RB spot. The injury occurred during the August 17 practice, and imaging tests are pending to confirm the extent. Hall had recently expressed optimism about having his best season following a major contract extension in May 2026. The Jets will now monitor the recovery timeline, which varies based on the strain severity. 🤕

🥃 Diageo to change India whisky and rum recipes

Diageo has agreed to reformulate its whisky and rum drinks sold in India. This decision comes after a flavorings breach was identified in their products. The company is addressing this issue following internal reviews and regulatory feedback. This action is part of a broader commitment to maintaining high quality standards in the market. The exact timeline for the reformulation rollout is yet to be announced by the company.

🩺 Karnataka scraps 2018 RGUHS bill

The Karnataka state government officially withdrew the Rajiv Gandhi University of Health Sciences (Amendment) Bill, 2018, from the Legislative Assembly on Monday. Medical Education Minister Sharan Prakash Patil confirmed the withdrawal as the government is now developing a new, comprehensive Bill for RGUHS. The original 2018 Bill aimed to change the appointment criteria for university Registrars. Specifically, it proposed doctors instead of IAS and super-time-scale KAS officers. The Governor had previously sent the bill back to the government seeking more details. 🩺

💧 Tirupati shows water bodies to German team

TUDA organized a tour of Tirupati's water bodies for a German delegation as part of the 'City of Lakes' project. The team, led by TUDA chairman C. Divakar Reddy, included officials from KfW Frankfurt. This initiative aims to curb floods and boost water resilience ahead of urban growth. They have already started work on the Avilala tank and connected it with Peruru tank. The planned activities are hoped to start by October 2026 with a phased rollout.

🇮🇳 Congress sticks to short Vande Mataram in Goa

The Congress sang only the first two stanzas of Vande Mataram during a party event in Goa. Party President Mallikarjun Kharge was present at the event on Monday. This action continues the party's stance despite a recent law requiring the full rendition of the song. Sources suggest this decision signals Congress will likely maintain its opposition to the full version. The controversy surrounding the song's rendition appears far from over. 🇮🇳

⚽ Real Madrid ditches big signings bash for private welcome

Real Madrid has decided to change its tradition for welcoming new players this summer. Instead of big Bernabéu presentations, the club will host private institutional events for the six signings and Jose Mourinho. These new arrivals include Marc Cucurella and Ibrahima Konate, joining the squad on the summer of 2024. The intimate ceremonies will allow club president Florentino Perez to meet them with their families, avoiding media fanfare. These private welcomes are expected to happen this week before the squad prepares for La Liga. 🤝

🌍 Trump's foreign policy shift: Strongmen favored over allies

President Donald Trump made significant moves regarding international alliances by endorsing a new defense pact. This involved Saudi Arabia, Pakistan, and Turkey, while simultaneously ordering a reduction in US-South Korean military exercises. These actions occurred after Trump praised the Mecca Joint Defence Agreement and criticized South Korea's stance on Iran. The policy suggests a shift toward personal relationships and transactional demands rather than traditional alliances. Analysts warn this inconsistency could force nations to become more self-reliant. 😟

⛽ Oil prices rise; India greenlights big tech investment

Crude oil prices climbed after Iran declined talks to renew its memorandum of understanding with the US. Meanwhile, the Indian government approved 31 investment proposals worth ₹7,877 crore under the ECMS. These new approvals, announced on Monday, August 17, boost total ECMS investments to ₹69,548 crore. This scheme is expected to generate production worth ₹5.34 lakh crore against the original target. The US market saw minor dips amid Middle East tensions as key economic data is due tomorrow. 📈

🚑 Tourist van overturns on Valparai ghat road

A van carrying tourists overturned at the first hairpin bend of the Pollachi-Valparai ghat section on Monday evening. The accident involved 18 tourists from Pamban in Ramanathapuram district and one from Thoothukudi. At approximately 5.45 p.m., the van overturned while driver Sheik Mohamed negotiated the bend, resulting in 12 injuries. Rescue teams from Kadambarai police station and Fire and Rescue Services managed to safely move the injured to the District Headquarters Hospital in Pollachi. Authorities are currently conducting a further investigation into the incident. 🚑