MONTREAL — Second Cup Canada is cutting ties with a franchisee operating at Montreal’s Jewish General Hospital who was allegedly filmed making hateful and antisemitic comments during a protest in the city last week. Second Cup Canada announced Saturday it was cutting ties with a franchisee for “making hateful remarks and gestures,” and adding in a statement the actions breach the franchise agreement as well as inclusion and community values held by the chain. Peter Mammas, CEO of Montreal-based Foodtastic, which owns Second Cup Canada, said in an interview on Sunday that he was at the movies when his phone started pinging non-stop. He saw the videos and the company’s operations staff spoke to employees that knew the woman, and they confirmed it was indeed the franchisee. Video shot during a pro-Palestinian demonstration outside of Concordia University’s downtown Montreal campus Thursday shows a woman walking around, masked, saying the “final solution is coming your way” — wording used to describe a Nazi plan to eliminate Jews in Europe during the Second World War. Another video also shows what appears to be the same woman, unmasked, making a Nazi salute while walking away. “We’re all for free speech and respectful conversations, but this wasn’t that,” Mammas said. “This was hate speech, and it was something that we thought could incite violence and we’re completely against that, so we sat down with our team and decided to revoke the franchise agreement.” Attempts to reach the franchisee were unsuccessful on Sunday. “Second Cup has zero tolerance for hate speech,” the coffee chain said in a statement on X. “In co-ordination with the hospital, we’ve shut down the franchisee’s café and are terminating their franchise agreement.” Mammas said lawyers for the franchisee and Second Cup were expected to meet on Monday. The regional health agency serving West-Central Montreal, which includes the Jewish General Hospital, said it was made aware of the video “containing antisemitic and hateful messaging.” The video is related to a franchisee of Second Cup, one of the private tenants operating within the (Jewish General), Carl Thériault, a spokesman, said in a statement on Sunday. “We fully support Second Cup’s decision to take swift and decisive action in this matter by shutting down the franchisee’s cafés and terminating their lease agreement.” The hospital has two locations operated by the same franchisee and both were shuttered on Saturday by the owners of the chain. The health agency “is committed to fostering a culture of inclusion and stands firmly against antisemitism and any other form of discrimination or hate speech,” Thériault said. “We have franchisees who are Muslim, we have franchisees who are Jewish, we have franchisees that are Greek, French, we have employees from all different nations,” Mammas said. “So we definitely have no issue with that and we don’t take any political side, but ... hate speech ... you know we can’t accept that.”No. 16 Iowa State falls short in Big 12 title game again, this time with CFP at stake
This had been an uncharacteristically boring winter on the coaching carousel ... until last Thursday, when I got this text: “Be ready for BB to UNC.” When that popped up on my phone from a source who is usually very accurate, I was perplexed. BB??? The only “BB” I could think of in coaching circles was Bill Belichick, but that didn’t seem to make any sense . His close friend Nick Saban had just walked away from college coaching frustrated, beaten down by a seismic shift in the sport in the wake of the transfer portal and NIL era. Advertisement Belichick is 72, a year younger than Saban, and he’d never spent a day working in the college ranks. And at North Carolina? The Tar Heels were really replacing one 70-plus year-old with another? The source of that text, of course, was right. GO DEEPER Mandel: North Carolina is going to regret hiring Bill Belichick Belichick to North Carolina still seemed far-fetched until last Sunday afternoon, when other college football and NFL sources said they heard it was trending in Belichick’s direction. On Monday, he went on “The Pat McAfee Show” and made his case (sort of) to any doubters (perhaps specifically to those in the North Carolina administration) of why this will work. On Wednesday, he was hired. But what about the NFL ? What about his attempts to break Don Shula’s all-time NFL wins record ? A source close to Belichick told me earlier this week: “He wants to coach football and he doesn’t think he’s gonna get hired anywhere (in the NFL).” That seemed wild, too, but here we are. There feels like there is some precedent for this move — Bill Walsh, Herm Edwards, Deion Sanders — but there isn’t. Belichick is one of the best NFL coaches of all time. But he has never coached college football before, and that definitely is reason to have some doubts, even if, on Tuesday at his introductory news conference , he said he “always wanted to coach” in the ranks. GO DEEPER Belichick introduced at UNC, says he 'always wanted to coach' in CFB He has spent considerable time around a college program recently, though. At Washington, where one of his proteges, former Patriots assistant Jedd Fisch, runs a model with much of it based on his decade-plus as an NFL coach. Fisch’s defensive coordinator is Steve Belichick, Bill’s son. The elder Belichick has been to a lot of the Huskies’ practices, sat in on coaches meetings and spent time around the team. He has seen how his defensive system is being run at the college level, and now has some proof that college players can make it work. Under Steve Belichick, Washington, despite having to replace nine of 11 starters from last year’s defense, ranks No. 27 in the nation in yards per play allowed — up from No. 79 last year. Advertisement But the elder Belichick has not been around for recruiting weekends or for official visits and a lot of the elements that are integral to what make up a modern college football program outside of the actual football. Saban, one of college football’s best coaches, used to work with Belichick on his staff when Belichick was the head man of the Cleveland Browns. Saban had been in the college coaching world before his time on the Browns, and he would return to it, coming as close to mastering it as anyone in the modern college football world has. The two coaches — 70-something, defensive minded guys — are lumped together for good reason because of their unprecedented success, but they are hardly interchangeable, even if both left the sidelines last winter to become TV stars talking about the game they know better than anyone. Both proved to be wizards getting the most out of their players. That model of developing young men into NFL players that Belichick spoke about earlier this week on McAfee’s show is something Saban created and carried out for over a decade in Tuscaloosa. It was often an uncompromising and unforgiving standard that he held players and his assistants to. GO DEEPER Bill Belichick's Day 1 to-do list: What a new college coach must consider Saban thrived at Alabama in spite of constant turnover on his coaching staff because he had a critical core group of staffers in support roles. That piece of it, I’ve been told by former players, has been one of the most significant but overlooked aspects of the Tide’s success. Saban practically collected sports psychologists and deep-thinkers to figure out the best ways to reach, keep and support young athletes. He also cultivated other staffers, like former Tide players, who could bridge the gap between the culture and mindset Saban had established and the culture and mindset of the 18- and 19-year-olds trying to acclimate to his program. Advertisement Saban, of course, left coaching, making his decision not long after he’d conducted some 40-plus exit interviews and came away disappointed and reeling by a lot of what he had heard from players: How can I get more money? What’s in it for me? That is the world Belichick is jumping into. Not the one that Saban came back to from the NFL in 2007. The one in 2024, with revenue sharing and a fluid transfer portal. Belichick is considered by his coaching colleagues as the brightest football mind of his generation, a brilliant teacher who just sees the game — in all phases — at a different level than everyone else, one NFL coach told me over text a few hours after the UNC news broke. People who have worked with him describe him as a guy who loves to develop players and is the best at fundamental football. Ohio State offensive coordinator Chip Kelly, a native New Englander who returned to college football from the NFL, became UCLA ’s head coach in the pre-NIL/portal era but ended up constantly trying to swim upstream in the transition. He tried to employ the model he told The Athletic that Belichick had won big with in New England. “When you talk to (Belichick), he values intelligence, character and toughness,” Kelly told me a few years back. “Those are the three big things that he’s always looking for in a player. He wants to be able to count on you every day, to think, ‘If he has a work ethic, and a toughness and is smart, this guy will fit for what we’re gonna do because it’s grind.’” Those are all important attributes and helped his teams go 25-13 in his last three seasons in Westwood, but without an NIL war chest or a frenetic recruiting machine staying in the chase after blue-chip talent, Kelly’s Bruins didn’t look anything like the teams he had at Oregon, where he went 46-7 from 2009-12. Advertisement Belichick protege Bill O’Brien has done well, both in his two-year stint taking over a reeling Penn State program a decade again, and now at Boston College , where the Eagles went 7-5 in his debut season, employing many of the principles he had learned under Belichick. He even hired Belichick’s long-time right-hand man Berj Najarian to be his chief of staff at Boston College. But those men aren’t Belichick. No one is. Kids will want to play for him, but how many and which ones? “The issue is he can stand there and say he’s won six Super Bowls,” said a Power 4 head coach. “That’ll work until they say, ‘Well, how much are you gonna pay me?’ Is he gonna give out his cell phone to 200 16-year-old recruits?” Belichick may have gotten used to dealing with agents and developed those relationships, but those were certified NFL agents. The reps of most college players are often not licensed but will be calling Belichick and his staff to say they’re acting on behalf of players. It might make him want to puke after hearing what some of those demands will be. An NFL defensive coach who had worked in the Patriots system wondered if younger recruits will care about who he is. “Selling them on the idea of preparing them for the NFL sounds good when they needed to get to the NFL to make money,” the coach said, “but now, the big names can make enough for a lifetime without even getting to the NFL.” The second coach, who has worked in college football, also wondered about how Belichick’s NFL organizational model will work at UNC of letting the coaches coach and the personnel staff just handle recruiting. “That sounds like a great idea, but they still have the 20-hour rule, right? So they still have that limitation.” The hardest part for NFL coaches adapting to the college calendar is that it’s more of a marathon than a sprint, even though the NFL season is much longer. The offseason for college football coaches is more demanding and time-intensive. As one former NFL coach who transitioned to life as a college staffer explained, “There’s not a big summer break like you get in the NFL, when coaches can truly unwind. Phone is off. ‘No one call me, I won’t call anyone, leave me alone.’ College isn’t as hard of a season (not even close) but it’s much more year-round.” Advertisement North Carolina stepped up to double its salary offer to Belichick from earlier in the week, going from $5 million to $10 million a year. That bodes well for the commitment UNC seems willing to make to compete on the financial side of things. He’s already hired a veteran NFL general manager in Mike Lombardi. I would expect his son Steve to join him in Chapel Hill and bring an assistant or two from Washington with him. It also wouldn’t be surprising if Joe Judge, who spent three seasons on Saban’s staff at Alabama before working for almost a decade under Belichick in New England, ends up in Chapel Hill. He’s now an analyst on Lane Kiffin’s Ole Miss staff. It will be fascinating to see who else Belichick hires. So will he be successful? I think first we need to define what success is there. The Tar Heels have finished in the Top 25 only two times since Mack Brown left for the first time in 1997. But they have had 10 seasons in that stretch where they won at least eight games. My hunch is that Belichick will get the Tar Heels back into the Top 25 within the first two seasons. The ACC ain’t the SEC. It’s no meat grinder, especially regarding talent. Belichick no doubt saw SMU come into the league in its first season and play for the conference championship and make it to the Playoff. The Mustangs’ average recruiting ranking over the past five classes was 70th. Also in the ACC: Manny Diaz led Duke to a 9-3 record in his first year. Fran Brown just got Syracuse to nine wins in his first season too. If you look at it from that standpoint, Belichick doesn’t even need to find his new Tom Brady to get the Tar Heels into the Playoff — he just needs to be better than the other guys at the small detail stuff and things he’s always been better than everyone else at. But I’d be stunned if Belichick stays for more than three years. Though his contract is for $50 million over five years , only the first three years are guaranteed (and his buyout to leave drops from $10 million to $1 million next June, according to the proposed deal released Thursday). I just think that the existence as a college football head coach now will ultimately drive him away. It’s like dog years — three years feels like 21. There’s just too much chaos, too much dysfunction, too many clowns he’ll have to deal with. At some point, Bill Belichick will realize, much like his old friend Nick Saban did, “I just don’t need all of this. Not at this age. Not after all I’ve accomplished.” Advertisement (Photo: Jared C. Tilton / Getty Images) More on Belichick’s unprecedented hire Why Bill Belichick abandoned hope of landing NFL job, pursuit of wins record Why is Bill Belichick heading to North Carolina? It’s all about control Has Bill Belichick closed the door on NFL victories record? There’s still time to evaluate"We have been working hard on our defensive shape and communication in training," Markus explained. "We know that we cannot afford any lapses in concentration against Paris, so every player will need to be switched on and alert throughout the game."In response to the initiative, the Chinese Foreign Ministry emphasized the commitment of China to upholding the principles of nuclear non-proliferation and disarmament. Spokesperson Zhang Liqun stated, "China stands ready to work with all relevant parties to enhance mutual trust, reduce risks, and promote the peaceful settlement of international disputes through dialogue and negotiation."
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Second Cup dumps Jewish General Hospital franchisee over video with ‘hateful remarks’
From a young age, Patrick has been in the spotlight due to his famous lineage. However, it is not merely his last name that sets him apart - Patrick's imposing height, chiseled jawline, and piercing blue eyes make him a standout in any crowd. Those who have had the pleasure of meeting him in person often comment on his radiant smile and approachable demeanor, adding to his already considerable appeal.Grimes is correcting the record on her breakup from Elon Musk . The singer—who is locked in a custody battle over son X Æ A-Xii , 4, daughter Exa Dark Sideræl , 3, and son Techno Mechanicus , 2, with the Tesla founder—refuted claims that Elon broke up with her, insisting instead that it was she who walked away from the relationship when they broke up for good in 2022. "I didn't 'get dumped,'" Grimes wrote on X Dec. 26. "I bounced. My amazing baby is asleep in my bed beside me, I'm in love. no regrets. Life is as beautiful as u want it to be." The singer's tweet was in response to a post from Azaelia Banks , in which she alluded to her 2018 feud with Grimes, saying that she is "still trying to hold out on some weird ass innocent bulls--t years later" because she endorsed a fan-made meme about a Wicked remake costarring the two recording artists. The "212" hitmaker went on to tell Grimes to "get over" herself and urged her to stop mentioning her online. "ur really a lame," Azaelia said. "U can really quit mentioning me. I know you wish you could be my bestie but b---h..... it's f--king boring as hell. Let it go." As for the accusations that she was trying to reignite a feud with Azaelia, Grimes was resolute that it wasn't that serious. "It's just a funny joke bro," she said in her tweet. "not trying to paint u as a villain." In fact, the "Genesis" singer said that she wished nothing but the best for Azaelia, despite their checkered history with one another. "Ur insanely talented," Grimes said. "even after all this, I want u to win. god bless Mlady." Keep reading for more on Elon's family tree. Maye Musk (Mom) Maye was born in Saskatchewan, Canada and emigrated with her parents to Pretoria, South Africa in 1950, when she was 7. She and Elon's father, Errol Musk , split in 1979. After Elon moved to Canada at age 17, Maye obtained Canadian citizenship by birthright and moved there too. There, she established a dietician practice and became President of the Consulting Dieticians of Canada. She also worked as a model. In 2019, after Elon sold his company Zip2 for more than $300 million, he bought his mom an apartment in New York City, where she lived for 13 years and continued her modeling career after being signed to the IMG Models agency. "I brought my children up like my parents brought us up when we were young: to be independent, kind, honest, considerate and polite," Maye wrote in an essay for CNBC. "I taught them the importance of working hard and doing good things." Errol Musk (Dad) Elon's father is an engineer and like Elon, was born in South Africa. Though Errol said in a 2015 Forbes interview that he used to often take his kids on trips overseas — "Their mother and I split up when they were quite young and the kids stayed with me. I took them all over the world."—his relationship with Elon isn't picture perfect. In an emotional 2017 Rolling Stone interview, Elon criticized his father and talked about his upbringing, saying that after his parents split, he moved in with his dad, which, he said, "was not a good idea." However, Errol told Rolling Stone , "I love my children and would readily do whatever for them." Following his divorce from Maye, Errol married Heide , whose daughter Jana Bezuidenhout was 4 years old at the time. Errol and Heide went on to have two daughters together before they, too, broke up. Years later, Jana reached out to Errol following a breakup of her own. "We were lonely, lost people," Errol explained in a 2018 interview with The Sunday Times . "One thing led to another—you can call it God's plan or nature's plan." Either way, the duo became romantic and welcomed son Elliott in 2017 and then a baby girl in 2019. As Errol put it to The Sun , "The only thing we are on Earth for is to reproduce. If I could have another child I would. I can't see any reason not to." Kimbal Musk & Tosca Musk (Siblings) Kimbal, born in 1972, is a restauranteur and the founder of The Kitchen, a collective of five restaurants that source directly from local farmers. He also runs a non-profit, Big-Green, that has built 200 learning gardens in schools across the U.S., the outlet said. Tosca, born in 1974, is a filmmaker. In 2017, she founded Passionflix, a female-focused streaming service that targets the billion-dollar romance novel industry. Justine Wilson (Ex-Wife) Elon and Canadian-born Justine, his college sweetheart from Queen's University in Ontario , married in 2000. In a 2010 article she penned for Marie Claire , titled I Was a Starter Wife: Inside America's Messiest Divorce , Justine said that while dancing at their wedding reception, Elon told her, "I am the alpha in this marriage." "I shrugged it off," Wilson wrote, "just as I would later shrug off signing the postnuptial agreement, but as time went on, I learned that he was serious." The two faced an unthinkable tragedy when their baby boy Nevada Alexander died at 10 weeks from Sudden Infant Death Syndrome (SIDS). "Nevada went down for a nap, placed on his back as always, and stopped breathing," Justine wrote in her article. The couple pursued IVF to conceive again and went on to welcome five more kids: Twins Vivian and Griffin and triplets Kai , Saxon and Damian . In 2008, Elon filed for divorce. Griffin, Kai, Damian & Saxon Musk (Sons) In 2022, Elon revealed he took Griffin and the triplets to meet Pope Francis . While he was honored to meet the head of the Catholic church, Elon added of his 'fit, "My suit is tragic." Vivian Jenna Wilson (Daughter) Also in 2022, Griffin's twin sister filed a petition to change her full name in accordance with her new gender identity, writing, "I no longer live with or wish to be related to my biological father in any way, shape or form." In July 2024, Elon spoke out about his daughter's transition. "I lost my son, essentially," he said in a Daily Wire interview with Jordan Peterson , adding that his child, who he referred to by her birth name, was "dead, killed by the woke mind virus." He also alleged that he was "tricked" into signing medical documents granting Vivian gender-affirming treatments. She disputed his comments. "He was not by any means tricked," she said in an NBC News . "He knew the full side effects." Talulah Riley (Ex-Wife) Elon and Talulah—who starred on HBO's Westworld— married in 2010. "It all happened very fast," she told CBS News . "We were engaged after, I think, two weeks of knowing each other." The two divorced in 2012, then remarried a year later before divorcing again in 2016. In June 2024, she wed Love Actually alum Thomas Brodie-Sangster . Amber Heard (Ex-Girlfriend) Elon and Amber went public with their romance in early 2017, a year after she filed for divorce from Johnny Depp and Elon ended his (second) marriage to Talulah. Though their relationship didn't last long . "I just broke up with my girlfriend," Elon told Rolling Stone at the time. " I was really in love , and it hurt bad...Well, she broke up with me more than I broke up with her, I think." Grimes (Ex-Girlfriend) Elon and the singer dated on-and-off for four years, starting in 2018. In September 2021, Elon told Page Six that he and Grimes "are, I'd say, probably semi-separated," adding, "It's mostly that my work at SpaceX and Tesla requires me to be primarily in Texas or traveling overseas and her work is primarily in LA. She's staying with me now and Baby X is in the adjacent room." However, in March 2022, she told Vanity Fair that they "live in separate houses" and are "best friends." She later tweeted, "Me and E have broken up *again* since the writing of this article haha, but he's my best friend and the love of my life, and my life and art are forever dedicated to The Mission now." When news broke in September 2023 that the couple share three children together, the "Crystal Ball" singer confirmed that, yes, their most recent addition Techno Mechanicus had joined son X Æ A-12 , 3, and daughter Exa Dark Sideræl . X Æ A-Xii Musk (Son) In 2020, Elon and Grimes welcomed their first child together, a son. They soon modified the spelling of his name in order to meet California's legal guidelines, which only permit letters from the English alphabet. Switching over to roman numerals, the parents agreed to spell his name, X Æ A-Xii. "X, the unknown variable," Grimes explained on Twitter . "Æ, my elven spelling of Ai (love &/or Artificial intelligence) A-12 = precursor to SR-17 (our favorite aircraft). No weapons, no defenses, just speed. Great in battle, but non-violent." Grimes continued, "A=Archangel, my favorite song" adding a rat and sword emoji. "Metal rat." Exa Dark Sideræl & Techno Mechanicus Musk (Kids) In her 2022 Vanity Fair interview, Grimes revealed she and Elon privately welcomed a baby girl via surrogacy. "Exa is a reference to the supercomputing term exaFLOPS (the ability to perform 1 quintillion floating-point operations per second)," she said. "Dark, meanwhile, is the unknown. People fear it but truly it's the absence of photons. Dark matter is the beautiful mystery of our universe.'" Sideræl—pronounced "sigh-deer-ee-el"—is, according to mom, "the true time of the universe, star time, deep space time, not our relative earth time," and a nod to her favorite Lord of the Rings character, Galadriel, who "chooses to abdicate the ring." Walter Isaacson revealed in his biography Elon Musk that Exa was born in December 2021 via surrogate. The book also stated that around Father's Day 2022, the on-again, off-again couple welcomed a child named Techno Mechanicus , nicknamed Tau , also via surrogate. The biography includes a photo, dated June 2022, of Elon feeding the baby boy. Strider & Azure (Kids) In 2022, Business Insider published court documents that stated Elon welcomed twins in November 2021 with Neuralink executive Shivon Zilis . The babies were born in Austin, Texas, where he lives. He also seemingly weighed in on the report on X , writing, "Doing my best to help the underpopulation crisis. A collapsing birth rate is the biggest danger civilization faces by far." "Mark my words," he added, "they are sadly true." Walter Isaacson wrote in his 2023 biography Elon Musk that the twins' full names are Strider Sekhar Sirius and Azure Astra Alice . Baby No. 12 In 2024, Elon and Zilis welcomed their third baby together. The billionaire confirmed the news in June 2024, telling Page Six , "All our friends and family know," adding, "Failure to issue a press release, which would be bizarre, does not mean 'secret.'"
Indian-origin founder of ChatGPT rival has this advice for startup foundersAuthor's Tranquility Press Announces: Echoes of the Past by Maya Mitra Das 12-12-2024 09:46 PM CET | Associations & Organizations Press release from: ABNewswire A Timeless Tale of Creativity, Connection, and the Endless Flow of Passion Maya Mitra Das invites readers on a mesmerizing journey through centuries, artfully weaving together the lives of two extraordinary men whose creativity transcends time in Echoes of the Past. [ https://www.amazon.com/Echoes-Past-Maya-Mitra-Das/dp/1965075894/ref=monarch_sidesheet_image ] This novel explores the indelible connection between passion and purpose, illustrating how the human spirit finds expression through dedication to one's craft. In 15th-century Florence, Niccolo Bardi is a celebrated sculptor whose life and work embody the belief that creativity flows like an endless river, shaping everything it touches. Niccolo's devotion to his art is fueled by his philosophy: every creation, like life itself, can be made unique and alive through the touch of an inspired soul. Through his magical hands, he sculpts more than just marble - he shapes meaning and emotion, igniting the fire of the human spirit. Centuries later, in 20th-century Newcastle-upon-Tyne, England, Rudy - a distinguished neurosurgeon - finds himself drawn to Niccolo's story. Having left his homeland of India to carve a new path, Rudy discovers a kindred spirit in the sculptor's legacy. The passion Niccolo poured into his sculpture's mirrors Rudy's own dedication to medicine. Inspired by Niccolo's philosophy that creativity knows no boundaries, Rudy begins to see how the same force that animates art also drives the healing hands of a surgeon. Echoes of the Past is more than a novel - it is a tribute to the enduring power of creativity and connection. Through two lives separated by centuries, Maya Mitra Das explores the universality of passion and the timeless truths that link us all. About the Author Maya Mitra Das is a celebrated writer whose work explores the interplay between time, memory, and the human experience. Known for her evocative storytelling and intricate character studies, Maya crafts narratives that resonate across cultures and epochs. Echoes of the Past is a testament to her ability to blend historical fiction with timeless philosophical truths, leaving readers inspired and enthralled. Available Now on Amazon: Echoes of the Past [ https://www.amazon.com/Echoes-Past-Maya-Mitra-Das/dp/1965075894/ref=monarch_sidesheet_image ] by Maya Mitra Das [ https://www.amazon.com/Echoes-Past-Das-Maya-Mitra/dp/1965075005 ] Embark on a journey that transcends time and space, and discover the creativity that binds us all. About Author's Tranquility Press Author's Tranquility Press is a top publicity agency known for delivering innovative solutions designed to help writers across genres to reach a wider audience. The company combines the use of the latest technologies and the expertise and diverse experience of the team to provide quality, relatable content to as many people as possible, irrespective of their location across the globe. Media Contact Company Name: Author's Tranquility Press Contact Person: Louela Sanders - Marketing Fulfillment Associate Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=authors-tranquility-press-announces-echoes-of-the-past-by-maya-mitra-das ] Phone: (866) 411-8655 Address:3900 N Commerce Dr. Suite 300 #1255 City: Atlanta State: GA, 30344 Country: United States Website: http://www.authorstranquilitypress.com This release was published on openPR.
After a Thursday collapse, Indian equity markets rebounded strongly on Friday helped by buying trends across sectors with IT and bank heavyweights throwing their weights around. Individually Reliance Industries (RIL) was the single biggest contributor to their surge. While the S&P BSE Sensex settled at 79,117.11, up by 1961.32 points or 2.54%, the broader Nifty closed at 23,907.25, higher by 557.35 points or 2.39%. Here's how analysts read the market pulse: Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty is back to its 200-DMA after a strong Friday recovery, indicating an improving trend. Additionally, the 50-stock index has broken out of a few days of congestion on the daily timeframe, he said. "The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600,” De said. US markets Wall Street closed higher on Friday, with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy. A measure of business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump's administration next year. 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The pan-European STOXX 600 was up 0.6% as of 0915 GMT and was set for its second day of gains. Tech View Decoding the technical charts, Jatin Gedia, Technical Research Analyst at Sharekhan said that Nifty opened gap up today and witnessed a short covering rally. "It surpassed the high of the last five trading sessions and closed with gains of 557 points. On the daily charts we can observe that the Nifty surpassed the previous swing high of 23,780 and thereby reversing its short-term trend," Gedia said. On the upside he expects the Nifty to retrace towards 24,400 with potential to extend towards 24,730 while on the downside, 23,630 – 23,560 should act as a crucial support zone and only a dip below these levels will make the structure weak. Most active stocks in terms of turnover Protean eGoV Technologies (Rs 460.27 crore), Adani Green Energy (Rs 263.12 crore), Adani Enterprises (Rs 254.34 crore), Adani Power (Rs 193.80 crore), Power Grid (Rs 182.67 crore), Adani Ports (Rs 176.14 crore) Paytm (Rs 152.02 crore), Reliance Industries (Rs 131.50 crore) and SBI (Rs 124.03 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day. Most active stocks in volume terms Vodafone Idea (Traded shares: 7.25 crore), Srestha Finvest (Traded shares: 3.16 crore), Suzlon Energy (Traded shares: 1.58 crore), GTL Infra (Traded shares: 86.26 lakh), SpiceJet (Traded shares: 60.73 lakh), Yes Bank (Traded shares: 54.99 lakh) and Power Grid (Traded shares: 54.93 crore) were among the most actively traded stocks in volume terms on BSE. Stocks showing buying interest Shares of SBI, Bajaj Finance, Raymond, Praj Industries, Swan Energy, EaseMyTrip, MRPL and Sobha were among the stocks that witnessed strong buying interest from market participants. 52 Week high Over 163 stocks hit their 52-week highs today while 107 stocks slipped to their 52-week lows. Among the ones that hit their 52 week highs included Coforge, Coromandel International, CRISIL, Fortis Healthcare, HCL Technologies, Mastek, National Aluminium Company and Finance Company and Persistent Systems. Stocks seeing selling pressure Among the largecap names was Bajaj Auto. Other stocks that witnessed significant selling pressure were Adani Energy Solutions, Adani Green Energy, Network18 Media, Torrent Power, and Honasa Consumer (Mamaearth). Sentiment meter favours bears Action in heavyweights like Reliance Industries (RIL), Infosys and SBI helped markets shoot up amid buying trends across sectors. The market sentiments were bullish. Out of the 4,041 stocks that traded on the BSE on Friday, 1,539 stocks witnessed declines, 2,396 saw advances while 106 stocks remained unchanged. Also Read: ACC, Adani Enterprises among 6 Adani Group stocks where FIIs cut stakes in CY2024 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )