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Stock Market Today: Sensex Roars Back After Early Losses With 316-Point Gain, Nifty Tops 25,300 As Crude Oil Prices Cool

· Free Press Journal

Mumbai: Indian stock markets staged a recovery on Thursday, November 12, as the Sensex and Nifty reversed early losses and moved into positive territory. Falling crude oil prices and sustained buying by foreign institutional investors (FIIs) supported investor sentiment.

The BSE Sensex touched an intraday high of 82,057.39, gaining around 316 points or 0.38%. Meanwhile, the NSE Nifty 50 climbed 86 points or 0.34% to 25,342 during morning trading. Both benchmark indices had opened lower amid cautious sentiment across Asian markets.

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Sensex Hits Nine-Month High, Here's What Really Fuelled Dalal Street’s 773-Point Rally?

Crude Oil Prices Fall

Declining international crude oil prices provided relief to domestic equities, particularly as India depends heavily on imported energy. Brent crude dropped more than 1% to $91.51 per barrel, while US West Texas Intermediate (WTI) crude slipped nearly 1% to $85.41. Lower oil prices could ease inflationary pressures and reduce India's import costs.

FII Buying Supports Rally

Foreign institutional investors have emerged as major buyers in Indian equities, investing ₹65,735 crore so far in November. According to market experts, the Nifty has gained 9.55% across seven trading sessions, largely supported by aggressive foreign investment. Interestingly, institutional investment patterns have reversed, with FIIs turning buyers while domestic institutional investors (DIIs) continue booking profits.

Sectoral Performance Mixed

Despite gains in benchmark indices, sectoral performance remained uneven. Nifty IT declined more than 1%, while Auto and Healthcare indices also faced selling pressure. However, Nifty PSU Bank advanced 0.23%, Media gained 0.20% and Consumer Durables rose 0.14%.

Sensex Surges 1,350 Points, Nifty Tops 25,400 To Hit Eight-Month Highs

Inflation Data In Focus

Investors are awaiting India's October Consumer Price Index (CPI) inflation figures, scheduled for release later on Thursday. The inflation reading could influence expectations surrounding the Reserve Bank of India's future interest rate decisions.

Meanwhile, Asian markets traded mixed amid technology-sector volatility, while Wall Street closed higher overnight as concerns surrounding artificial intelligence spending eased.

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Nature and civilization collide once again as lost black bear sprints across South Florida street

· Fox News

It's been quite a wild last few weeks for the citizens of suburban South Florida... literally!

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Last week, I wrote about the floods all along the Atlantic coast of the Sunshine State contributing to a shark (or tarpon) sighting on the wet and wild streets of Fort Pierce.

Now, on the west coast of Florida, a video has emerged of an animal challenging motorists that feels more at home on an inland road than a scaly sea monster.

Folks in the Gulf coast city of Naples, FL, got quite a show this weekend when a black bear, seemingly lost on his way back to the woods, darted across a busy access road that runs adjacent to Interstate 75.

The footage shows a clearly confused black bear running around a busy street in a fairly densely populated area.

WATCH: YOUNG BEAR TAKES ROUGH TUMBLE FROM DENVER TREE AFTER WILDLIFE OFFICERS TRANQUILIZE IT

Naples has a reputation as a retirement town, but the metropolitan area that it sits in is home to about 400,000 people, so this isn't exactly a backwater part of the country where the citizens and wildlife coexist as one.

Another thing I can tell you having been to the area several times is that large sections of I-75 butt right up against the Florida Everglades, so there is a good chance this poor little guy wandered a little too far from home and ended up playing real-life "Frogger."

BLACK BEARS INVADE LAKE TAHOE HOMES AS BREAK-INS SURGE AND LOCALS FORTIFY DEFENSES

As more and more people flock to the Sunshine State from other states and countries, the cities keep developing further and further inland, and in the southern part of the state, that means developing on top of the Everglades.

The more this happens, the more we will see videos of our friend here running scared through the streets of the suburbs, which could be dangerous for both the bears and the human population.

Here's hoping Mr. Ursus Americanus Floridanus made it back to the 'Glades in one piece and that no one was seriously injured.

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Ford Veterans Day Classic at Daytona is a hit. Will it return? If so, where?

· Yahoo Sports

Yes, we can call it the “inaugural” Veterans Day Classic at Daytona.

We’ll eventually see the TV numbers from USA Network’s Wednesday night coverage. But the eyeball test suggests a hit for the Ford Motor Company, its Ford Racing division, and the combo of NASCAR and Daytona International Speedway.

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“We love throwing races. We love throwing big events. We love partnering with friends like Ford,” Speedway President Frank Kelleher said Wednesday night while mixing in the thick FanZone crowd. 

Logistics can be, you know, logistical, and sometimes timing and schedules are a challenge, but Veterans Day appears to fall in a unique place on the calendar — right after the NASCAR season, just before the holidays start dominating the scene. Thankfully, Veterans Day isn’t going anywhere, and my guess is Ford will always have cars to sell, so maybe this becomes a yearly thing.

“I would love it,” Kelleher said. “We know how to execute high-level music acts. Music and racing are definitely in our DNA.”

Except he then tossed in a wrinkle worth noting.

“We will be excited to chat with Ford and everyone involved in the weeks to come and see if it makes sense to bring it back, whether it be here at Daytona International Speedway or perhaps at another speedway.”

Will Veterans Day Classic return? Probably. But where?

… Or perhaps at another Speedway. That seems like a logical move. However, and back to logistics, Wednesday’s event had the advantage of blending into an existing Daytona race week — Historic Sportscar Racing’s 12th annual Daytona Classic 24, which started Wednesday and runs through Sunday.

The track’s race operations were already in place, which brings a nice advantage. 

Given the HSR presence, the garage area was wall-to-wall with a wide variety of yesterday’s racing machinery, including cars that previously ran here in both stock-car and sportscar races.

For anyone who walked the grounds and saw the recent racing equipment and virtual museum pieces, there was contrast, since one of two threads running through it all was promotion of Ford’s new Mustang Dark Horse. 

The NASCAR version of the new Mustang was unveiled Wednesday afternoon at the museum outside Turn 4. The road-racing version was center stage for the 30-minute race on Daytona’s Rolex 24 road course. 

The other thread, of course, was Veterans Day. The Speedway and NASCAR have always leaned heavily toward the promotion of our nation’s military and its veterans. Usually, it’s part of the show. Wednesday, that theme blanketed the entire evening of loud music and louder machines. 

And you’d have a hard time finding anything other than a thumbs-up from those who joined the festivities.

Email Ken Willis at [email protected]

This article originally appeared on The Daytona Beach News-Journal: Ford Veterans Day Classic at Daytona is a hit. Will it return? If so, where?

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