Business News
Facebook down worldwide, users left in dark
Facebook users were left frustrated on Thursday morning as the platform’s website stopped working. The issue, which started at 7:36 AM, affected thousands globally, preventing them from accessing their feeds or logging in. According to DownDetector, reports surged to over 18,000 by Wednesday evening. Many encountered an error message stating, "Sorry, something went wrong. We're working on getting this fixed as soon as we can."Despite the website outage, Facebook’s mobile app appeared to be functioning as usual, allowing users to browse and interact without issues.Users Flock to X to Confirm OutageConfused and unable to access Facebook, many users turned to X (formerly Twitter) to check if others were facing the same problem. Screenshots of the error message flooded the platform as speculation about the cause of the outage spread.Messaging on Facebook and Instagram HitIt wasn’t just Facebook’s website that faced issues. Many users reported that Facebook Messenger and Instagram messaging services were also down. For around an hour on Wednesday midday, sending messages became impossible. However, other Instagram functions, such as browsing and posting, appeared to work normally.Meta Stays Silent as Services Slowly ResumeMeta has yet to issue a formal statement on the disruption. However, reports of outages began declining about 30 minutes after their peak at 1 PM EST, suggesting that services were gradually being restored.This is not the first time Facebook and its associated platforms have suffered technical difficulties. Past outages have sparked frustration among users, often leading them to vent their concerns on rival social media sites. While Thursday’s disruption was relatively short-lived, it highlights the platform’s heavy reliance on stable connectivity for communication and business activities worldwide.
Categories: Business News
Stocks to buy: M&M, Federal Bank and Pfizer India on investors' radar
Benchmark BSE Sensex recovered 147 points in a range-bound trade on Tuesday, ending its five-day slide on the back of buying in financial and FMCG shares. However, Nifty ended flat.Stocks that were in focus include names like M&M, which spiked 2% and Federal Bank, which declined 1.7% and Pfizer India, whose shares dropped 1.2% on Tuesday.Here's what Viral Chheda, Sr Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.M&MFor the past 6 months we have stock to move in the range of 2600-3300. After making an all time high around 3270 price has given some correction to test the previous lower level of 2600 and in the past few days given some pull back to trade around 2800 odd levels. On the lower side 2600 is acting as a strong support and we have multiple times stock has given rebound from that level.If this level is breached then further dip can be seen till 2400-2200 odd levels. Currently we don’t think the level will break and looks like it can again test 3300 on the higher side. Once this level is taken out we can see a sharp upside move of 400-500 points. Long term stock looks good and can be bought at every dip.The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here. Hence one can buy at current level and more at dips of 2650 with stop loss of 2550 on weekly closing basis and upside can be seen till 3100-3300 in the coming 10-12 months.Federal BankAfter making an all time high around 217 in Dec 2024, stock has witnessed a Bear Run to make the low of 177 odd levels. Price has given almost 19% downside move from its higher level of 217 odd levels as bears were having upper hand over price.The price is currently moving in the range of 175-190, breakout from this range will give further 30-40 points movement. Currently the stock is making a Lower Top Lower Bottom Pattern and once it goes above 190 we can see the start of an upward trend. For the long term stock looks good and can be bought at every dip.The Stochastics Oscillator is moving in a downward zone along with an increase in volume indicating further sideways move with limited downside risk. Hence one can buy at dips of 175 and further more at dips of 160 with stop loss of 140 on weekly closing basis and upside can be seen till 225-280 in the coming 10-12 months.Pfizer IndiaAfter making an all time high around 6450 in September 2024 price has given a sharp correction to make the low of 4010 odd levels. Price has given almost 38% downside move from its higher level of 6450 odd levels. At the lower level stock has taken the support of previous lows of 4050 and gave some pull back to make the high around 4500 odd levels.The price is currently moving in the range of 4050-4500 and once the high or low is taken out we can see further 400-500 points move. For the Long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here.Hence one can buy at current level and more at dips of 4050 with stop loss of 3800 on weekly closing basis and upside can be seen till 4600-5000 in the coming 10-12 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News
India-Myanmar bond over food festival
Categories: Business News
Stocks above and below 200-DMA in Nifty 500 index
In the Nifty 500 index, 427 stocks are trading below their 200-DMA (day moving average), while 68 are above it. The 200-DMA is an indicator that shows the long-term trend of a stock or an index. When a stock or an index is below the 200 DMA, it’s in a long-term downtrend. 118589715
Categories: Business News
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