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Market Outlook: Technical Call of The Day & Top 5 Stocks In Focus For October 3

Nifty index opened on a flattish note around the 24,620 zone, but the bulls took charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles of 24,750-24,800, eventually forming a large bullish candle on the daily chart.

This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an upward move towards 25,000, then 25,100 zones. On the downside, support is shifting higher to 24,750, then 24,600 levels.

**Option Front**
Maximum Call Open Interest (OI) is seen at 25,000 followed by 24,900 strike, while Maximum Put OI is at 24,600 and 24,700 strike. Call writing is observed at 24,950 and 25,000 strikes, whereas Put writing is seen at 24,700 and 24,600 strikes. Option data suggests a broader trading range between 24,300 and 25,300 zones, with an immediate range between 24,600 and 25,100 levels.

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S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls awakened early and seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.

The index comfortably crossed and sustained above critical hurdles of 80,500 and 81,000, eventually forming a large bullish candle on the daily chart. This rebound negated the recent sequence of lower highs and lower lows, with Sensex closing robustly, up nearly 700 points.

Going forward, it must hold above the 80,600 zone to target 81,200 and then 81,500 levels. Support is shifting higher at 80,600 and 80,300 levels on the downside.

—

Bank Nifty opened on a flattish note but witnessed strong buying momentum following the RBI monetary policy outcome. The index extended momentum toward the 55,400 zone later in the session. It formed a large bullish candle on the daily scale, driven by strong buying across private banks, and closed with decent gains of around 700 points near 55,350.

The rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is outperforming the broader market. It needs to hold above the 55,000 zone for an upward move toward 55,750 and then 56,000, with support seen at 55,000 and 54,750 levels on the downside.

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**Nifty Futures**
Nifty futures closed positive with gains of 0.83% at 24,982 levels. Stocks showing a positive setup include Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC. On the other hand, weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.

—

### SWSOLAR – Technical Call of the Day

SWSOLAR has been trading sideways since early August but witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line in the chart.

In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts. This reflects a strong bounce back from oversold zones. With a healthy order book, the risk-reward setup looks favorable for SWSOLAR.

**Trade Setup:**
**BUY** SWSOLAR
Current Market Price (CMP): 244.95
Stop Loss (SL): 223.25
Target (TGT): 270.70

—

### Top 5 Stocks to Watch Out For – 3rd Oct 2025

**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar. The property features 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing expands the company’s leisure portfolio in Uttarakhand, where they currently have 8 operational and 9 upcoming properties.

**KRBL:**
KRBL emerged as the successful bidder in the e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for the sale of immovable properties situated in Panipat, Haryana. The total reserve price was Rs 104 crore, but KRBL made a final bid of Rs 402 crore. The acquisition aims to set up a plant, carry out warehousing and allied activities, or partially monetize the land.

**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary, Sentynl Therapeutics, Inc., announced that the USFDA has issued a Complete Response Letter (CRL) regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL relates mainly to clarification on the CGMP inspection of Zydus’ manufacturing site. Zydus has submitted compliance responses and is awaiting the inspection report, with plans to meet the USFDA for resubmission discussions. Importantly, no safety or efficacy concerns were raised for the drug.

**Unimech Aerospace:**
The company shared its Q2FY26 business update, reporting a revenue slowdown with Q2 expected to be marginally lower than Q1. The decline is primarily due to U.S. tariffs impacting export realizations. Customers are delaying order pick-ups while monitoring the tariff situation, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.

**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, aligning with estimates. Exports hit a record 42,204 units, up 52% YoY, although domestic sales declined by 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri and daily bookings up 50% following recent price cuts. Exports in H1FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.

—

*Images referenced in the original report are available in the file archive.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3

Tata Motors speeds past Hyundai, M&M to 2nd spot in PV race, extends lead over JSW MG in EV registrations

Tata Motors secured the second spot in India’s passenger vehicle market in September, marking a significant milestone for the company. This achievement came as Tata Motors surpassed both Hyundai and Mahindra in vehicle registrations during the month.

The rise in Tata Motors’ market position was primarily driven by strong sales in the SUV and electric vehicle (EV) segments. Notably, the company also expanded its lead over JSW MG Motor in the rapidly growing EV market, further solidifying its foothold in this space.

Meanwhile, Maruti Suzuki continued to maintain its dominance as the market leader in passenger vehicles. The overall demand for electric vehicles saw an upward trend, with EV registrations increasing across the board in September.

These developments highlight the dynamic shifts in India’s automotive landscape, with Tata Motors emerging as a formidable player in both conventional and electric vehicle categories.
https://cfo.economictimes.indiatimes.com/news/strategy-operations/tata-motors-speeds-past-hyundai-mm-to-2nd-spot-in-pv-race-extends-lead-over-jsw-mg-in-ev-registrations/124268377

‘Deep concern’ after 2,800 untracked parcels containing knives sent by company to UK

The scale of a shocking problem involving the unregulated sale and delivery of knives and machetes in the UK has only recently come to light following the Southport attack.

Around 2,800 unregistered and untracked parcels containing knives and machetes were sent into the UK by one company—Hunting & Knives. This online retailer, based in Spain but trading in the UK, specialised in bladed items. To ship products into the British Isles, Hunting & Knives relied on SJ Henderson, a fulfilment company based in Northern Ireland.

Under UK law, Hunting & Knives was responsible for ensuring that all products containing knives underwent age-verified delivery. However, the ongoing Southport Inquiry has revealed that the company, run by Juan Martinez, believed it was the fulfilment company’s role to ensure products were properly labelled and that identification was checked on delivery.

The inquiry further heard that SJ Henderson was not even aware of the nature of the products it was shipping to the UK. After leaving SJ Henderson, parcels passed through a chain including the “middleman” company Whistl and delivery company Evri. Both Whistl and Evri stated they were not notified about the packet contents; notably, Evri does not offer an age-verified delivery service.

As a result, 2,811 packages were sent by Hunting & Knives and delivered into the UK, “99.9% of which were bladed items.” All should have been subject to age verification—yet none were.

Lead counsel Nicholas Moss KC told proceedings at Liverpool Town Hall:
*“The inquiry cannot know how many of those more than 2,500 knives may have ended up in the hands of children.”*

The true scale of the issue was only exposed after Southport killer Axel Rudakubana successfully placed an order for a kukri Congo machete with a 30.5cm blade. The item was delivered to his home address in Banks, Lancashire, in October 2023.

The weapon was discovered in a black holdall in Rudakubana’s bedroom during a police search following the attack on July 29, 2023. On that day, Rudakubana targeted women and girls at a Taylor Swift-themed dance party at the Hart Space in Southport.

Rudakubana, referred to as AR in court proceedings, murdered three young girls—Elsie Dot Stancombe (7), Bebe King (6), and Alice da Silva Aguiar (9)—and injured 10 others.

Giving evidence on Wednesday, Stephen Henderson, CEO of SJ Henderson Fulfilment, said he was unaware Ageo Wholesale—the parent company of Hunting & Knives—was using his firm to ship blades. He acknowledged missed opportunities to obtain this information and expressed shock upon discovering an email stating Hunting & Knives “specialised in knives.”

“My honest understanding was that there was nothing to be cautious about due to the contract we held with them,” Mr. Henderson told the inquiry.

When asked by Mr. Moss if he fell short of his responsibilities, Mr. Henderson replied:
*“Looking back, I would say I fell somewhat short.”*

On whether he found it “very worrying” that the parcels, which should have been labelled “18-plus only”, were delivered without age verification, Henderson responded:
*“Absolutely, and it’s why I’m here today.”*

The inquiry also heard that Mr. Henderson’s company had a contract with logistics firm Whistl, which in turn contracted Evri to carry out the final delivery stage. Nigel Polglass, Chief Operating Officer for Whistl, described it as “deeply concerning” that more than 2,500 bladed items had been dispatched this way.

Mr. Polglass revealed that Whistl’s contract was with Ruach Music, another company owned by Mr. Henderson. He added that Whistl had believed it was handling “items linked to guitars.” When asked who was responsible for ensuring the appropriateness of the dispatched goods, Mr. Polglass pointed to Ruach Music.

Mr. Henderson confirmed that Whistl was aware he was also using them for his fulfilment company.

Christopher Ashworth, Chief Customer Officer of Evri, stated that the courier did not offer age-verified delivery services and was “wholly unaware” that the packages it delivered contained bladed items.

Mr. Henderson said he had terminated his contract with Hunting & Knives after Irish customs intercepted a consignment containing knives, machetes, and a pepperbox revolver—which Mr. Martinez said was a replica.

The inquiry heard that before carrying out the attack, Rudakubana, now 19, amassed an arsenal of weapons including knives, bows and arrows, and castor beans with the intention of making the deadly poison ricin. He also ordered two other machetes that were sent with age-verified delivery but were intercepted by his father, Alphonse.

Rudakubana was jailed for life with a minimum term of 52 years in January at Liverpool Crown Court after admitting the “sadistic” murders and attempted murders.

Inquiry chair Sir Adrian Fulford said:
*“What occurred on that day has made it critically necessary, moreover, to identify all the changes that need to be implemented in order to ensure, as best as our society is able, that there is no repetition.”*

The first phase of the inquiry is expected to run until November and continues to uncover the full extent of failures that allowed these dangerous weapons to reach the public unchecked.
https://www.liverpoolecho.co.uk/news/liverpool-news/deep-concern-after-2800-untracked-32591959

GSIS offers emergency loan program to Cebu quake-hit members

GSIS to Extend Emergency Loans to Cebu Quake-Hit Members and Pensioners

The Government Service Insurance System (GSIS) has announced that it will provide emergency loans to its members and pensioners affected by the recent earthquake in Cebu.

This initiative aims to offer immediate financial assistance to those impacted by the disaster, helping them recover and rebuild their lives. Eligible GSIS members and pensioners can apply for the emergency loans to address their urgent needs.

The GSIS encourages affected individuals to reach out to their nearest branch or visit the GSIS website for more information on the application process and loan terms.

Through this support, GSIS reaffirms its commitment to the welfare of its members and pensioners during times of crisis.
https://www.gmanetwork.com/news/topstories/regions/961016/gsis-offers-emergency-loan-program-to-cebu-quake-hit-members/story/

EXCLUSIVE: How Prince Harry Was Blocked From Getting His ‘Dream’ Tattoo — After He Was Spotted at Inker’s Parlor in New York

**Prince Harry Nearly Got His “Dream” Tattoo During Wild Las Vegas Trip: A Story Resurfaced Amid Recent Tattoo Stunt**

*Published Oct. 1, 2025, 7:40 p.m. ET*

Prince Harry, 41, once came close to getting his “dream” tattoo during a notorious 2012 trip to Las Vegas — a story now resurfacing after he was recently seen participating in a tattoo stunt at a New York parlor.

In his memoir *Spare*, Harry recounted how, during that wild trip to Nevada, he was determined to commemorate the holiday with body ink. Fueled by alcohol and the thrill of freedom, he chose to get a map of Botswana tattooed on the sole of his foot.

### A Tattoo Plan Born in Sin City

However, Harry’s friends intervened, insisting that no prince should wake up with a permanent reminder of a night out in Sin City. A source close to the duke revealed, “Harry genuinely wanted the tattoo — to him, it symbolized both his connection to Botswana and living in the moment. His friends, though, saw it as a bad idea and stepped in, convinced he’d regret it later.”

### Friends Put Their Foot Down

In *Spare*, Harry explained his tattoo placement debate: the shoulder was too visible, the lower back too provocative, but the sole of his foot seemed perfect.

“Layers upon layers of symbolism,” he wrote, recalling how he wandered down the Las Vegas Strip searching for a tattoo parlor with an atlas of Africa. His friends, however, had other ideas. “Absolutely not,” they told him.

Harry recalled their threats to “hold me down, knock me out, whatever it took” to stop him from going through with it. Ultimately, he abandoned the plan and joined his entourage at a nightclub, admitting to sulking over the missed tattoo.

### Ink Fascination Resurfaces in New York

More than a decade later, Harry’s fascination with tattoos hasn’t faded. Last year, he was spotted entering East Side Ink in Manhattan alongside American country star Jelly Roll, sparking rumors that he had finally decided to get inked.

It was later revealed the scene was staged as part of a promotional sketch for the Invictus Games Vancouver Whistler 2025. In the short film, Jelly Roll jokingly inks Harry, who pretends to be getting his first tattoo.

The prank showcased the royal exile’s playful side but also revived memories of that Vegas trip. An insider said, “The stunt brought back memories of Harry’s long-standing curiosity about tattoos. Even though it wasn’t real, it reminded people of that night in Las Vegas when he nearly went through with it.”

### A Dream Deferred, Not Forgotten

Harry’s 2012 weekend in Nevada is remembered more for scandalous photos leaked from a game of strip billiards than for his unfulfilled tattoo dream. Yet, his memoir highlighted how seriously he considered the tattoo at the time, viewing it as a symbol of his independence.

Though he never followed through with the Botswana design, Harry admitted the idea lingered. “The tattoo could wait till the next day,” he recalled in *Spare* — though that day has not come… yet.
https://radaronline.com/p/prince-harry-blocked-dream-tattoo-new-york-parlor/

SK Hynix shares hit multidecade highs, Samsung also surges as chipmakers partner with OpenAI

Shares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the two companies partnered with artificial intelligence major OpenAI as part of the U.S. firm’s Stargate initiative.

Shares of Samsung hit their highest levels since January 2021, rising over 4%, while SK Hynix stock surged more than 9% to reach its highest since 2000.

OpenAI said in a statement that this partnership will “focus on increasing the supply of advanced memory chips essential for next-generation AI and expanding data center capacity in Korea.” The ChatGPT-maker added that the two chipmakers plan to scale up production of advanced memory chips, which are critical to powering its AI models.

The announcement came as OpenAI CEO Sam Altman met with South Korean President Lee Jae Myung in Seoul, along with top leaders from Samsung and SK Hynix.

Earlier this month, SK Hynix announced that it was ready to mass-produce its next-generation high-bandwidth memory (HBM) chips, cementing its leading position in the AI value chain. HBM is a type of memory used in chipsets for artificial intelligence computing, including those from global AI giant Nvidia, a major client of SK Hynix.

HBM4 chips are expected to be the primary AI memory chips needed for Nvidia’s next-generation Rubin architecture—a more powerful AI chip designed for global data centers.

SK Hynix has been a main chip supplier to Nvidia, while rival Samsung has reportedly been working to get its HBM4 chips certified by Nvidia.

This is breaking news; please check back for updates.
https://www.cnbc.com/2025/10/02/sk-hynix-samsung-shares-openai-stargate-korea.html

EXCLUSIVE: Why Meghan Markle ‘Hurled Cup of Tea in the Air’ Amid her ‘Miserable’ Existence in Royal Family

**Meghan Markle’s 2018 Australia Tour: Behind the Smiles, Tensions Sparked a Dramatic Outburst**

*Published Oct. 1, 2025, 7:55 p.m. ET*

Meghan Markle’s celebrated 2018 tour of Australia with Prince Harry was widely hailed as a public triumph. However, RadarOnline.com now reveals that behind the smiling photographs, tensions with aides left the Duchess of Sussex so “miserable” that it sparked a dramatic outburst—ending with her hurling a cup of tea into the air.

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The Duke and Duchess of Sussex, then newly married and expecting their first child, captivated crowds in Sydney and beyond. Harry, 34 at the time, expressed how “humbled and inspired” he was by competitors at the Invictus Games, while Meghan, then 37, praised the “unshakable bond” and camaraderie among service personnel.

### Public Triumph, Private Strain

Their first major overseas tour seemed flawless to the public and press, who dubbed it “Meghan-mania.” But sources close to the Sussex household describe a very different atmosphere behind the scenes. One insider revealed, “From the outside it looked perfect, but behind the scenes things were tense. Markle was unhappy, Harry was fixated on negative comments online, and the staff were stuck in between.”

Frustrations eventually boiled over. Markle allegedly flung a cup of tea into the air in what one source described as “a small but dramatic act of rebellion.”

### Clashes With Palace Aides

Royal author Tom Bower, in his book *Revenge*, noted that while glowing photographs of the couple dominated headlines, reality inside their team was marked by unhappiness. Meghan had brought close friends Jessica and Ben Mulroney from Canada as her support network, reportedly creating friction with Palace aides assigned to the couple.

Aides described Markle as “abrasive” toward staff and diplomats, recalling the moment she threw a cup of tea during a heated exchange. Another insider explained, “She was dealing with huge pressure and wanted the kind of press handling she was used to in Hollywood. When that wasn’t delivered, her frustration showed.”

### Harry’s Late-Night Obsessions

The strain intensified due to relentless media coverage. According to Bower, Harry scoured social media late at night for criticism, fueling their anxieties. Markle’s anger deepened when stories about her father, Thomas Markle, resurfaced in the American press — including allegations about drug use and claims that he first learned of her pregnancy on the radio.

Though these reports originated in the US, Harry allegedly blamed the British press, which further strained the team’s dynamics.

### A Rift That Never Healed

Behind the scenes, Markle grew increasingly irate with senior aide Jason Knauf, believing he and his team had failed to protect her. One source shared, “She felt vulnerable. Meghan admitted she had believed the Palace would shield her, but when that didn’t happen, her confidence in the staff collapsed.”

The rift with Knauf widened to the extent that Markle reportedly excluded him from knowing about her surprise appearance at the British Fashion Awards later that year, leaving even the press office blindsided. Valentine Low, in his book *Courtiers*, described this move as a deliberate public snub.

The fallout extended beyond palace staff. Markle’s once-close friendship with Jessica Mulroney eventually collapsed after Mulroney became embroiled in a race controversy in 2020.

—

### A Turning Point

Insiders say the tensions of that Australian tour marked a crucial turning point. As one source put it, “That was when the gap between the glossy image and what was really happening behind the scenes became undeniable.”
https://radaronline.com/p/meghan-markle-hurled-tea-miserable-royal-life/

Artemi Panarin awaiting taste of Rangers action with consequential season on tap

Artemi Panarin is entering a pivotal contract year with the New York Rangers, and the team’s longtime scoring leader hopes to see his first game action of the preseason Thursday night against the New Jersey Devils. This will help him prepare for the start of his seventh year in New York.

Panarin missed a few days of practice last week due to a lower-body injury but returned to the ice on Friday. In recent days, he has been upgraded from wearing a red non-contact jersey to becoming a full participant in practice.

“I think it’s very important to have a couple of [preseason] games at least, just for timing,” Panarin said after Wednesday’s nearly 90-minute practice session in Tarrytown. “It’s more about timing, it’s not so much about conditioning. It’s just to feel how fast people are moving around you, how the puck’s moving, just kind of to remind yourself of some things, and then the season starts.”

The 33-year-old left winger can become an unrestricted free agent next summer, when the seven-year, $81.5 million contract he signed as a free agent in 2019 expires. That deal carries an average annual value (AAV) of $11.64 million.

Since joining the Rangers, Panarin has led the team in scoring every season, amassing 186 goals and 550 points over 430 regular-season games. However, his numbers have dipped in postseason play, with 12 goals and 23 assists for 35 points in 46 playoff appearances. The Rangers missed the playoffs entirely last season, which led to the firing of head coach Peter Laviolette.

Laviolette was replaced by longtime Pittsburgh Penguins coach Mike Sullivan, who did not disclose his lineup plans for Thursday’s game at Madison Square Garden, beyond noting that captain J.T. Miller will be out due to a lower-body injury.

“[Panarin] looks good. He looks strong. Obviously, he’s an incredible player. The things he does with the puck, he’s a unique player in that regard,” Sullivan said after practice. “You see what he does on the power play, for example, when we worked on our power play in practice today. But I think he looks strong, healthy, fit, all of the above. I don’t know whether we’re going to put him in the lineup [Thursday] or not. But we really like the way he’s trending. I think the last couple of days have been quality practice for him.”

On Wednesday, Panarin skated mostly alongside Vincent Trocheck and Will Cuylle. His regular linemate, Alexis Lafrenière, was aligned for a second straight day with Mika Zibanejad and Gabe Perreault in Miller’s absence.

The Rangers will conclude their preseason schedule Saturday afternoon in Boston before opening the 82-game regular season Tuesday at home against the Penguins.

“Like I said before, we have a pretty good group of guys, and then obviously the coaches have had success in the NHL already,” Panarin said, referencing his 37 goals and 52 assists in 80 games last season. “I know they have good experience in the playoffs… so I think only good things for our team this year.”

One of those good things, according to Panarin, would be to suit up for either or both of the remaining preseason contests. However, Sullivan believes that playing in preseason games is not imperative.

“I just think for anybody, in a perfect world, you’d like to have everybody get at least a game. Preferably two would be even better in a perfect world,” Sullivan said. “But as we all know, the world’s not perfect, and so I’m sure, regardless of whether or not he gets one or he doesn’t get one, he’s going to be fine. He’s a talented player, and he’ll adjust on the fly. But ideally, we’d like to get him in some action before we start playing meaningful hockey.”
https://nypost.com/2025/10/01/sports/artemi-panarin-awaiting-rangers-action-with-consequential-season-on-tap/

Arsenal Seal Crucial 2-0 Win Over Olympiacos to Maintain Perfect UCL Start

Martinelli and Saka Goals Seal 2-0 Victory as Gunners Stay Perfect in Champions League

Arsenal continued their impressive run in the UEFA Champions League with a crucial 2-0 win over Olympiacos. The Gunners maintained their perfect start to the group stage, demonstrating both skill and determination on the pitch.

Gabriel Martinelli opened the scoring, showcasing his attacking prowess and giving Arsenal the lead. Later in the match, Bukayo Saka doubled the advantage, sealing the victory and ensuring the team kept their flawless record intact.

This important win not only boosts Arsenal’s confidence but also strengthens their position in the group standings as they aim to progress to the knockout stages of the competition.

https://foot-africa.com/en/news/arsenal-seal-crucial-2-0-win-over-olympiacos-to-maintain-perfect-ucl-start-902544/

Macron says oil tanker off France is linked to Russia’s shadow fleet

French President Emmanuel Macron announced on Wednesday that an oil tanker immobilized off the French Atlantic coast had committed “very serious wrongdoings.” He linked the vessel to Russia’s shadow fleet, which is reportedly evading Western sanctions imposed over Moscow’s war in Ukraine.

The tanker, which was sailing last week near the coast of Denmark, has been cited by European naval experts as possibly involved in drone flights over the country. French naval forces forcibly boarded the ship a few days ago at the request of prosecutors who suspected illegal activities, a military official confirmed on Wednesday.

The prosecutor’s office in the western French city of Brest opened a judicial investigation into the crew’s “refusal to cooperate” and “failure to justify the nationality of the vessel.” Meanwhile, the ship has been ordered to remain in place pending further investigation, according to the official.

On Wednesday, French naval forces boarded the ship again to provide food and fuel to the crew aboard. The official who shared this information was not authorized to be publicly named due to the ongoing nature of the investigation.

According to the Marine Traffic monitoring website, the ship departed the Russian oil terminal in Primorsk near Saint Petersburg on September 20. It sailed off the coast of Denmark before staying off the French western port of Saint-Nazaire since Sunday.

Macron suggested the ship was stopped due to French authorities’ “intervention.” Speaking on the sidelines of a European Union leaders’ summit in Copenhagen, Denmark, he stated:
“I think it’s a good thing that this work has been done and that we’ve been able to stop it. There were some very serious wrongdoings made by this crew, which is why there are legal proceedings in the case.”
He declined to provide further details.

The Russian Embassy in Paris did not respond to requests for comment from The Associated Press.

When asked about the ship’s connection to drone incidents in Denmark and reports of two detainees aboard, Danish Prime Minister Mette Frederiksen refrained from commenting on specifics. However, she acknowledged the broader issue:
“I can say in more general terms that we are facing a lot of problems with the shadow fleet. And that has been the case, especially in the Baltic Sea for quite a long time. And we are working very closely together to battle this situation.”

Highlighting the ongoing threat, on Christmas Day 2024, a Russian shadow fleet oil tanker known as the Eagle S triggered a nationwide alarm in Finland. The tanker was suspected of deliberately severing a critical undersea electric cable located 50 miles off the coast.

A seven-month investigation by “60 Minutes” revealed that this incident was not isolated. It uncovered that a major Russian oil company was hiding ownership of the tanker behind layers of shell companies to evade Western sanctions.

In response, NATO launched “Baltic Sentry,” a mission deploying ships and planes to monitor the shadow fleet and protect vital seabed infrastructure. According to British Admiral Keith Blount, NATO’s deputy supreme allied commander Europe, no cable-cutting incidents have occurred since.

Macron emphasized that the current incident underscores “the existence and the reality of a phenomenon that we have been describing and denouncing for a long time,” referring to the “notorious shadow fleet.” This fleet represents tens of billions of euros for Russia’s budget and is estimated to finance around 40% of Russia’s war effort.

The tanker, known as “Pushpa” or “Boracay” — names it has used interchangeably — sailed under the flag of Benin and appears on the European Union’s list of ships targeted by sanctions against Russia.

The shadow fleet consists mainly of aging tankers purchased secondhand, often by opaque entities registered in countries that do not impose sanctions. These ships operate under flags from non-sanctioning nations and play a crucial role in helping Russia’s oil exporters bypass the price caps imposed by Ukraine’s allies.
https://www.cbsnews.com/news/macron-russia-shadow-fleet-oil-tanker-off-france/