Shares of Apple were gaining along with broader market ahead of the company's event at 1 pm ET (1700 GMT) at which it is expected to update several key products including the Apple Watch and iPad. At 9.55pm IST, the stock was up $2.06 or 1.80% at $117.50.

"We believe this will all be about a refresh cycle on the wearables and iPad front, which is seeing a renaissance of growth," Wedbush analyst Daniel Ives said in a note.

TD Ameritrade Chief Market Strategist JJ Kinahan noted that, "There’s usually a lot of excitement before these events, and the challenge for AAPL is whether they can match the excitement once the news comes out."

"Some analysts have noted that when Apple rises lately, so does the market," Kinahan added in a written commentary.

Indeed, when it comes to the S&P 500 and Nasdaq Composite, the iPhone company's shares remain the biggest single-stock influence by a wide margin.

With Apple hovering near $2 trillion in market value as of mid Tuesday morning, the stock held an 11.8% weight in the Nasdaq and a 6.7% weight in the S&P 500, according to Refinitiv data.

Following Apple's stock split last month, its weight in the price-weighted Dow Jones Industrial Average slipped to 2.7% as of Tuesday, putting its influence in the bottom half of the 30-member Dow.

Index goliath Apple gains 2% ahead of annual product event

'Grassroots Democracy Revived': India Responds to UN Rights Chief's Criticism on Situation in Kashmir
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'Grassroots Democracy Revived': India Responds to UN Rights Chief's Criticism on Situation in Kashmir

Army soldiers during a cordon and search operation at Kawoosa Khalisa area of Budgam district in Srinagar. (AFP)

Army soldiers during a cordon and search operation at Kawoosa Khalisa area of Budgam district in Srinagar. (AFP)

India’s envoy to the UNHRC, Indra Mani Pandey, expressed regret on the oral update of UNHRC Commissioner Michelle Bachelet in which she had criticised the situation in Jammu and Kashmir.

  • Last Updated: September 15, 2020, 11:56 PM IST

A day after the United Nations human rights chief issued a statement on the situation in Jammu and Kashmir, India responded to the criticism saying grassroots-level democracy has been revived in the region and the government is pushing for economic development despite the challenges posed by the coronavirus pandemic and continued efforts of Pakistan to derail the process.

India’s envoy to the United Nations Human Rights Council (UNHRC), Indra Mani Pandey, expressed regret on the oral update of UNHRC Commissioner Michelle Bachelet in which she made a reference to Kashmir, adding that the people of the Union Territory have been enjoying the same fundamental rights as people in other parts of the country ever since August 2019 (when the Centre did away with the special status of the erstwhile state).

“We regret that the high commissioner in her oral update made a reference to the situation in Union Territory of Jammu and Kashmir. In this context, I would like to underline that, since the changes made in August 2019, people in Union Territory of Jammu and Kashmir have been enjoying the same fundamental rights as people in other parts of India.

“We have been able to revive grass root democracy and provide a new momentum to social and economic development, despite the challenge posed by Covid-19 pandemic and persistent attempts by one country to infiltrate terrorists to derail this process,” Pandey said, without naming Pakistan.

“By extending coverage of positive and affirmative federal legislations and repealing discriminatory or outdated local laws, the government has reaffirmed its commitment to delivering socio-economic justice to disadvantaged people in the union territory of Jammu and Kashmir, including women, children, minorities and refugees,” he was further quoted as saying.

In her global human rights update, Bachelet said on Monday that “incidents of military and police violence against civilians continued in Kashmir”. She said this included use of pellet guns, as well as incidents related to militancy.

“Major legal changes – including to the Constitution and domicile rules – were generating deep anxiety. The space for political debate and public participation continued to be severely restricted,” she said.

Regarding Pakistan-occupied Kashmir, Bachelet said people had limited internet access there too, creating difficulties in accessing education and other vital services, and that she “remained concerned about ongoing restrictions to the rights to freedom of expression and association”.

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