Defence stocks rally up to 4% after Modi’s call for ‘Made in India’ military gear, battle-tested arms shine in Operation Sindoor
Operation Sindoor not only served as retaliation for the Pakistan-sponsored terror attack but also provided a rare platform for India to demonstrate its military prowess. The four-day ‘near-war’ saw the deployment of a diverse arsenal comprising Russian, French, Israeli, and indigenous equipment.
ETMarkets Smart Talk: From comfort zone to opportunity zone – why large caps may lag behind, says Madanagopal Ramu
India is in a sweet spot in post Tariff war 2.0 world. US has started its China derisking policy during Mr. Trump’s first term through Tariff war 1.0 and in second term its de risking strategy is getting bigger.
Fund Manager Talk | ICICI Prudential’s quality-focused pitch for long-term gains
ICICI Prudential AMC advocates revisiting quality stocks as a long-term portfolio anchor amidst market volatility and tempered earnings expectations. Ihab Dalwai highlights the underperformance of quality stocks in recent years, presenting a favorable entry point for long-term investors. The fund emphasizes reasonable valuation, earnings resilience, and bottom-up stock picking across sectors and market caps.
Wall Street closes higher after US-China tariff truce
Wall Street saw a sharp rise in indexes. This happened after the US and China agreed to temporarily reduce tariffs. The S&P 500 reached its highest level since early March. Investors are hopeful that this will ease the global trade war. The Dow, S&P 500, and Nasdaq all experienced significant gains. Safe-haven gold saw a […]
Q4 results today: Tata Motors, Airtel among 83 companies to announce earnings on Tuesday
The fourth quarter earnings season is gaining traction, with key companies like Airtel, Tata Motors, and Cipla set to announce their results. Tata Motors anticipates flat revenue growth and margin pressure, particularly in its JLR business. Hero MotoCorp expects modest revenue growth driven by improved average selling prices, with profitability projected to rise in the […]
Foreign banks dump $3 billion worth g-secs amid India-Pak tensions
Traders believe the 10-year benchmark is likely to settle near 6.32-6.34%, following the recent border de-escalation and ceasefire announcement.
Fusion Finance’s Rs 800-crore rights issue fully subscribed
Microfinance lender Fusion Finance Monday announced that its Rs 800 crore-right issue was fully subscribed with its promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus, and Creation Investments Fusion LLC taking part in it.
Ant Financial to sell shares worth Rs 2,200 crore in Paytm parent
Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing price of Rs 866 on Monday. Paytm shares gained 4% during Monday’s trade on BSE ahead of the anticipated transaction.
Rate transmission uneven despite liquidity comfort
Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates have seen minimal reduction (5-15 bps), while past rate hikes were more fully passed on. Experts attribute the uneven transmission to varied credit portfolios and spreads, expecting rates to remain […]
Pharma stocks decline amid Trump’s prescription drug price cuts announcement
The Nifty Pharma Index ended 0.2% higher Monday after tumbling almost 2.4% earlier in the day in response to Trump’s remarks. The Sensex and Nifty jumped nearly 4%-posting their biggest single-day gains in four years. Of the 20 stocks in Nifty Pharma, 13 gained and seven declined.