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«It is quite possible we may go through some bit of consolidation as we grapple with global macros, as we grapple with local macros, but post that we should be in a pretty much a sweet spot,» says Nilesh Shah, MD & CEO, Envision Capital. Is the market going to be a winner or not? Have we sold out enough? Nilesh Shah: Yes, India will remain a winner, be it sports or be it the Main Street or be it the Mint Street, India remains a long-term winner. Yes, there would be a bit of upheavals here and there. Like in sports, you lose one match or so, but ultimately what matters is winning the trophy, winning the tournament. I clearly believe India will continue to win this trophy of being the star in emerging markets.

Domestic benchmark index NSE Nifty gained 88.21 points to 22640.7, while the BSE Sensex traded 300.56 points up at 74633.14.

«All the GST products which come in that band, the affordable products, I would guess are the ones where they would see some kind of cut, clearly not the luxury products, and also given that automobiles and tariffs and Trump tariffs are going to impact the automobiles above that $40,000 mark, clearly there is unlikely to be any GST reduction above that,» says Chakri Lokapriya, CIO-Equities, LGT Wealth. Where do you see things are stacking up for the market? We have seen a dinky bounce from the recent low. Are we out of the woods? Chakri Lokapriya: You are absolutely right. We are out of the woods because if you look at the valuation currently trades at Nifty one year forward, trades at about 18.8 times, close to 19 times. The COVID lows was about 18.5 times. So, is the market overall in a far better economic situation than it was during the COVID period lows? Answer is clearly yes.

bond yields were barely changed at the start of a week that would see key events including heavy debt supply, bond purchases from the central bank and inflation data due in India as well as the United States. The benchmark 10-year yield was at 6.6902% as of 9:45 a.m. IST, compared with its previous close of 6.6881%.

On the BSE, Kesoram Inds.(down 95.24 per cent), Raghuvansh Agrofarm(down 20.00 per cent), RLF Ltd(down 15.65 per cent), Aadi Industries Ltd.(down 10.71 per cent) and Octaware Tech(down 9.99 per cent) were among the stocks that plunged over 5 per cent during the session.

Mhow, Madhya Pradesh on Sunday during the victory celebration of Team India's ICC Champions Trophy win, an official said. Several vehicles were torched and vandalised, prompting authorities to heighten security in the area. Deputy Inspector General of Police (DIG, Rural) Nimish Agarwal told media that a preliminary investigation is going on into the incident.

Devina Mehra, Founder & CMD, First Global, says this time it has been coincidental that the FIIs have pulled out money and the markets have fallen. But over a period of time, data show that the unsaid assumption that if FIIs come in, the market goes up; FIIs pull out, and the market goes down, does not hold any more. In any case, the end of the US outperformance US is coming closer. Mehra also says that they are overweight on IT, pharma, and auto components and have selectively added some FMCG and chemical stocks.

Vishakha Mulye, CEO of Aditya Birla Capital and ET's Businesswoman of the Year for 2024 expressed her strong belief in India's growth potential and her company's ability to seize and leverage these opportunities. She emphasised that her organisation's mission was to simplify finance and align with the vision of a 'Viksit Bharat'. «At Aditya Birla Capital, our goal is to make finance as simple as ABCD, which is also the name of our newly launched platform this year,» Mulye said after receiving the award. «We are excited about the vast opportunities in the Indian market and firmly believe that we have the right foundations in place to capitalise on them.»

Subscribe to enjoy similar stories. Earnings downgrades of India Inc. continue amid slowing economic growth domestically and global trade uncertainty, but UTI AMC's chief investment officer sees an improvement for Nifty 50 earnings in the next fiscal year from the mid-single digit consensus forecast for FY25.

Shiv Sena (UBT) chief Uddhav Thackeray on Sunday expressed his support to Tamil Nadu on the issue of National Educational Policy, saying that the Centre is using the issue to create discord and division in the country. Thackeray said that he agreed with Tamil actor Kamal Haasan who said that the BJP government at the Centre was trying to create 'Hindia'. «Kamal Haasan was right when he said they (Centre) want to create Hindia, they want to create discord in the country. I recently met people from Bihar who said that there were several languages of the state that have become extinct because of Hindi, we are not against Hindi but the BJP wants to create division and rule (with the language issue), said Thackeray while addressing party cadres in Mumbai. The Sena UBT chief had called the party meeting to rebuild the organisation with an eye on the upcoming Mumbai civic elections likely to be held in October-November this year. The Mumbai civic elections are significant for the Sena UBT as the party derived its power from ruling the Mumbai civic body for several decades. However, with Eknath Shinde splitting the united Shiv Sena, several former corporators from the Mumbai civic body have crossed over to the Shiv Sena.

DMK MPs on Sunday decided to work towards the rights of southern states, especially Tamil Nadu with regards to delimitation, saying that the population-based exercise will affect not just the southern states but also others, including Odisha and West Bengal. A meeting of DMK MPs, held under party president and Tamil Nadu chief minister MK Stalin in Chennai, came on the eve of the resumption of the Parliament session on Monday. The DMK MPs passed a resolution saying that the party will take up delimitation and imposition of Hindi language during the Parliament session.

Bashar Assad escalated into clashes that a war monitor estimates have killed more than 1,000 people over four days. The attack Thursday near the port city of Latakia reopened the wounds of the country's 13-year civil war and sparked the worst violence Syria has seen since December, when insurgents led by the Islamist group Hayat Tahrir al-Sham, or HTS, overthrew Assad. The counteroffensive against the Assad loyalists in the largely Alawite coastal region brought havoc to several cities and towns. Rights groups reported dozens of revenge killings resulting from Sunni militants targeting the minority Islamic sect, regardless of whether they were involved in the insurgency.

Subscribe to enjoy similar stories. The copyright suit filed by top music labels such as Saregama, T-Series and Sony, concerned about the unauthorized use of their sound recordings by Microsoft-backed Open AI, reflects the broader challenges posed to India’s music business. Entertainment and legal industry experts say labels which hold the rights to extensive music catalogues face the risk of their content being used without proper compensation or acknowledgement.

Big Tech in a race for electricity. Some states are dangling financial incentives. Others are undoing decades of regulatory structures in what they frame as a race to serve the basic needs of residents, avoid a catastrophe and keep their economies on track in a fast-electrifying society. «I don't think we've seen anything quite like this,» said Todd Snitchler, president and CEO of the Electric Power Supply Association, which represents independent power plant owners.

Subscribe to enjoy similar stories. When Unilever made its surprise announcement last week that it would replace chief executive officer (CEO) Hein Schumacher, the board was about as blunt as boards tend to get in a corporate press release. “While the Board is pleased with Unilever’s performance in 2024, there is much further to go to deliver best-in-class results," said Unilever chairman Ian Meakin in the announcement.

equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020. The changes have come in response to a campaign by conservative activists to target workplace programs in the courts and social media, and more recently, President Donald Trump's executive orders aimed at upending DEI policies in both the federal government and private sector. DEI policies typically are intended to root out systemic barriers to the advancement of historically marginalized groups in certain fields or roles. Critics argue that some education, government and business programs are discriminatory because they single out participants based on factors such as race, gender and sexual orientation. They have targeted corporate sponsorships, employee-led affinity groups, programs aimed at steering contracts to minority or women-owned businesses, and goals that some companies established for increasing minority representation in leadership ranks.

DMK MPs on Sunday resolved to work towards ensuring Tamil Nadu's rights vis-a-vis the Lok Sabha seats delimitation issue, saying the population-based exercise will affect not just the southern states but also others including Odisha and West Bengal. A meeting of DMK MPs, held under party president and Tamil Nadu Chief Minister M K Stalin here, came on the eve of the resumption of the Parliament session on Monday. The meeting passed resolutions, deciding to take up the delimitation issue in the Parliament. Others including Hindi 'imposition' will also be raised. The DMK has been insisting that the population based delimitation of Lok Sabha seats will result in a decline in the existing number of seats for Tamil Nadu and wants the exercise to be done on the basis of the 1971 census.

Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent. The market capitalisation (mcap) of Reliance Industries surged by Rs 66,985.25 crore to Rs 16,90,328.70 crore.

Sunil Subramaniam attributed the recent uptick to domestic fund managers selectively deploying their cash reserves despite sustained selling by foreign institutional investors (FIIs). «This week, the reason for the slight uptick is that domestic fund managers, who are still sitting on a lot of cash, have engaged in some selective buying. FIIs have continued their selling,» he stated.

Tata Capital is likely to file preliminary papers with markets regulator Sebi to raise USD 2 billion (over Rs 17,000 crore) through an initial public offering (IPO) only after getting final approval from the NCLT for Tata Motors Finance merger with the company, according to sources. At this size, the company is expected to be valued at around $11 billion, they said. The final order is awaited from the National Company Law Tribunal (NCLT), which is expected to be closed by the end of this financial year (FY25), sources said.

Subscribe to enjoy similar stories. SCIENTISTS LOOKING to remove carbon dioxide (CO2) from the air cleanly and cheaply have long been interested in metal-organic frameworks, or MOFs: gigantic, sponge-like molecules that can be precisely engineered to capture the gas and then release it on command. Made of metal ions held together by compounds containing carbon, MOFs come in a dizzying array of structures, each with its own distinct properties.