Thursday, September 17
The free trade agreement with the UK allows India to temporarily raise tariffs or suspend concessions if a sudden surge in British imports harms domestic industries, the Commerce Ministry said on Saturday.The India-UK free trade agreement was signed on July 24 in London."In this agreement, there are bilateral safeguard measures. It allows India to temporarily increase tariffs or suspend tariff concessions on certain goods if there is a significant surge in imports from the UK that causes or threatens to cause serious injury to Indian domestic industries," it said.The duration of a bilateral safeguard measure under this pact is initially up to two years, it added.This period can be extended for an additional two years if an investigation determines that the safeguard measure is still needed
The Nifty traded in a largely range-bound manner through the week, oscillating within a well-defined band and ending the week on a negative note. After a strong opening, the index saw selling pressure at higher levels, remaining under check within a narrow range of 25246–24806 spanning 440 points before settling slightly lower. Meanwhile, the India VIX declined modestly by 1.03% on a weekly basis, closing at 11.27.For the week, Nifty ended with a minor loss of 131.40 points, or (-0.53%.) The index continues to face strong overhead resistance as it struggles near the upper edge of a rising channel formation. Despite recently reclaiming ground above the 20-week moving average, Nifty is showing signs of fatigue as it approaches the upper Bollinger band. This price behavior signals that the
IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026, while the net interest income (NII) witnessed a growth of 5.1% YoY to Rs 4,933 crore in the same period.The NII is comparable to Rs 4,695 crore in the first quarter of the last financial year. However, on a quarter-on-quarter basis, the PAT grew 52.1%.The bank's Net Interest Margin (NIM) on AUM dropped by 24 basis points quarter-on-quarter, falling from 5.95% in Q4 FY25 to 5.71% in Q1 FY26. This decline was mainly due to the impact of repo rate changes, a shift in the asset mix, including a sharp fall in the microfinance segment, and lower investment yields.Operating profit (excluding trading gains) declined by 6.2% YoY, from Rs 1,858 crore in Q1 FY2
A big learning from stock market experience is that the market’s long-term trend is largely predictable; but the short-term trend is almost impossible to predict. The long-term trend of the market is dictated by earnings; but in the short-term, many non-fundamental factors impact the market, rendering predictions almost impossible. An interesting feature of the behavior of global equity markets this year has been their resilience despite serious geopolitical turbulence. Even wars didn’t trigger any significant correction in markets. Markets climbed all walls of worries that emerged from the geopolitical turbulence in May and June. In the mother market US, S&P 500 and Nasdaq set many new records this year. This resilience of global equity markets has been reflecting in the performan
