Sunday, October 11
Paris: India and the European Union can conclude talks for a comprehensive free trade agreement (FTA) before the end of this year, commerce and industry minister Piyush Goyal said Sunday.However, he said, there are certain sensitive issues on both sides that have to be resolved."We never had deadlines for an FTA, but looking at the rapid progress that we are making, my sense is that we could do it faster than the year end," Goyal said.Highlighting that the two sides have complementary economies, Goyal said: "There are not too many issues where we have divergence of opinions. In most cases, what is of offensive interest to India does not hurt the EU economy, likewise goods and services that Europe would like to provide to India only support our growth story."The India-EU FTA has 23 chapters
In a bullish move that defies earnings downgrades and global jitters, Japanese brokerage giant Nomura has raised its Nifty target by 1,170 points to 26,140, citing favorable valuations and domestic resilience. Alongside, it unveiled 17 high-conviction stock picks, signaling a clear pivot toward domestic-facing sectors."Assuming benign risk premium and low yields, we raise the target valuation multiple to 21x (from 19.5x previously)... suggesting potential upside of 6% from current levels,” Nomura said in a note to clients. The firm’s new March 2026 Nifty target is based on 21x FY27 earnings, up from its previous 24,970.The Nifty currently trades at 20.5x one-year forward earnings, near the top of its three-year range. Yet, Nomura points to a reassuring spread of -1.4% between earnings
Rajesh Palviya, Senior Vice-president, Axis Securities, says Bank Nifty has potential to give breakout above 55,800 and once this happens, we could see a new all-time high trajectory very soon for Bank Nifty. That is giving us signs that ahead of policy action, there are a lot of accumulation activities happening in these PSU banks and a good rally could unfold in coming days for PSU banking space. So, Bank Nifty is looking more promising compared to the Nifty. The May series has ended on a positive note. We were up almost 2% as far as the May series is concerned. How do you expect the June series to play out?Rajesh Palviya: Looking at the rollover action, Nifty has registered almost 79% rollover. It was in line with the previous month and it is just above to the last three-month average
