Sunday, October 18
A London High Court judge who refused Nirav Modi's latest bail application this week has taken note in his judgment of a "confidential impediment" in the long-drawn extradition proceedings against the imprisoned diamantaire wanted in India on fraud and money laundering charges. Justice Michael Fordham on Thursday concluded at a Royal Courts of Justice bail hearing that there are substantial grounds for believing that if released on bail, the 54-year-old businessman would "fail to surrender" and his risk of absconding remained high. While Nirav's barrister argued in favour of his bail from London's Thameside prison based on the "long passage of time" without trial, the judge highlighted the constraints of a "confidential" process that prevented his surrender to the Indian authorities even
Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, marking the first inflow in three months, data with the depositories showed. Prior to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in January. FPIs are likely to continue their buying interest in India, and therefore, large caps will be resilient, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. According to the data from the depositories, foreign portfolio investors made a net investment of Rs 18
India Inc's Q4 FY25 earnings season continues this week, with 81 companies scheduled to release their financial results. Key names to watch include ITC, Sun Pharma, IndusInd Bank, Power Grid Corporation of India, Hindalco, Interglobe Aviation (IndiGo), ONGC, Bharat Electronics, DLF, Dixon Technologies, Solar Industries, United Spirits, Ashok Leyland, Grasim, RVNL, and Honasa Consumer.Here are the key earnings to watch out this week:May 19Acme Solar Holdings, Bharat Electronics, DLF, DOMS Industries, Eris Lifesciences, Gujarat Gas, HEG, IRB Infrastructure Developers, Jupiter Wagons, NLC India, Petronet LNG, Pfizer, PI Industries, Power Grid Corporation Of India, Redington, Sun Pharma Advanced Research Company, The New India Assurance Company, Zydus Wellness.20th MayAster DM Healthcare, Dixo
The Indian market ended lower on Friday, weighed down by a pull-back in high-weight financial and information technology stocks following a rally earlier in the week.The BSE Sensex shed 200.15, or 0.24%, to close at 82,330.59, while the NSE Nifty declined 42.30 points, or 0.17%, to settle at 25,019.80.Here's how analysts read the market pulse:The market witnessed mild profit booking following a sharp rally in the previous session but despite this, investor sentiment remained upbeat, with sustained momentum in mid-cap and small-cap stocks, as well as rate-sensitive sectors such as real estate, NBFCs, automobiles, and consumer durables, said Vinod Nair, Head of Research at Geojit Investments, adding that defence stocks also continued their upward trajectory, supported by a strong sectoral ou
Surpassing traditional players like petroleum products and diamonds, India's smartphone exports surged nearly fivefold to the US and about fourfold to Japan in the past three years as the country's top exported goods, according to government data. The smartphone exports rose by 55 per cent to $ 24.14 billion in 2024-25 from $15.57 billion in 2023-24 and $10.96 billion in 2022-23. In the last fiscal, the top five nations where India registered the highest growth in smartphone exports were the US, the Netherlands, Italy, Japan, and Czech Republic. India's exports to the United States alone rose from $2.16 billion in 2022-23 to $5.57 billion in 2023-24 and $10.6 billion in 2024-25. A significant export growth has also been registered with Japan where shipments surged from $120 million in
The Indian stock market staged a powerful rebound this week, with the benchmark Nifty 50 soaring over 1,000 points to reclaim the critical 25,000 level. The surge helped the index erase all the losses accumulated since October 2024, signaling a strong comeback for the market.The week began on a robust note, driven by significant weekend developments on the geopolitical front. The cessation of hostilities between India and Pakistan, following the successful execution of Operation Sindoor by the Indian armed forces, injected a wave of optimism into investor sentiment, propelling markets higher.With this, analyst Rahul Ghose, Founder & CEO, Octanom Tech & Hedged.in, interacted with ET Markets regarding the outlook on Nifty and Bank Nifty. Following are the edited excerpts from his cha
