Sunday, October 18
The Indian equity market showed strong bullish momentum during the week ended May 16, 2025, with the Nifty50 index climbing over 4%. While some volatility persisted, the bulls firmly held the upper hand throughout the week.One of the key triggers for this rally was the announcement of a ceasefire between India and Pakistan, which significantly eased geopolitical tensions and provided a strong boost to investor sentiment.This positive development was reflected in the sharp decline of the India VIX—the fear gauge—which plunged more than 20% during the same period.Adding to the optimism were favorable updates on the US-China trade negotiations. Progress on this front helped reduce global economic uncertainty, further lifting confidence across markets.Additionally, Foreign Institutional In
Turkey-based airport ground handling company Çelebi Hava Servisi has seen its market capitalisation erode by more than Rs 2,500 crore (USD 293 million) in just two days, with its shares plunging nearly 20% on Thursday and Friday after India revoked the security clearance of its subsidiaries over national security concerns.In response, the Istanbul-headquartered firm said it will “pursue all administrative and legal remedies” to challenge the decision. The company underlined the significance of its India operations, stating that over one-third of its $585 million consolidated revenue in 2024 came from its Indian subsidiaries.The Bureau of Civil Aviation Security (BCAS) revoked the security clearance of Çelebi Airport Services India on Thursday, effective immediately. The move impacted
Nine of the top 10 valued firms added Rs 3.35 lakh crore in their market valuation last week in tandem with a positive trend in equities, led by Reliance Industries. HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC were the gainers among the top 10 companies. Bharti Airtel was the only laggard. Last week, the BSE benchmark gauge jumped 2,876.12 points or 3.61 per cent. The market valuation of Reliance Industries jumped Rs 1,06,703.54 crore to Rs 19,71,139.96 crore. ICICI Bank's valuation surged Rs 46,306.99 crore to Rs 10,36,322.32 crore. TCS added Rs 43,688.4 crore to take its valuation to Rs 12,89,106.49 crore. The market capitalisation (mcap) of Infosys zoomed Rs 34,281.79 crore to Rs 6,60,365.49 crore an
Net interest margins of commercials banks will contract in the coming months, putting pressure on banks' earnings, but lenders with strong non-interest income will perform better, said Rajneesh Karnatak, managing director and chief executive of Bank of India, in an interview with ET. Edited excerpts:Analysts say profits have peaked for commercial banks. The challenge starts now with NIMs likely to shrink as treasury gains are already books, and big-ticket recovery is already done. Your comment?Definitely, (maintaining) NIMs is challenging.Since February there has been a 50 bps cut in policy rate. On a ballpark basis, this translates into a NIM contraction of around 15 bps. On the loan side, those linked to repo or external benchmark are immediately repriced. But on the deposit side, the re
