Tuesday, September 01
India's heartbeat index Nifty is poised to deliver double-digit returns up to 11.4% in CY26 as earnings cut moderate and chances of growth acceleration rise, BofA said in a note, expecting largecaps to outperform small and midcap stocks (SMIDS) like they have done in the current calendar year.BofA goes further to say that risks now seem skewed to the upside based on potential reforms, likely FII outflows’ reversal and fewer large state elections with the Bharatiya Janata Party (BJP) not the incumbent.A rate cut by the US Federal Reserve and weak US dollar are generally positive for EM flows and these two triggers have potential to reverse FII trends, the brokerage opines.In CY25, Street has sharply cut Nifty’s FY26/27 earnings by -11%/-6% but BofA sees the cuts to moderate as consensus
In another show of support to India, Russian President Vladimir Putin on Thursday questioned the United States over its reciprocal tariffs on New Delhi over its Russian oil imports.The Russian leader argued that Washington cannot object while continuing to buy Russian nuclear fuel itself.Speaking India Today in an exclusive interview, Putin asked, “If the US has the right to buy our fuel, why doesn't India have that privilege? US still buys nuclear fuel from Russia. India has the same rights as the US.”"The world has to treat India with respect," he added.The President touched down in the national capital on Thursday for his first India visit in four years, accompanied by a large delegation.The former KGB leader was responding to the controversy triggered by US President Donald Trump
