'When compared to many of America's treaty allies in Asia, Modi 3.0 is on a much stronger footing.'
From the Sensex pack, HDFC Bank, Maruti, Tech Mahindra, HCL Tech, ITC, ICICI Bank, Kotak Mahindra Bank and Bajaj Finance were among the biggest laggards. NTPC, Adani Ports, Mahindra & Mahindra, Tata Steel and IndusInd Bank were among the gainers.
The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.
Donald Trump is expected to sign a series of executive orders upon taking office, including those related to immigration, border security, energy and governance. These orders are intended to implement Trump's policy priorities, including restricting immigration, increasing energy production, and streamlining government operations. The executive orders will include declaring emergency on the southern border, preparing military deployment on the borders, classifying cartels as "foreign terrorist organisations", reinstating the "Remain in Mexico" policy, ending the "Catch and Release" policy, and declaring emergency related to energy. Trump is also expected to roll back some of the executive orders and actions of outgoing President Joe Biden, such as the Paris Climate agreement, lifting restrictions on fossil fuel production, and expanding domestic oil drilling.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
From the Sensex pack, Bharti Airtel, Titan, Tata Consultancy Services, Hindustan Unilever, Infosys, Nestle, Reliance Industries, Mahindra & Mahindra, HDFC Bank and Tata Motors were the biggest gainers. However, IndusInd Bank, Bajaj Finance and UltraTech Cement were the laggards.
The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.
Days after the Pahalgam terror attack, Jammu and Kashmir authorities have deported 59 Pakistani nationals, including the mother of Shaurya Chakra awardee Constable Mudasir Ahmad Sheikh. The Pakistani nationals were living in the valley for decades and were transported to Punjab for repatriation. However, the mother of the deceased soldier was later allowed to stay back. The deportation comes after the Indian government announced a slew of measures against Pakistan in the wake of the Pahalgam attack, including the suspension of the Indus Waters Treaty and the downgrading of diplomatic relations.
India's Minister of State for Home, Nityanand Rai, has announced a 71% decrease in terrorist incidents in the country under the Modi government. He credits a "zero tolerance" policy towards terrorism, which has resulted in no terror incidents in the hinterland. Rai also highlighted the National Investigative Agency's (NIA) successes, including the investigation of cases on foreign land and a conviction rate of 95.54%.
Defence Minister Rajnath Singh has assured the nation that India will respond strongly to the recent terror attack in Kashmir's Pahalgam, which killed 26 people. He stated that India will not be intimidated by such acts and will take every necessary step to trace those responsible and those who conspired behind the scenes. Singh described the attack as "extremely inhuman" and reiterated India's zero-tolerance policy against terrorism.
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could severely impact Canada's economy, Politico reported.
The UK government made its first major commitment to support UN Security Council reforms and India's permanent membership within it as part of a refreshed defence and foreign policy review tabled in Parliament on Monday.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
In a significant move, the United States on Wednesday removed restrictions on three Indian nuclear entities, over a week after National Security Advisor Jake Sullivan announced that Washington was finalising steps to 'remove' hurdles for civil nuclear partnership between Indian and American firms.
"Their Prime Minister just visited -- he's a great friend -- but I told him, 'You're not treating us right. You charge us 52%, while for years, decades even, we've c'harged you next to nothing. It wasn't until seven years ago, when I took office, that we started pushing back, beginning with China.'"
Pakistan has halted the construction of contentious canals in Punjab province after India suspended the Indus Waters Treaty following a deadly terrorist attack in Kashmir. The decision to suspend the canals project was made after Prime Minister Shehbaz Sharif met with PPP chairman Bilawal Bhutto-Zardari and agreed to address the concerns of Sindh province, where the project had sparked protests. The canals project, aimed at irrigating the desert region in Punjab, was seen as a threat to water resources in Sindh. Both sides have agreed to seek consensus on the issue in the Council of Common Interests (CCI), a high-powered inter-provincial body. Meanwhile, Pakistan has reiterated the importance of the Indus Water Treaty for its water security and economy, and condemned India's move to suspend it.
When the country has been at war, the Opposition has buried its differences with the government, points out Aditi Phadnis.
Cheaper ripoffs was how China powered its way as an economic superpower but hitherto the tech realm had remained out of bounds. With DeepSeek's AI model the West, it seemed, was about to lose its competitive edge in cutting edge generative AI technology. And this is what is causing deep furrows in the forehead of tech titans in Silicon Valley.
Describing India as a voice of the 'Global South' (comprising about 125 countries), he said the countries of the Global South trust India to take up their cause and positions in the world.
Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted.
'Expect FPIs to continue selling for several months until the rupee stabilises.'
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
All India Football Federation president Kalyan Chaubey said the governing body has been actively working on policies to integrate Overseas Citizens of India (OCI) players into the national team setup.
On India, the chart showed that the country charged 52 per cent tariffs on the US "including currency manipulation and trade barriers," and America will now charge India "discounted reciprocal tariffs" of 26 per cent.
The Ministry of External Affairs (MEA) has asked Indian students in the US to comply with American laws following the detention of a postdoctoral fellow at Georgetown University and the self-deportation of another student to Canada. The MEA spokesperson said that the two Indians did not reach out to Indian missions in the US for assistance. Badar Khan Suri, the postdoctoral fellow, was detained on charges of "actively spreading Hamas propaganda." Ranjani Srinivasan, a student at Columbia University, self-deported to Canada after her visa was revoked for allegedly "advocating for violence and terrorism" and involvement in activities supporting Hamas. The MEA spokesperson also said that India is keen to bolster educational ties with the US.
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any 'specific level or band' of the rupee, which slipped to an all-time low of 87.59 to a US dollar. On Thursday, the rupee plunged 16 paise to close at a record low of 87.59 against the American currency. "I would like to mention here that the Reserve Bank's exchange rate policy has remained consistent over the years.
From the Sensex pack, Bajaj Finserv, Mahindra & Mahindra, Axis Bank, Bajaj Finance, Adani Ports, ICICI Bank, Zomato and UltraTech Cement were among the biggest gainers. However, ITC, Nestle, State Bank of India, Reliance Industries, Asian Paints and Tata Consultancy Services were among the laggards.
Stock markets are expected to be driven by global trends and FPI trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'
Tata Steel was the biggest loser in the Sensex pack, sliding 8.59 per cent, followed by Tata Motors, Larsen & Toubro, Adani Ports, IndusInd Bank, Tech Mahindra, Reliance Industries, Sun Pharmaceutical, HCL Technologies, Tata Consultancy Services, Infosys, and NTPC, were the major laggards. On the other hand, Bajaj Finance, HDFC Bank, Nestle India, ICICI Bank, ITC, Asian Paints and Axis Bank were among the gainers.
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
Chinese Foreign Minister Wang Yi has called on India to implement the consensus reached by Prime Ministers Narendra Modi and Xi Jinping at their summit in Russia, urging a restart of bilateral ties. Wang emphasized the importance of respecting each other's core interests, enhancing mutual trust, handling differences effectively, and bringing the relationship back on track. He suggested practical steps such as resuming flights, easing visa procedures, and planning commemorative activities for the 75th anniversary of diplomatic relations. Wang also highlighted the shared interests and opportunities for cooperation between the two countries, advocating for mutual development and strengthening coordination in international affairs.
'The bull market cycle ran for five years. It's the end of that cycle.' 'The next cycle is a down cycle, and in that down cycle, you will see the Sensex falling from their highs of around 68,000 to maybe 40,000-50,000 at the bottom of the cycle.'
'We have to keep a watch because India-Sri Lanka has a history that whenever there has been a change in government, either the connectivity projects have been questioned or cancelled or revived.'
The government on Wednesday extended the existing foreign trade policy (FTP) for six more months up to September 30 this year due to the Covid-19 pandemic, according to a notification. FTP provides guidelines for enhancing exports to push economic growth and create jobs. On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown.
Among Sensex shares, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Zomato, Nestle, Bajaj Finserv, Maruti and Titan were the biggest gainers. Sun Pharma, Power Grid, Tata Consultancy Services, Tech Mahindra, Asian Paints and Tata Motors were among the laggards.
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
March 31 marked 10 years since the Modi government introduced its first Foreign Trade Policy (FTP 2015-20) that lasted for 8 years before the current FTP 2023 came in. Here is a brief assessment. In 2015, the government said that it aims to increase India's exports of merchandise and services from $465.9 billion in 2013-14 to approximately $900 billion by 2019-20 and to raise India's share in world exports from 2 per cent to 3.5 per cent.
'Expect India to keep doing well irrespective of geopolitics.'
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