Last week, Information Minister Atta Tarar had said that 24-36 hours were important, fearing a possible strike by India. However, the time passed and there was no action by India.
Maruti, IndusInd Bank, Bajaj Finserv, Eternal, Mahindra & Mahindra, Tata Steel, Kotak Mahindra Bank, Titan, HDFC Bank, and NTPC were among the other major gainers. Bharti Airtel and Sun Pharma were the laggards.
The Indian Army has released a booklet on Operation Sindoor, which was launched to avenge the April 22 ghastly Pahalgam attack in which Pakistan-backed terrorists brutally killed 26 civilians, mostly tourists, and left many injured.
The statement came hours after Prime Minister Narendra Modi on Tuesday told the top defence brass that the armed forces have "complete operational freedom" to decide on the mode, targets and timing of India's response to the Pahalgam terror attack, government sources said.
India has revoked all visas issued to Pakistani nationals effective April 27, advised Indian nationals in Pakistan to return home, and suspended visa services to Pakistani nationals. The move comes in retaliation to the Pahalgam terror attack that killed 26 people and alleged cross-border links to the attack. This escalation follows India's previous actions against Pakistan, including expelling Pakistani military attaches, suspending the Indus Water Treaty, and shutting down the Attari land-transit post.
Telecom infrastructure player Indus Towers has been largely ignored by investors with occasional bursts of trading when there's news flow. For example, the stock fell from Rs 188 (Jan 1, 2023) to Rs 135 (Jan 27) and then bounced back to Rs 165 in early February as the Government of India (GoI) converted Vodafone Idea's (Vi) debt into equity and Bharti Airtel pushed up its direct stake in Indus to 47.95 per cent. The cash-strapped Vi holds 21 per cent stake in Indus Towers and Indus also has substantial receivables to come in from Vi which is a negative overhang.
From the Sensex firms, Tata Steel, Eternal, Tech Mahindra, Maruti, Mahindra & Mahindra, Infosys, IndusInd Bank, HCL Tech, Tata Consultancy Services and Bharti Airtel were the major gainers. Telecom operator Bharti Airtel climbed nearly 1 per cent after it posted about a five-fold jump in consolidated net profit to Rs 11,022 crore in the March 2025 quarter, mainly due to the tariff hike impact and one-time gain on tax benefits. However, Asian Paints, Tata Motors, Kotak Mahindra Bank, NTPC and Power Grid were among the laggards.
Benchmark equity indices Sensex and Nifty surged more than 1 per cent on Monday, registering their fifth day of rally on the back of buying in banking and IT shares after encouraging quarterly earnings and foreign fund inflows. The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle above the 79,000 mark at 79,408.50.
Leaders of Pakistan, Turkey and Azerbaijan agreed to strengthen their ties for the mutual benefit of their peoples, as well as for regional peace and prosperity. The understanding was reached at the Pakistan-Turkey-Azerbaijan trilateral summit in Lachin, Azerbaijan, attended by Prime Minister Shehbaz Sharif alongside presidents Recep Tayyip Erdogan and Ilham Aliyev. Azerbaijan announced a USD 2 billion investment in Pakistan's economy. Turkey expressed support for the ceasefire between Pakistan and India and hopes that it evolves into permanent peace.
External affairs ministry spokesperson Randhir Jaiswal said India will keep the IWT in abeyance until Pakistan "credibly and irrevocably" abjures its support for cross-border terrorism.
It is important for India to pay close attention to both the tone and substance of authoritative remarks coming out of Pakistan, explains former foreign secretary Shyam Saran.
Villagers living near the International Border and Line of Control in Jammu are on high alert following the recent terror attack in Pahalgam, preparing underground bunkers and accelerating crop harvesting. The incident has heightened security concerns despite a renewed ceasefire agreement between India and Pakistan in 2021. Residents are demanding swift action against the perpetrators and their handlers.
India shouldn't play Pakistan even at ICC events till terrorism ends: Gambhir
Vice President J D Vance has said that the United States hopes that India will respond to the Pahalgam terrorist attack in a way that does not lead to a 'broader regional conflict' and expects Pakistan to 'cooperate' with New Delhi to 'hunt down' militants sometimes operating from their soil.
Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
Pakistan's Foreign Minister Ishaq Dar has called for a 'composite dialogue' with India to address the contentious issues between the two sides.
Pakistani troops continued unprovoked small arms firing in different sectors along the Line of Control (LoC) in Jammu and Kashmir for the 10th consecutive night, prompting effective retaliation by the Indian army. The ceasefire violations, which started after the April 22 terror attack in Pahalgam, were reported from eight places across five districts in the Union Territory during the intervening night of Saturday and Sunday. Indian Army responded promptly and proportionately to the unprovoked firing, a defence spokesperson said.
'You can be sure that the Pakistanis knew when the Indian Air Force aircraft took off, which type these were, and what their likely targets were.' 'The question was: How would they determine that the IAF wanted to fire, and when to bounce them?', notes Shekhar Gupta.
Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
From the Sensex shares, IndusInd Bank jumped 7.12 per cent. Axis Bank, Adani Ports, Asian Paints, Bharti Airtel, State Bank of India and ITC were also among the gainers. Maruti, Infosys, Tata Motors, Larsen & Toubro, NTPC and Bajaj Finance were among the laggards.
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
Prime Minister Narendra Modi chaired a meeting with top defence officials, including Defence Minister Rajnath Singh, National Security Advisor Ajit Doval and the chiefs of three services, amid India weighing its countermeasures following the Pahalgam terror attack which left at least 26 civilians, mostly tourists, dead. Modi has vowed to pursue the terrorists behind the attack and their patrons, a clear reference to Pakistan, to the "ends of earth" and inflict harshest punishment on them.
The government on Thursday told an all-party meeting that the Pahalgam attack was carried out to vitiate the atmosphere at a time when the economy of Jammu and Kashmir was on the upswing and tourism was booming. Briefing reporters after the meeting chaired by Defence Minister Rajnath Singh, Union minister Kiren Rijiju said all parties said they were with the government and against terror. The party leaders were briefed by Intelligence Bureau (IB) and Union Home Ministry officials on the steps being taken to prevent the recurrence of such incidents, Rijiju said. Home Minister Amit Shah, present in the meeting, interjected wherever required as officials briefed MPs, according to sources. At least 26 people, mostly tourists, were killed and scores injured when terrorists shot them in Pahalgam in Jammu and Kashmir on Tuesday.
Bharti Airtel, ICICI Bank, Eternal, Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance were also among the laggards.
From the 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were among the gainers. Among the laggards, Kotak Mahindra Bank tanked 4.57 per cent
Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took them by surprise. Analysts, on their part, believe investors may, now, wait for actual delivery on slippage decline, potentially limiting near-term upside. "The management has indicated that corporate slippages (from legacy stressed book) have ended and inch up in consumer finance slippages was more one-off, and should meaningfully improve Q4FY24 onwards.
Artificial Intelligence, innovation and next-generation technologies figured prominently during the high-stakes discussion between Prime Minister Narendra Modi and US President Donald Trump at the White House, as the two sides announced transformative measures, including the US-India TRUST initiative, roadmap on accelerating AI infrastructure and INDUS Innovation, to boost tech ties.
For the ninth consecutive night, Indian and Pakistani troops engaged in small arms fire along the Line of Control (LoC) in Jammu and Kashmir, continuing a pattern of heightened border tensions. The skirmishes, initiated by Pakistani troops in violation of the ceasefire agreement, have led to a tense situation along the LoC and International Border (IB). The incidents come in the wake of the April 22 terror attack in Pahalgam, which claimed the lives of 26 people, mostly tourists. Civilians residing near the border have begun preparing their bunkers, anticipating potential escalation. Despite a recent hotline conversation between the Directors General of Military Operations (DGMOs) of India and Pakistan, where India cautioned Pakistan, the ceasefire violations persist.
However, Tata Consultancy Services, Infosys, Tech Mahindra, UltraTech Cement, IndusInd Bank, Hindustan Unilever and ICICI Bank were the gainers.
Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.
Reddy alleged that contracts worth thousands of crores were awarded to people close to Modi, who then purchased Rafale aircraft.
India briefed envoys of the US, UK, France, China, Russia, Germany and several other countries on the Pahalgam terror attack and its link to cross-border terrorism. Foreign Secretary Vikram Misri apprised the diplomats about various aspects of the dastardly terror attack on innocent civilians and India's firm policy of "zero tolerance" against terrorism. The briefing was held a day after India announced a raft of measures against Pakistan including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post. The Cabinet Committee on Security headed by Prime Minister Narendra Modi firmed up the punitive measures against Pakistan in view of the cross-border links to the Pahalgam attack that killed 26 people. Diplomats of Oman, the United Arab Emirates, Qatar, Norway, Italy, Indonesia and Malaysia were also part of the briefing. Prime Minister Narendra Modi vowed to punish terrorists behind the strike and said India's spirit will never be broken by terrorism.
India's Foreign Secretary Vikram Misri said on Thursday that the choice of de-escalation is with Pakistan, as India only responded to the April 22 Pahalgam terror attack, which killed 26 people. He added that Pakistan has been escalating the situation with cross-border terrorism against India for decades.
From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers. Sun Pharma, however, tanked over 5 per cent.
In a post on X, the additional directorate general of public information posted: "Pakistan again violates the Ceasefire Agreement by firing artillery in Bhimber Gali in the Poonch-Rajouri area. Indian Army is responding appropriately in a calibrated manner."
The UN Security Council will hold closed consultations on Monday on the situation between India and Pakistan after Islamabad sought an emergency meeting on the issue. Pakistan, which currently sits as a non-permanent member of the council, requested the meeting in light of rising tensions between the two countries following a terror attack in India. The meeting comes after India's foreign minister spoke with all council members except China and Pakistan, emphasizing the need to bring perpetrators of the attack to justice. The Pakistani envoy has argued that the situation in Jammu and Kashmir poses a threat to regional and international peace and security, justifying the need for a council discussion.
Prime Minister Narendra Modi on Thursday said India will identify, track and punish every terrorist and their backers who were responsible for the attack in Pahalgam "beyond their imagination". Addressing a public gathering in Madhubani, Modi said, "Today, from the soil of Bihar, I say to the whole world that India will identify, track and punish every terrorist and their backers. We will pursue them to the ends of the earth." He added that India's spirit will never be broken by terrorism and that terrorism will not go unpunished. Modi also assured that every effort will be made to ensure that justice is served, saying that the entire nation stands firm in this resolve. He thanked the people of various countries and the leaders who have stood with India in these times. Earlier, Modi and a large crowd gathered for a National Panchayati Raj Day programme observed silence for a few moments to pay homage to the victims of the terror attack in Pahalgam. Bihar Chief Minister Nitish Kumar condemned the terror attack and told the prime minister that the entire nation was united against terrorism.
Pakistan has banned Indian-flagged ships from entering its ports with immediate effect after India imposed fresh punitive measures, including a ban on the import of goods and entry of Pakistani vessels into its ports, against Islamabad amid heightened tensions following the Pahalgam terror attack. The move comes after India announced a raft of punitive measures against Pakistan, including the suspension of the Indus Waters Treaty, shutting down of the only operational land border crossing at Attari, and downgrading of diplomatic ties following the terror attack. The Pakistan Army has also conducted a successful training launch of the Abdali Weapon System, a surface-to-surface missile with a range of 450 km, saying it was aimed at ensuring the operational readiness of troops and validating key technical parameters. India considers the test launch of the ballistic missile a "blatant" act of "provocation."
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