Eternal was the biggest gainer in the Sensex pack, jumping 4.50 per cent, followed by Power Grid, ICICI Bank, Reliance Industries, UltraTech Cement, Adani Ports, Sun Pharma, ITC and Hindustan Unilever were also among the winners. In contrast, IndusInd Bank, Axis Bank, Bajaj Finserv and Bajaj Finance were among the laggards.
These are 'hidden champions' of strategic research and innovation. They are worthy of emulation within Indian industry, and maybe even a Padma!, notes R Gopalakrishnan.
'Trump's sons, and the son of Trump's Mideast envoy Steven Witkoff, are in the crypto business and recently signed deals with Pakistan's crypto council.' 'It may not be coincidental that not long before the Trump-Munir meeting, the head of Pakistan's crypto council met with Trump's White House crypto policy czar.'
Sensex sinks 573 pts on global tensions and high crude prices
From the Sensex firms, Eternal climbed 3.32 per cent. Bharti Airtel, IndusInd Bank, Tech Mahindra, Reliance Industries, Tata Motors, HDFC Bank, Tata Steel and Hindustan Unilever were the other major gainers. However, Bajaj Finserv, Axis Bank, Tata Consultancy Services, Titan and Larsen & Toubro were among the laggards.
China on Tuesday called for a 'comprehensive and lasting ceasefire' between India and Pakistan, urging both countries to properly handle their differences through dialogue.
India has closed its airspace to flights operated by Pakistani airlines in a retaliatory move following the Pahalgam terror attack. The ban will be in effect until May 23 and applies to all aircraft registered in Pakistan, as well as planes operated, owned or leased by Pakistani airlines and operators. This comes a week after Pakistan closed its airspace to Indian carriers. The move is part of various measures taken by the Indian government against Pakistan in the wake of the Pahalgam terror attack that killed 26 people.
Former Pakistan foreign minister Bilawal Bhutto had acknowledged his country's tango with terror operatives, saying that Pakistan has a past.
It was said that Sharif wanted the PML-N-led coalition government to utilise all available diplomatic resources to restore peace between the two nuclear-armed states, saying he was not keen on taking an aggressive position, The Express Tribune reported.
IndusInd Bank, Nestle, UltraTech Cement, Mahindra & Mahindra, Power Grid, Asian Paints, Sun Pharma and Tech Mahindra were also among the laggards. Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech were among the gainers.
The CCS meet was held at the prime minister's Lok Kalyan Marg residence, a day after he held a meeting with the top military brass and accorded operational freedom to the armed forces on the "mode, targets and timing" of India's response to the April 22 attack that killed 26 people.
The Pakistani military fired unprovoked shots across the Line of Control (LoC) in Kashmir for a second consecutive night, triggering retaliatory action from Indian troops. This escalation follows heightened tension between India and Pakistan after the Pahalgam terror attack that killed 26 civilians. Despite the exchange of fire, no casualties were reported. India has imposed a series of punitive measures in response to the attack, including the suspension of the Indus Waters Treaty and closing the Attari land-border crossing. Pakistan has responded in kind, closing its airspace to Indian airlines and suspending trade with India.
From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards. IndusInd Bank, Bharti Airtel and UltraTech Cement were the gainers.
Amid liquidity tightness in the banking system, certificate of deposit (CD) rates topped 8 per cent for some smaller banks, with rates remaining on the higher side for derivatives loss-hit IndusInd Bank. On Thursday, CSB Bank raised Rs 100 crore via one-year CDs at 8.5 per cent, while Utkarsh Small Finance Bank issued three-month CDs at 8.05 per cent to raise Rs 50 crore.
The firing exchanges are taking places in five districts out of seven border districts of Jammu and Kashmir. So far, there has been no firing reports along International Border in Samba and Kathua districts.
Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards. Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers.
Pakistani troops continued to violate the ceasefire along the Line of Control (LoC) by resorting to unprovoked firing in Jammu and Kashmir's Poonch and Kupwara districts, army officials said. This was the fourth consecutive night that Pakistan resorted to unprovoked firing along the LoC and came amid heightened tension between New Delhi and Islamabad following last week's terror attack in Pahalgam. Indian troops responded swiftly and effectively.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
This marked the sixth consecutive night of ceasefire violations by Pakistan along the LoC, amidst heightened tensions between New Delhi and Islamabad following a recent terror attack in Pahalgam on April 22.
India needs to be technologically and militarily prepared to defend itself from both Pakistan and China, alerts Ramesh Menon.
China hopes both sides will remain restrained, move toward each other, and work together to de-escalate the situation.
India's measures announced against Pakistan on April 23 will remain effective, the sources said.
The meeting under the chairmanship of Prime Minister Narendra Modi has been convened at 11 am on Wednesday.
Pakistan is holding a high-level security meeting to formulate a response to India's suspension of the Indus Water Treaty and downgrading of diplomatic ties. The meeting, convened by Prime Minister Shehbaz Sharif, will include the National Security Committee, three services chiefs, and key ministers. The move comes after India blamed Pakistan for a terror attack in Pahalgam, which Pakistan has denied. Diplomatic observers warn that the escalation could further strain relations between the two countries.
Union Home Minister Amit Shah said on Sunday that indigenously developed BrahMos missiles destroyed Pakistani air bases while its air defence system, borrowed from China, remained unused, during Operation Sindoor, which exposed its lies on terrorism to the world.
Benchmark stock indices Sensex and Nifty rebounded on Thursday after two days of decline, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02.
Among Sensex firms, Bajaj Finserv, Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finance, NTPC, Nestle, Tata Motors, Hindustan Unilever and Mahindra & Mahindra were the biggest gainers. IndusInd Bank, Kotak Mahindra Bank, Power Grid and ITC were among the laggards.
The Bharatiya Janata Party on Wednesday slammed Rahul Gandhi for his 'surrender' barb at Prime Minister Narendra Modi, saying it is not only a grave insult to the armed forces and country but also no less than treason.
Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar has warned India of a strong response, saying Pakistan will respond to a "brick with a stone" if India takes any action against Pakistan, amid heightened tensions following the April 22 terror attack in Jammu and Kashmir's Pahalgam. Dar alleged that India might have staged the Pahalgam attack to abolish the Indus Waters Treaty (IWT) and warned that any attempt by India to interfere with the treaty would be considered an act of war. He also said that Pakistan had no involvement in the Pahalgam incident and is getting support from countries like Saudi Arabia, China, the United Arab Emirates, the United Kingdom, Kuwait, Bahrain, and Hungary.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
The exchange of fire occurred even though the directors general of military operations of India and Pakistan spoke over the hotline on Tuesday amid rising tensions between the two countries over the Pahalgam terror attack on April 22.
India has warned Pakistan against its unprovoked firings along the Line of Control (LoC) in Jammu and Kashmir as the directors general of military operations of the two armies spoke on the hotline amid the escalating tensions over the Pahalgam terror attack.
Tensions between India and Pakistan are escalating following last week's dastardly terror attack in Pahalgam that claimed 26 lives.
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
Pakistan's ambassador to Russia, Muhammad Khalid Jamali, has warned that Pakistan will respond with "full spectrum of force", including nuclear, if it is attacked or its vital water flow is disrupted. The warning comes amid heightened tensions between Pakistan and India following a terrorist attack in Jammu and Kashmir. Jamali also reiterated Pakistan's stance on the Indus Water Treaty, saying any attempt to stop or divert water flow would be considered an act of war. He urged de-escalation, emphasizing the potential danger given both countries possess nuclear weapons. Jamali further called for a neutral investigation into the Kashmir attack, suggesting the involvement of China and Russia. He also highlighted the need to address the root causes of the conflict, pointing to the unresolved Kashmir issue and its potential for resentment.
Pakistan troops have violated the ceasefire agreement for the 11th consecutive night, firing on Indian posts along the Line of Control (LoC) in Jammu and Kashmir. The firing began in Kupwara and Baramulla districts and spread to other sectors, including Poonch, Rajouri, Mendhar, Naushera, Sunderbani, and Akhnoor. The Indian Army responded promptly and proportionately. The ceasefire violation comes despite a recent phone call between the Directors General of Military Operations (DGMOs) of India and Pakistan on April 29. This marks the latest escalation of tensions between the two countries, following a terror attack in Pahalgam in April.
The Indian government has revoked 14 categories of visas for Pakistani nationals, including business, conference, visitor, and pilgrim visas, following the terror attack in Pahalgam, Jammu and Kashmir. The decision was made after a Cabinet Committee on Security meeting, and the Home Minister has instructed state governments to ensure that all Pakistani nationals leave India by the set deadlines. The order does not apply to Long Term Visas (LTVs) and diplomatic and official visas issued to Pakistani nationals.
India has suspended the Indus Waters Treaty with Pakistan, citing sustained cross-border terrorism and security concerns. The treaty, brokered by the World Bank in 1960, governs the distribution and use of the Indus river and its tributaries between the two countries. India's decision follows a recent terror attack in Jammu and Kashmir, and has been met with strong condemnation from Pakistan.
UN Secretary-General Antonio Guterres has called for maximum restraint between India and Pakistan following a deadly terror attack in Jammu and Kashmir. Guterres' spokesperson, Stephane Dujarric, said that the UN chief is following the situation "very closely and with very great concern." Dujarric also stated that any issues between the two countries "can and should be resolved peacefully, through meaningful, mutual engagement." India has downgraded diplomatic ties with Pakistan and announced a raft of measures, including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post in view of the cross-border links to the terror attack.
The visuals show the BrahMos anti-ship and anti-surface cruise missiles being launched from a fleet of warships, including Kolkata-class destroyers and Nilgiri and Krivak-class frigates, reaffirming the Navys operational prowess.
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