Gaurav Bansal

[ad_1] Defence sector-based Exchange-Traded Funds (ETFs) have seen impressive growth, with returns up to 7% in the past two weeks, fueled by heightened India-Pakistan tensions. This surge comes amid increased investor interest in defence stocks, which are typically considered resilient during periods of geopolitical instability.Groww Nifty India Defence ETF and Motilal Oswal Nifty India Defence ETF both delivered solid returns of 6.73% and 6.74%, respectively, during the period. Meanwhile, Groww Nifty India Defence ETF Fund of Funds (FoF) outpaced them with a gain of 7.10% in the same timeframe, according to an ET report.These ETFs are benchmarked against the Nifty India Defence TRI, which recorded a 6.75% increase over the same period. The uptick in returns follows reports that the Indian government is meeting with defence manufacturers next week, sparking optimism around military procurement and defence sector growth.In the past […]

[ad_1] Bank holiday on Buddha Purnima: Banks will remain shut in multiple parts of India today, May 12, on the occasion of Buddha Purnima, according to the Reserve Bank of India’s calendar.This closure applies to cities and states including Agartala, Aizawl, Belapur, Bhopal, Dehradun, Imphal, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, Srinagar.Banks also remained closed over the weekend on 10 and 11 May. Regular operations will resume from Tuesday, May 13 in these states.All public and private sector banks in these regions will have over-the-counter services, such as cash deposits, cheque clearances, and account-related transactions, shut for the day. However, customers can still access essential services through digital platforms.Internet banking, mobile apps, and ATMs will function as usual, allowing users to carry out fund transfers, bill payments, and cash withdrawals without disruption.Here is a list […]

[ad_1] India has gained the top spot for both manufacturing and services activity globally, according to JP Morgan's latest purchasing Managers’ Index (PMI) report for April 2025.The manufacturing PMI stood at a strong 58.2, with an even higher services PMI even higher at 58.7, pulling the strongest readings across both developed and emerging markets.PMI trends globallyIndia, ranked the highest among both the developed and emerging economies, with PMI figures suggesting that the economy is expanding at a healthy and consistent pace, reflecting strong business optimism, domestic demand and overall economic growth.In contrast, China lagged behind with a manufacturing PMI of 50.4 tracked by Markit and 49, as per NBS. In the services sector too, the Asian giant stood at 50.7 as per Markit and 50.1 by the national bureau of statics. Though the figures are healthy, the country lags far […]

[ad_1] The temporary suspension of operations, was earlier supposed to last until 05:29 hours of May 15. (AI image) India-Pakistan ceasefire impact on air travel: The government has decided to lift the Notices to Airmen (NOTAMs) for several airports across north and north-western India that had been temporarily closed for civilian flights till May 15.The decision was taken following the India-Pakistan ceasefire that was announced over the weekend.On Monday morning, the Airports Authority of India, which manages air navigation services, revoked the NOTAM (Notice to Airmen) that had mandated the temporary suspension of civilian flights to these facilities until May 15. At present, commercial airlines have not resumed operations to these airports."Attention Flyers; reference notice issued for temporary closure of 32 Airports for civil Aircraft operations till 05:29 hrs of 15 May 2025.It is informed that these Airports are now […]

[ad_1] Trading at Pakistan's stock exchange was suspended for an hour after the KSE-100 share index surged by 8.84% during early trading hours. (AI image) India-Pakistan ceasefire impact: The Pakistan stock market's key indicator, the Karachi 100 (KSE 100) index, surged by more than 9% as trading commenced on Monday, following the Pakistani military's weekend call seeking a ceasefire with India, after Pakistan sustained significant damage to its air bases.The KSE 100 saw a remarkable surge, climbing over 9% to reach 117,104 points, building upon Friday's 3.5% gain. Earlier, Pakistani equities experienced significant pressure, with trading suspended for an hour on Thursday after the main index plummeted 7.2%, sparked by panic in response to India's Operation Sindoor.Trading at Pakistan's stock exchange was suspended for an hour after the KSE-100 share index surged by 8.84% during early trading hours.The trading halt […]

[ad_1] Gold prices remained volatile throughout last week, influenced by a mix of economic signals. (AI image) Gold price prediction today: What’s the outlook for goldprices in the week starting May 12, 2025? Gold prices have experienced recent declines following their historic peak levels. Investors interested in gold should monitor international indicators and develop appropriate investment approaches.It is essential to understand the factors influencing gold prices and formulate suitable trading decisions based on market conditions. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd explains:Gold prices remained volatile throughout last week, influenced by a mix of economic signals, geopolitical tensions, and trade-related developments. The Federal Reserve held interest rates steady but warned of rising inflation and labor market risks, casting uncertainty over the U.S. economic outlook. Fed Chair Jerome Powell struck a cautious tone, offering no clear […]

[ad_1] Stocks across Asia surged on Monday as investors' sentiments were boosted by signs of easing tensions between the United States and China after a weekend of high-level trade talks.Benchmark indexes in Japan and South Korea edged higher in early morning trading, while US futures pointed to a strong start on Wall Street, with the S&P 500 expected to open more than 1% higher.The Shanghai Index was trading at 3,359.52, up 17.52 points or 0.52%. Japan’s Nikkei rose 16.47 points or 0.04% to 37,519.8, while Hong Kong’s Hang Seng Index gained 203.88 points or 0.89% to reach 23,071.62, at 8.41 am.The boost came after meetings between US and Chinese officials in Geneva concluded on Sunday with what both sides described as meaningful progress. US treasury secretary Scott Bessent said “substantial progress” had been made, while China's vice premier He Lifeng […]

[ad_1] Nomura has maintained its buy rating on CG Powerbut has cut the target price to Rs 825 from Rs 900 earlier. Analysts said that while the company beat analysts’ estimates on inflows, its railway business dragged down its margin. They feel demand tailwinds are intact for power systems.However, the company is gaining market share in value-added industrial system products.Citigroup maintained its sell rating on PNB with the target price at Rs 91. Analysts said the lender breached the 1% return on assets rate while its quarterly profit was aided by treasury gains, recoveries. They also pointed out that PNB’s net interest slipped during the quarter and slippages were higher. For FY26 credit growth guidance is at 11-12% and deposits at 9-10%.Citi maintained its buy rating on HPCL with the target price raised to Rs 510 from Rs 460. Analysts […]

[ad_1] Saudi Arabia's oil giant, Aramco, has reported a 4.6% decline in its first-quarter profits, weighed down by falling global oil prices, which have pressurised the country's ambitious multi-trillion-dollar development plans.The company posted $26 billion in net profit for the quarter ending March against the $27.2 billion earned during the same period last year. However, the company’s revenue stood at $108.1 billion, marginally higher than last year’s $107.2 billion.“Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices,” Aramco president and CEO Amin H Nasser said.The results were released in a stock exchange filing on Riyadh’s Tadawul market on Sunday.Aramco’s shares were trading above $6 on Thursday, down from about $8 last year, following a steady decline over the past year as oil prices have fallen. Only a small portion of Aramco […]

[ad_1] Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms."So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha said.He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence."We […]