Stock bulls in India, Pakistan anticipate rebound after truce
Foreign investors, who had been on a 16-day buying streak in Indian shares until the clashes flared up Friday, may resume flows as
volatility
subsides. Meanwhile, in Pakistan, the International Monetary Fund's approval of $1 billion in immediate disbursement along with a new $1.4 billion plan for climate resilience will be a booster for its fragile finances.
'Short covering and deployment of idle funds will lead to a spike in broad
markets
on Monday,' said Mumbai-based Abhay Agarwal, chief investment officer at Piper Serica Advisors Pvt. 'The focus should shift back to fundamentals.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
If You Eat Ginger Everyday for 1 Month This is What Happens
Tips and Tricks
ETMarkets.com
Investors had been nervous. India's NSE Nifty 50
Index
slid more than 1% on Friday — its steepest fall in over a month — while the rupee was one of Asia's worst performers last week. Bond yields crept higher as risk premiums widened, although
debt
purchases by the Reserve
Bank
of India helped limit the declines. Pakistan's key stock index is down 9% since the April 22 attack in Kashmir, which prompted India to retaliate.
India's bonds and foreign currency markets are closed on Monday for a public holiday.
With the immediate geopolitical risks easing, investors are expected to pivot to positive signals in India, including hopes for an early US trade deal, ample liquidity, and expected rate cuts by the RBI. In Pakistan, traders anticipate a relief rally, as border tensions overshadowed a surprise interest-rate cut by the State Bank of Pakistan and prospects for additional IMF funding.
Live Events
'Assuming nothing changes from today onward, I see the Pakistan
stock market
hitting a 5% upper circuit,' said Mohammed Sohail, chief executive at Karachi-based Topline Securities Ltd.
Still, the threat of renewed tensions remains, as India has yet to lift its abeyance on the Indus Water Treaty — a move that could harm a large part of Pakistan's farm output. Meanwhile, a top Indian diplomat said that Pakistan violated the truce just hours after it was declared, a claim Pakistan has denied.
'There is still some uncertainty around the pause in fighting and the language from both sides will be important to monitor going ahead,' said Tejas Shah, head of
derivatives
trading at Equirus Securities. 'I don't think we will see a 4-5% move in the Indian market Monday. If we do, some investors will come in to book profit.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
Varanasi set to get its first urban township near int'l cricket stadium
1 2 Varanasi: The first planned urban township project for Varanasi will be developed over 150 acres in the vicinity of the international cricket stadium at Ganjari. Varanasi Development Authority approved the project at its 133rd board meeting, on Monday evening. Authority's secretary Ved Prakash Mishra tabled the compliance report of decisions taken in previous meetings, progress report for financial year 2024-25 and new proposals in the presence of divisional commissioner and VDA chairman S Rajalingam, vice chairman Pulkit Garg, district magistrate Satyendra Kumar and board members. No other major township projects were tabled in this board meeting. On Sep 23, 2023, Prime Minister Narendra Modi laid foundation of the international cricket stadium at Ganjari in a star-studded show. The stadium is being built on 30.66 acres at a cost of Rs 451 crore. The under-construction cricket stadium will have a seating capacity of 30,000 spectators. The stadium project will be completed by the end of the year and is likely to open with an international cricket match in the VDA board meeting, a new record room with capacity of approximately 80,000 files, built at a cost of Rs 36 lakh, was inaugurated. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Tìm hiểu thêm Undo With this expansion, total record storage capacity reached 2,55,266 files. Files up to year 2005 were scanned and preserved digitally. Files post-2005 will be barcoded/scanned and stored securely in the new record room equipped with modern facilities. The board also inaugurated VDA's Citizen app and complaint management system portal, a simple and user-friendly mobile platform that allows citizens to register their complaints with just a few taps—anytime, anywhere. During the board meeting, approvals were granted for proposal to construct a main access road between Transport Nagar Scheme and National Highway-2 (NH-2). RITES Ltd was contracted as expert agency for DPR, design, drawing, project management and construction supervision and third-party quality surveillance consultant for implementation of VDA's construction projects. Additionally, amendments to the Building Construction and Development Bylaws-2008 (as amended) were approved in relation to implementing reforms described in the guidelines of govt of India's scheme for special assistance to state for capital investment 2024-25.
Time of India
27 minutes ago
- Time of India
14 acres of Gadag MGRDPR University turn into green oasis
Hubballi: SBI Foundation has developed 14 acres at Mahatma Gandhi Rural Development and Panchayat Raj (MGRDPR) University campus in Nagavi, Gadag. The hilly space, which was filled with bushes, has turned into a green farm with more than 19,000 saplings, thanks to SBI Jan-Van project. Dr Suresh V Nadagoudar, registrar and (acting) vice-chancellor of the varsity, told TOI that the SBI Foundation exclusively selected MGRDPR University from the entire Karnataka to implement the SBI Jan-Van project. "This initiative, launched in collaboration with Sankalpa Rural Development Society (SRDS), is a step toward environmental conservation. This mini forest has become an excellent spot for the leisure of the people of Gadag. It also offers our students a rare opportunity to experience and connect with the environment. With a dedicated water supply, greenery, and cleanliness, a pure and sustainable ecosystem has been created here," he said. The forest has a check dam, open gym, meeting space, borewells and recharge units, trenches, gully plugs, solar lights and benches. A wide variety of trees, including Banyan, Neem, Tamarind, Simarouba, Teak, Tabebuia, Bengali, Indian Ash, Guava, Custard Apple, Jamun, Peepal, Fig, and Honge (Pongamia), have been planted here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Sanjay Prakash, managing director, SBI Foundation, Mumbai, said their Jan-Van plantation and 'Gram Saksham' watershed development work in Gadag district have helped in increasing the greenery and improving groundwater levels. The collaborative work from SBI Foundation, Sankalpa, MGRDPRU and the gram panchayats stands as a testament to how collective efforts can bring gradual impact on the ground," he commented. Sikandar Meeranayak, CEO, SRDS, Gadag, said to ensure water supply during the summer and prevent scarcity, 20-25 water tankers are brought in every month to water the plants. "This has resulted in the healthy, well-nourished growth of plants. The open meeting space is available for small gatherings and cultural programmes. Roofing sheets and curtains have been installed around the area. As a preventive measure against borewell depletion in the future, the Twin Ring Recharge Method (a technique for recharging borewells by capturing rainwater and directing it into the ground through a filtration system using cement rings) has been implemented," he said.
Time of India
28 minutes ago
- Time of India
Plans for inclusive, accessible bldgs in AP
1 2 Visakhapatnam: In a landmark step toward transforming India's built environment into inclusive and accessible spaces for all, Andhra Pradesh MedTech Zone (AMTZ) is hosting a high-level national consultation to develop the country's first purple building certification scheme — a dedicated accessibility rating system for buildings. On June 11–12, more than 50 leading national experts in accessibility, disability rights, architecture, and urban planning with get together at the AMTZ campus in Visakhapatnam to deliberate and finalise the framework. The certification is aimed at ensuring that public and private buildings across India are designed and operated in ways that are truly accessible for persons with disabilities, senior citizens, pregnant women, and all users with mobility and sensory needs. The purple building certification scheme is being designed as a structured, scalable tool that will assess buildings based on universal design principles. It will include detailed checklists, tiered ratings (basic to excellence), and measurable benchmarks covering entrances, ramps, signage, washrooms, elevators, pathways, and digital accessibility. "Accessibility should not be seen as an exception, but as the foundation of every building in a truly inclusive nation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Düsseldorf: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo With the purple building certification, AMTZ is proud to lead a national movement that redefines how India builds—ensuring dignity, safety, and equal access for all including Divyangjans," shared Dr Jitendra Sharma, MD & founder CEO of AMTZ. It may be noted that in the two-day meeting, three expert committees come together to build a national standard for accessibility. Once adopted, purple certification will serve as a voluntary yet widely recognised benchmark for schools, hospitals, shopping complexes, corporate offices, and even housing societies. AMTZ's role goes beyond certification. It is already a national partner in the ongoing Sugamya Delhi Abhiyan, which is a people-led campaign spearheaded by Inclusive Divyangjan Entrepreneurs Association (IDEA) and now supported by Delhi govt. The scheme is envisioned as a core tool within that campaign to institutionalise accessibility across public spaces.
