&w=3840&q=100)
Nomura forecasts India's GDP growth to slide from 6.5% to 6.2% in FY26
In a research report, Nomura said there is a divergence between the growth in GST collections and across other high-frequency growth indicators like auto sales and bank credit growth
India's real GDP growth in FY26 will slide further to 6.2 per cent in FY26 from 6.5 per cent in FY25, a Japanese brokerage said on Monday.
In a research report, Nomura said there is a "divergence" between the growth in GST collections and across other high-frequency growth indicators like auto sales and bank credit growth.
As per the official data released last week, the real GDP growth came down to 6.5 per cent in FY25 from 9.2 per cent in FY24.
The RBI sees growth sustaining at 6.5 per cent, the official data showed.
"Our baseline view assumes GDP growth moderates to 6.2 per cent in FY26 from 6.5 per cent in FY25," Nomura said in its report.
The Japanese brokerage revised its March 2026 Nifty target to 26,140 points, up from the previous level of 24,970 points, on the macroeconomic trends and also sought to temper concerns on valuations.
"The Indian equity markets have been resilient in the recent past despite corporate earnings estimate cuts and global uncertainties," Nomura said.
"We think positive domestic macros, as reflected in the significant fall in yields and the relatively lower beta of Indian equities underpinned by consistent domestic flows, are supporting market valuation," the report said.
American brokerage peer Bofa Securities, however, made a cautious note about equity market valuations and said that they seem to be "full" in the near term.
The brokerage, however, said it expects India to continue being the top country to deliver a high number of stock compounders and pointed out nine structural themes aiding it, including rapid infrastructure creation, productivity gains, digitisation and financialisation.
Nomura said it prefers domestic-focused sectors against exporters given the global uncertainties, and also expects the investment cycle to get delayed because of the global uncertainties.
Consumption stocks have underperformed during the market correction since the peak in September 2024, it said, adding that the current macro environment marked by low inflation, interest rate cuts and income tax cuts presents tailwinds to consumption.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
Rashmika Mandanna, Deepika Padukone among India's top celebrity investors in Candere Hurun list
Indian film stars are no longer just the face of brands, they are increasingly becoming the force behind them. The 2025 Candere Hurun India Women Leaders List has spotlighted a new wave of Bollywood women, including Rashmika Mandanna and Deepika Padukone, who are turning their massive digital influence into strategic startup investments, signalling a significant shift in India's consumer and entrepreneurial landscape. Unveiled on Wednesday, the list — curated by Candere and Hurun India — honours 97 women across nine categories including wealth creation, philanthropy, sports, and arts. One of the standout segments is the 'Most Followed Celebrity Investors' list, which ranks women stars based on their Instagram following and investment activity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Rashmika Mandanna, with 46.1 million followers, is the youngest celebrity investor in the top 10. She has invested in clean beauty and personal care brand Plum, a move that aligns her image with ethical and eco-conscious consumerism. Deepika Padukone, ranked fifth with 80.2 million followers, has co-founded skincare brand 82°E and production house KA Productions, focusing her entrepreneurial energy on wellness and content creation. 'The 2025 Candere Hurun India Women Leaders List recognises ten of the most influential women who have redefined stardom through a blend of creativity, entrepreneurship, and massive digital presence,' the Hurun Research Institute said in the report. 'These women have entertained millions and turned their fame into powerful ventures, launching beauty lines, fashion brands, and production houses.' Other prominent names on the list include Priyanka Chopra, who commands 92.4 million Instagram followers and has co-founded Purple Pebble Pictures and Anomaly Haircare, expanding her presence across entertainment and sustainable beauty. Alia Bhatt, with 86.3 million followers, is the founder of Ed-a-Mamma, a sustainable clothing brand for children. Live Events Katrina Kaif, who has 80.3 million followers, co-founded the widely popular makeup label Kay Beauty. Anushka Sharma, followed by 69.1 million users, has launched both the fashion label Nush and the production house Clean Slate Filmz. Disha Patani, with 61.3 million followers, has invested in South Indian snack brand V.S. Mani & Co. Kriti Sanon, who has a follower base of 58.5 million, is the co-founder of Hyphen, a fashion-meets-sustainability brand. Sara Ali Khan, with 45.5 million followers, has invested in The Souled Store, a youth lifestyle brand. 'This is the beginning of a movement,' said Sanjay Raghuraman, Managing Director at Candere. 'Together with Hurun India, we envision this platform evolving into a dynamic community of changemakers — a collective of India's most inspiring women leaders.' Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, noted, 'Indian women are no longer waiting to lead — they are driving India's economic, social, and cultural renaissance.' As celebrity capital matures in India, these women are not merely endorsing brands but are actively shaping their trajectory, taking board seats, launching founder-led ventures, and building equity-driven partnerships. With Rashmika Mandanna, Deepika Padukone, and others at the helm, the convergence of influence, innovation, and investment is redefining what leadership looks like in the age of digital entrepreneurship. Also read | Rs 43,000 crore selloff by promoters! Insider exits flash warning sign for Nifty bulls
Business Standard
33 minutes ago
- Business Standard
Radico Khaitan jumps 11% in seven days
Radico Khaitan rallied 1.54% to Rs 2,710.95, extending gains for the seventh consecutive trading session. Shares of Radico Khaitan surged 11.07% in seven trading sessions from its recent closing low of Rs 2,440.65 on 26 May 2025. The stock hit a 52-week high of Rs 2,790 today. The counter has soared 89.72% from its 52-week low of Rs 1,428.95 hit on 26 May 2024. On the BSE, 0.46 lakh shares have been traded so far, compared with average daily volumes of 0.11 lakh shares in the past two weeks. The stock had outperformed the market over the past month, rising 7.02% as against the Sensex's 0.24% rise. The scrip had outperformed the market in the past three months, jumping 28.76% as against a 9.85% rise in Sensex. The counter had also outperformed the market in the past year, soaring 72.47% as against Sensex's 12.37% increase. On the technical front, the stock's daily RSI (relative strength index) stood at 69.584. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 2,452.52, 2,318.75, and 2,268.44, respectively. These levels will act as crucial support zones in the near term. Radico Khaitan is among the oldest and one of the largest manufacturers of Indian-made foreign liquor (IMFL) in India. It is one of the few companies in India to have developed its entire brand portfolio organically. The company's standalone net profit jumped 59.76% to Rs 90.71 crore on a 20.9% rise in net sales to Rs 1,304.08 crore in Q4 FY25 over Q4 FY24.
Hindustan Times
35 minutes ago
- Hindustan Times
Andy Flower took RCB job because an empty trophy cabinet ‘excited' him; now, he walks the talk with champion's medal
Over a year ago, when Andy Flower became head coach of Royal Challengers Bengaluru, the team was still striving to overcome years of missed opportunities. The women's team had just lifted their maiden Women's Premier League title under Smriti Mandhana. However, rather than being under heightened pressure to deliver, Flower relished the challenge, indicating that it was among the major reasons he signed up for the role in the first place. 'It is one of the main reasons I wanted to take this job,' he told Hindustan TImes last year. 'It gives me a very exciting opportunity to see if we can do something special with RCB.' Flower was locked in on the title even before his RCB debut as head coach. And one year on, he delivered. For a team synonymous with near-misses, flamboyant stars, and a 'Royally Loyal' fanbase – as Virat Kohli called them after the title win – Flower's arrival marked the beginning of a fundamental shift. Not just in results, but in the ethos of how RCB built and played their cricket. One of the words Flower repeatedly used during his interaction with this publication was 'simplifying' the process. Whether it be on the field, or off it. And after the 2024 season, he put that philosophy into action, starting anew and transforming the approach from the ground up. RCB had long operated by banking on familiar names and legacy reputations, a pitfall the franchise had historically succumbed to. During the mid-2010s, the Virat Kohli-AB de Villiers-Chris Gayle trio defined RCB's brand – dazzling, star-studded, but flawed. The team was too top-heavy, often lacking depth in bowling and flexibility in tactics. Under Flower, the 2025 auction signalled a clean break from that template. Despite Indian heavyweights like Rishabh Pant, KL Rahul, and Shreyas Iyer being up for grabs, RCB resisted the temptation. Instead, they built a squad around role clarity, targeting versatile, experienced, and rather unglamorous names who fit the team's strategic needs. "The opportunity of winning a tournament is right there in front of us, but my personal view of taking on a challenge like that is always simplifying the route,' Flower told this publication. They invested in an Indian core of Krunal Pandya, Jitesh Sharma, Bhuvneshwar Kumar, and Suyash Sharma, and put their faith in overseas players like Phil Salt, Josh Hazlewood, Tim David, and Romario Shepherd. Most of these weren't headline-making buys, but they were handpicked with a clear thought process. Each of them played defining roles at various stages of RCB's victorious campaign. 'I thought we did beautifully in picking a very balanced squad, knowing what sort of players we want and which player would fit in which role. As we were picking the team, we used to put players in certain roles and see how they fit,' Dinesh Karthik, the side's mentor, had said about the squad. RCB left many in shock when they let go of Will Jacks at the auction. It was a gutsy move, but Phil Salt repaid the faith with a string of explosive starts. The backroom team's approach also extended beyond auction-day calls. When Devdutt Padikkal was ruled out due to injury, the management opted for Mayank Agarwal, a seasoned campaigner with recent domestic form. Agarwal's 41* in a crucial chase against LSG, alongside Jitesh Sharma's whirlwind 85*, vindicated RCB's decision. In the final, almost every batter in RCB's lineup played a stop-start knock, with Mayank also contributing with an important 24. Even off the field, the environment Flower sought to create was deliberate. As Bobat explained, "For Andy and I, creating a sort of environment where people feel safe, where they feel backed, where they feel like they're accountable for their own decisions, and where they're able to hopefully showcase their strengths – that's the key bit," said Bobat. One of the boldest moves RCB made this season was handing the captaincy reins to Rajat Patidar. The decision raised eyebrows, as the franchise handed the captaincy to a player with no significant leadership pedigree at this level. But it worked. Patidar grew into the role, commanding respect through consistency and calmness. Flower and Bobat were careful in assembling a group that didn't revolve around one or two leaders. That reflected in the side's performances, too, with almost every game seeing different players emerging to lift RCB to victories. The result was a team that did not panic. Whether it was bouncing back from early defeats, surviving close chases, or defending tight totals, RCB this season never looked rattled. Their bowling unit, once seen as a liability in the previous seasons, held its nerve in crunch moments. Bhuvneshwar and Hazlewood brought control with the new ball, while Krunal and Shepherd proved valuable as utility players. In the final against Punjab Kings, RCB defended 191 with a performance that mirrored the very philosophy Flower had instilled. Calm, clinical, unflinching. In many ways, this wasn't just RCB's title. It was Andy Flower's vindication. A reminder that behind every trophy is a system: a mix of right people, right roles, and the right temperament. What made this triumph even sweeter was how it looped back to Flower's initial words, when he confidently declared that joining a side with no IPL title is an 'exciting' prospect. That hunger to chase the unfinished made all the difference.
