
Diplomacy, Economy, Narrative: India Steps Up Pressure On Pakistan Off The Battlefield
Even as the cabinet meeting was on, government sources released some statistics to show that most countries in the world are as affected by Pakistan stoked terror as India is.
India is making sure Pakistan pays for the Pahalgam terror attack, and not just by using military might this time. Sources say that the government's plan is to ensure that the isolation of Pakistan is complete.
Diplomatic Strike
First, the diplomatic strike. Even as the cabinet meeting was on, government sources released some statistics to show that most countries in the world are as affected by Pakistan stoked terror as India is. 'Pakistan stokes terror" is the big word. As per the date released, it tells the world that none of them have been spared by Pakistan. UK, the 2005 London bombings, Iran, Moscow Concert Hall attack in 2024, are some instances. As part of this diplomatic strategy, India is dialling world leaders to seek their support for any action plan. It's important that India isolates Pakistan and shows it as a rogue nation, sending out a message that no one should be ready to do business with it. But more importantly, in case of military action, India would expect the world to be with it.
Military Might
These are trade secrets but India has made it very clear that it has the prowess to take on Pakistan. That's why Prime Minister Narendra Modi has been meeting the Chief Of Defence Staff, Armed Forces chiefs and Defence Minister Rajnath Singh. The aim is to make it clear to Pakistan that India means business and action would come soon.
Behind the scenes, India has been negotiating with countries like Israel, US, France for equipment to embolden its military resources. Interestingly, when the PM sent the word that armed forces would decide the time and scale of operations, it was also a message to the world that India is not like Pakistan where the Army calls the shots and that we are a democracy.
This is one of the most potent strikes on Pakistan. The Indus Water Treaty being suspended has hurt Pakistan already in terms of its agriculture and water supply. Pakistan is facing food inflation and shortage. In the past one year, India-Pakistan trade has increased four times but it has been tilted in favour of India, being export surplus. India exports life-saving drugs, pharma, feritilsers and sugar. This being scrapped as well as e-commerce will hit Pakistan hard. Not just this, third party routes like Dubai, too, are being monitored to ensure that Pakistan doesn't export or trade through these routes.
Information War
Several actions have been taken against Pakistan-supporting YouTubers and social media handles. India's advisory is clear, that rules of restraint and credibility which apply to India's channels, apply to them as well. Apart from this, videos of past and present terror attacks stoked by Pakistan are also being curated to spread the word that Pakistan is peddling a false narrative and that this is the information dossier which exposes Pakistan as a rogue nation.
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Economic Times
11 minutes ago
- Economic Times
Nifty just in pause mode, all-time high possible before Diwali: Rahul Ghose
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The Jio 5G rollout and robust retail segment are big positives. The Asian Paints stake sale also gave them a healthy one-off Bank delivered on the operating front, with stable core growth and healthy other income. While the headline profit was down YoY—mainly from base effect and some provisioning—the underlying business looks steady and the outlook remains constructive. How do you see HDFC Bank and ICICI Bank placed now? Both are in a strong spot, barring some short-term volatility. Their loan growth remains robust, digital initiatives are paying off, and asset quality is stable. They're both still 'core portfolio' names for most investors, and any meaningful corrections are likely to draw buyers quickly. Are any sectors outperforming? Yes, consumer durables have been a clear standout—profit growth has exploded, and demand trends look solid. Metals have rebounded thanks to commodity price cycles, and realty stocks are holding up well thanks to strong housing and telecom are also shining, with leaders consolidating market share and improving margins. Can you name any stocks within those sectors? In consumer durables, Titan and Voltas look good. Among metals, Tata Steel and Hindalco are my preferred picks. On the retail side, Trent and DMart are doing everything right, and in telecom, I like Reliance Jio and Bharti Airtel for steady subscriber and revenue growth. Technically too the chart patterns in these suggest buy on dips. Note: In case any specific security/securities are displayed in the responses as examples, these securities are quoted are for illustration only and are not recommendatory. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


Time of India
22 minutes ago
- Time of India
Nifty just in pause mode, all-time high possible before Diwali: Rahul Ghose
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Explore courses from Top Institutes in Select a Course Category Operations Management PGDM Others Technology Data Analytics CXO Digital Marketing MBA Healthcare healthcare Finance Data Science Product Management Degree Project Management Public Policy MCA Leadership Management Cybersecurity Artificial Intelligence others Design Thinking Data Science Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details Analyst Rahul Ghose, Founder and CEO, Octanom Tech and , interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Following are the edited excerpts from his chat: How are you reading the markets right now? Right now, Indian markets are taking a much-needed breather. After a strong run earlier in the year, we've hit a consolidation phase—Nifty and Sensex have been under pressure for a few weeks in a row. There's definitely a sense of caution out there, partly because of mixed global signals and Q1 earnings being in focus. I'd say investors are taking stock and waiting to see which way the wind blows before making big moves. Make no mistake though, that the August month is going to see some big moves in the market in either direction. Are there any global factors that you see that can affect our markets? Definitely—global cues are a big part of the story at the moment. First, persistent FII outflows are weighing on sentiment; foreign investors are pulling back as US rates stay higher for longer, making developed markets a bit more attractive than emerging ones like India for now. Also, we can't ignore geopolitical tensions and how they've pushed up crude oil prices. Since India is a big importer, that's an immediate worry for both inflation and the rupee. And then there's the recent wave of trade protectionism—we've seen new tariffs and measures from the US and EU, which isn't great news for Indian exporters. All in all, the external environment is a bit choppy. What's your take on the broader Nifty trend, with the index ending lower for the third straight week? The Nifty's certainly feeling the heat after its blistering rally earlier in the year. If you look at the charts, the index is at an inflection point: there's firm resistance at the 25,300 mark and support near the 24500-24800 band. For now, it looks like a consolidation phase, not a reversal. The long-term bullish story remains intact, and I would stick my neck out and say that before Diwali, we might see the Nifty move to all-time high levels; it's just the near term that can see volatile moves. Bank Nifty seemed stronger—how does it look now? Bank Nifty has been the surprising pocket of strength—it's held up better than broader indices so far and has been attracting buyers on dips. Right now, though, it's also showing signs of consolidation. Financial stocks are in a wait-and-watch mode with Q1 results coming in. I'd say Bank Nifty is still on a stronger footing, especially compared to sectors facing margin or demand pressures. Any specific strategies for Nifty and Bank Nifty traders? For Nifty, my advice would be to watch for confirmed breakouts or breakdowns and avoid getting caught in the chop. If we break above 25,255 decisively, there could be quick upside—but keep tight stop-losses at 25,000, as volatility remains high. For Bank Nifty, buying on dips near 56,800–57,000 seems sensible, since the index is drawing buying interest at those levels. But be nimble; set clear exit points because sentiment can change quickly if results underwhelm. FIIs remain net sellers. What do you make of this, and how dependent is the market on FIIs now? Yes, FII outflows are back in focus—over Rs 90,000 crore has left Indian equities this year, and July alone saw a sharp exodus. This is really about global risk-reward equations changing, not anything fundamentally wrong with India. Higher US yields and stretched valuations here mean foreign money is seeking other avenues. That said, India isn't as dependent on foreign flows as it once was. Domestic investors—both institutional and retail—are much more active and have been buyers on every dip. So, while FIIs can amplify short-term moves, domestic participation is giving our market a lot more resilience. Where did you see a long buildup? What do you recommend among those stocks? We're seeing long positions being built in names like Tata Consumer, Tata Steel , Hindalco, Trent, and M&M—sectors where earnings visibility is strong and thematic tailwinds exist. Out of these, I particularly like Tata Consumer and Trent for accumulation; both have good momentum and structural growth stories. And what about shorting opportunities? Short buildups have shown up in Tech Mahindra , IndusInd Bank, Infosys, SBI Life, and Wipro—mainly IT and a few financials hurt by guidance trims and margin pressure. These could be tactical short candidates, but my advice is to stay nimble here, as oversold bounces are also likely. Let's also discuss Q1 earnings. How has the season turned out so far? Q1 numbers are a bit of a mixed bag. The headline Nifty 50 net profit growth—over 33% YoY—is impressive, but most of that came from margin expansion in consumer and retail names, and a few standout quarters in metals. IT and some global cyclicals have been softer, which is why the market tone is more cautious. What's your view on RIL and Axis Bank after Q1 results? Reliance had a blockbuster quarter, driven by a huge jump in profits from telecom and retail. The Jio 5G rollout and robust retail segment are big positives. The Asian Paints stake sale also gave them a healthy one-off boost. Axis Bank delivered on the operating front, with stable core growth and healthy other income. While the headline profit was down YoY—mainly from base effect and some provisioning—the underlying business looks steady and the outlook remains constructive. How do you see HDFC Bank and ICICI Bank placed now? Both are in a strong spot, barring some short-term volatility. Their loan growth remains robust, digital initiatives are paying off, and asset quality is stable. They're both still 'core portfolio' names for most investors, and any meaningful corrections are likely to draw buyers quickly. Are any sectors outperforming? Yes, consumer durables have been a clear standout—profit growth has exploded, and demand trends look solid. Metals have rebounded thanks to commodity price cycles, and realty stocks are holding up well thanks to strong housing demand. Retail and telecom are also shining, with leaders consolidating market share and improving margins. Can you name any stocks within those sectors? In consumer durables, Titan and Voltas look good. Among metals, Tata Steel and Hindalco are my preferred picks. On the retail side, Trent and DMart are doing everything right, and in telecom, I like Reliance Jio and Bharti Airtel for steady subscriber and revenue growth. Technically too the chart patterns in these suggest buy on dips. Note: In case any specific security/securities are displayed in the responses as examples, these securities are quoted are for illustration only and are not recommendatory. Economic Times )


Time of India
28 minutes ago
- Time of India
Rahul Gandhi speaks like "Leader of Pakistan," says BJP national spokesperson CR Kesavan
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