Business

India is well-positioned to navigate global energy shocks due to strong forex reserves, fiscal space, and a robust banking system, according to the World Bank. The institution projects an average growth of 7.1% for FY28-FY29, also highlighting the potential of recent trade agreements with the EU and UK to boost exports and household incomes.

Sensex dropped 931 points to 76,632 as foreign funds led a selloff amid fragile US-Iran ceasefire fears and continued Israeli actions in Lebanon. Global markets mirrored the caution, with Nikkei down and US indices flat. Rising crude prices and a weakening rupee further impacted Indian investor sentiment.

Indian stocks are poised for a significant rally, with Morgan Stanley projecting the Sensex could reach 95,000 by year-end. This optimistic outlook is fueled by expectations of stable economic conditions, renewed private investment, and robust domestic demand. Analysts foresee a strong earnings upcycle, potentially driving the index even higher, with a 20% chance of surpassing

Amidst global turbulence, Shaktikanta Das emphasized India’s energy security and self-reliance, highlighting its role as a stable anchor. He advised the corporate sector to build resilience and diversify. Das asserted that India’s prudent policy responses and strategic autonomy have enabled it to emerge stronger from various crises.

TCS remains optimistic about future growth, driven by strong AI momentum and a steady deal pipeline, despite a recent revenue dip. The company achieved a four-year high in operating margins, enabling continued investment in growth areas like its AI data center business, Hypervault. Key markets and industry segments showed sequential growth, with a robust order