As global equities ride a rally, traders are shifting focus to Asia for the next upswing. The momentum is fueled by AI enthusiasm and strong performances in South Korea and Taiwan, with strategists favoring AI-linked semiconductors and hardware. India trails, weighed down by oil dependence, weaker currency trends, and comparatively limited AI exposure.
Gold prices in India are holding steady around Rs 1.49 lakh per 10 grams, while silver is in a more unstable mood near Rs 2.4 lakh per kg on MCX. Mixed global cues, inflation and oil concerns, and geopolitical tensions are shaping both metals, with silver attempting recovery after recent sharp drops.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Raju Antony Pullan, head of Samsung India’s mobile phone business, has resigned after 18 years with the company. As a senior vice president, he oversaw sales, marketing and smartphone operations. Samsung has not named a replacement, even as competition intensifies and Chinese brands challenge Samsung’s position in India’s fast-moving mobile market.
The Nifty 50 is torn between a bullish technical setup and a fast-worsening energy shock. Record earnings from firms like Bajaj Finance and Maruti Suzuki are supporting sentiment, but a Strait of Hormuz blockade and crude near $121 are pressuring the market. Brokerages warn that geopolitics is the near-term hurdle holding back a breakout above 24,340.
IDC’s Worldwide Quarterly Mobile Phone Tracker shows Vivo topping overall India smartphone shipments in the June-September stretch, but Apple dominated the premium and super-premium segments in the September quarter. Apple’s performance in high-priced tiers is cited as a key driver of market growth, even as Vivo remained the leading overall seller during the same period.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
